Stepping into 2025, Australian businesses face an increasingly complex landscape shaped by internal pressures and external uncertainties. Businesses must be prepared to tackle the challenges of customer insolvencies and bad debts head-on while safeguarding their own financial health.

As 2024 comes to a close, the Australian economy is navigating a complex landscape. Businesses are experiencing an increase in insolvencies and delays in payments.

NCI is pleased to announce its recent partnership with the Surety Alliance, an exclusive network of leading construction and commercial surety brokerages from around the globe.

It’s been a year since NCI introduced easyAR to the market, and the response has been overwhelmingly positive. Designed to streamline and enhance internal accounts receivable processes, easyAR has proven to be an invaluable tool for businesses looking to improve cash flow and manage credit risk more effectively.

Incoming claim numbers decline, but average claim value increases

The building sector is currently confronting a low point in the business cycle. A combination of tight cost pressures, high interest rates and labour shortages have undermined the sector over the past 12 to 24 months.

We see it happen time and time again. Administrators are appointed to a collapsed business and creditors are left scraping the bottom of the barrel, (or keg, in this case) for less than one cent in the dollar.

We are thrilled to share the success story of CreditWise Academy, our newly launched seminar series designed to empower businesses with the essential tools and knowledge needed to master credit risk management.

FY24 was a year of significant progress for NCI, with important milestones and achievements that reflect our ongoing commitment to providing credit solutions, to help protect and grow our clients.