Tough start to 2025 ahead for Australian businesses; sector outlook worst for hospitality
18 December 2024
CreditorWatch, has released the November results for its Business Risk Index (BRI) with all key metrics pointing to an extremely challenging start to 2025 for Australian businesses, particularly small businesses.
Data shows Australians using Stage 3 tax cuts to reduce consumer debt & mortgages without increasing discretionary spending
17 December 2024
New data released this week by credit bureau illion, an Experian company, in the December 2024 Australian Consumer Stress Barometer suggests that after three months of hotly anticipated Stage 3 tax cuts, they are working as intended, however the economy is still shaky.
Construction Industry Challenges: A Deep Dive Into Credit Risk
17 December 2024
As 2024 draws to a close, the construction industry’s capacity and capability remain key focus areas. The upward trend in business exits, negative cashflow and mortgage delinquencies among business owners in the third quarter emphasises the need for proactive data-driven credit risk assessments. Here we’ll examine several key data sources to help unpack the health of the construction industry and its sub-sectors.
As Australia and New Zealand’s leading retailer of home improvement and outdoor living products, and a major supplier to project builders, commercial tradespeople and the housing industry one of our key ambitions is to provide best service for our customers and in particular for our Commercial customers, we aim to make doing business with us easier.
Celebrating WINC 2024: A Year of Empowering Women Through Education
02 December 2024
As 2024 draws to a close, we reflect with pride on another remarkable year for the Women in Credit (WINC) initiative, with a renewed focus on education for women. This year, our events highlighted the importance of equipping women with knowledge and skills to thrive in the credit industry and beyond. From financial literacy workshops to inspiring discussions on career growth, WINC 2024 empowered attendees to connect, learn, and drive meaningful change. With over 1,600 registrations across webinars and luncheons, this year has set a solid foundation for building a brighter, more inclusive future.
Business failures at highest rate since peak of pandemic; Soft household spending hitting hospitality hardest
28 November 2024
CreditorWatch, has released the October results for its Business Risk Index (BRI), which show business failures are continuing to rise and are now at the highest rate since the height of the COVID-19 pandemic in October 2020.
Navigating the Evolving Personal Insolvency Landscape: Insights for Credit Professionals
27 November 2024
As the personal insolvency environment continues to shift, credit professionals need to stay informed and equipped to manage the challenges. The recent discussion hosted by the Australian Institute of Credit Management provided valuable insights from experienced insolvency practitioners that are worth sharing with our members.
Navigating Insolvency: Insights for Credit Professionals in Challenging Economic Conditions
12 November 2024
The landscape of insolvency in Australia has seen significant shifts, particularly as businesses grapple with post-COVID challenges. The recent webinar, "Navigating Insolvency: Insights for Credit Professionals in Challenging Economic Conditions," led by AICM CEO Nick Pilavidis and ARITA CEO John Winter, provided critical insights into current trends and offered strategies for credit professionals.
In this session we will cover the basic understanding required in the credit arena from the approval of the application form through to the maintenance of the account, along with the identification of a possible doubtful or bad debt.
This course covers the content for the unit of competency FNSINC411 - Conduct work according to professional practices in the financial services industry and FNSORG411 - Conduct individual work within a compliance framework which are core units from the FNS40122 Certificate IV in Credit Management and FNS51522 Diploma of Credit Management qualification.
Credit toolboxes are a unique opportunity to learn and refresh on the fundamentals of credit management from credit professionals with extensive real world experience.
This course covers the content for the unit of competency FNSCRD415 - Manage overdue customer accounts which forms part of the FNS40122 Certificate IV in credit management qualification.
With the wide availability of credit comes the risk that the credit provided will not be returned and promised payments will not be made. This course explores the skills and knowledge needed to correctly initiate and complete the management of customer accounts which have outstanding payments.
This course covers the content for the unit of competency FNSRSK411 - Apply risk management strategies to own work which is a core unit from the FNS40122 Certificate IV in Credit Management Qualification.
This interactive toolbox is designed and presented to provide attendees with an understanding of the fundamentals of financial hardship and the opportunity to learn and network with others.
The Certified Credit Executive program is an award recognising current knowledge and practice in the credit industry and is the AICM’s commitment to maintaining professional excellence in the field of credit management.
This course covers the content for the unit of competency BSBOPS504 – Manage Business Risk which forms part of the FNS51522 Diploma of Credit Management qualification.
This course has been developed to provide a sound foundation for the operation of trusts from the viewpoint of a credit provider and built around certain due diligence points when extending credit and trading with trusts. It will provide detailed information on understanding the reasons behind why a trust would be created and in what circumstances would be suitable to have a trust structure in place.
This course covers the content for the unit of competency BSBLDR522 – Manage people performance which forms part of the FNS51522 Diploma of credit management qualification.
In this session we will cover the basic understanding required in the credit arena from the approval of the application form through to the maintenance of the account, along with the identification of a possible doubtful or bad debt.
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