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What’s been happening in the world of trade credit? See here for all the latest news, articles and events.
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What’s been happening in the world of trade credit? See here for all the latest news, articles and events.
As 2024 begins, we are thrilled to announce the official launch of our latest product, easyAR! This innovative platform is designed to revolutionise the management and maintenance of accounts receivable, providing our clients with an automated and efficient solution.
One of the things that was introduced along with the PPSA well over a decade ago, was a requirement that it be subject to an official review after 3 years of its operation – primarily to assess its effects on both Australian businesses and consumers as well as the potential for implementing efficiencies and greater simplification.
The NCI Trade Credit Risk Index fell 2.1 per cent in the December quarter 2023, partly unwinding the steady rise in the index since the low point in the December quarter 2021.
Godfreys, a prominent Australian retail chain specialising in vacuum cleaners and related products, faced a challenging financial situation that eventually led the business to enter voluntary administration.
But wait…. there's LESS!
If you lived through the 90s, you could not escape the infamous salesperson, Tim Shaw, and his favorite saying “but wait…there's more!”
Fast forward a few decades and most people (especially in business) are looking for less, rather than more. For example, less time spent on tedious tasks, less costs, less resources, less administration, less noise and interruptions, so they can focus on getting on with their main duties.
I recently watched a presentation by NCI’s Economic Expert, Stephen Koukoulas. Various charts detailing statistics since 2009, showed a roller coaster ride on many economic factors. In fact, many of these charts showed significant falls in 2020, significant increases during 2021 and 2022, and now significant falls in 2023.