Atradius’ article by ANZ Managing Director published online in ‘Smart Company’, ‘SMEs should heed the warnings of rising insolvencies’.
“The Australian economy is facing headwinds for the remainder of 2016 and into 2017 following the decline in commodity prices. Local bankruptcies are expected to rise by 8%, according to Atradius forecasting, so it makes good business sense to look for ways to reduce risk exposure to let the company trade confidently. Australian businesses must start implementing strategies to avoid being another bankruptcy statistic.”
Read the article on the Smart Company website:
http://www.smartcompany.com.au/finance/75373-smes-heed-warnings-rising-insolvencies/
About Atradius
Atradius provides trade credit insurance, surety and collections services worldwide through a strategic presence in 50 countries. Atradius has access to credit information on 200 million companies worldwide. Its credit insurance, bonding and collections products help protect companies throughout the world from payment risks associated with selling products and services on trade credit. Atradius forms part of Grupo Catalana Occidente (GCO.MC), one of the leading insurers in Spain and worldwide in credit insurance.
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For Further Information:
Atradius Corporate Communications Oceania
Lara Morrow
Tel.: +61 2 9201 2249
E-mail: lara.morrow@atradius.com