CRISworks at a Glance Cheat Sheet Update Many of you who use CRISworks regularly will have received and hopefully use our CRISworks at a Glance quick reference guide (or Cheat Sheet as we call it). Due to the many CRISworks enhancements and appearance changes that we have made recently, we have updated CRISworks at a Glance. Should you […]
read more »In the last few weeks we have seen several Company failures in the building industry – two of which were representatives of the competitive franchise market. A1 Homes in Hawkes Bay and Taupo went into liquidation, along with the (ex) Landmark Homes franchise, Debec Building Solutions Ltd (who exited the franchise in December only.) While […]
read more »Similar to a personal credit score, a business credit score serves as a financial report card that grades the creditworthiness of a business. Having a strong business credit score is key to getting your company approved for financing and trade credit. This makes your credit record one of the most important factors when you’re trying […]
read more »The PPSR can be a real minefield if not administered properly and maintained accurately. So, it is important to be dealing with credit wise people who can advise and manage the on-going monitoring and maintenance required, and provide assistance with queries or claims if necessary. While you may be able to get registration services at […]
read more »In a perfect world, one would be able to deliver goods or services and get cash payment in full. Unfortunately, this is the real world and you’ll have to extend credit to some, if not most, of your customers. But credit is tricky. Refuse to sell on credit and you risk losing a lot of […]
read more »Recent media articles have highlighted the demise of two more significant Construction companies and building projects. Point to Point Holdings Ltd (although now conveniently known as HPTP (2014) Ltd) based in Auckland, actually closed it’s doors in January, although details of the pain caused are only now emerging (see NZ Herald article 2/5/17). More on […]
read more »Alan Johnston of CreditWorks talks about construction industry debt in 2017. What are the main influencers of construction industry debt? Hardware / construction industry debt levels are based on two main factors: Volume of sales made on credit, and; Regularity of payment for those sales. while patterns of payment (payment profiles) (DSO) tend to be […]
read more »With reference to Anne Gibson’s’ article in the NZ Herald (April 3: ) titled “’Most Dangerous Time’ in Construction Cycle: Warning”, the article contains a summary section titled “How Builders and subcontractors can minimise risk.” I find this section quite interesting and pertinent, although the source (Staples Rodway) do overlook one of the most important […]
read more »What is a business credit score? How are business credit scores measured? What are the benefits of a good credit score? Managing your business credit score Tips For Improving Your Business Credit Score What is a business credit score? Businesses, similar to individuals, are also issued credit scores and this applies to corporate, large businesses […]
read more »Rob Stock’s article in Stuff (06/03/2017: http://www.stuff.co.nz/business/money/89758411/Rob-Stock-How-my-credit-score-jumped-200-points-in-a-night) raised some interesting points regarding the impact of Positive data reporting on Credit Scores – in particular the rarity of Credit Unicorns when it comes to credit scoring. For those who didn’t see the article, it refers to those rare personnel (the Credit Unicorn) who have a credit […]
read more »
