CheckVault was featured as a case study on BPAY’s Banter which provides news and insights into the world of BPAY payments. CheckVault uses BPAY and has been super successful in enabling our clients to make large payments with ease. Read the case study here to find out more. Or if you want to talk to one of our friendly staff at CheckVault use the ‘Chat with us’ tab on the bottom right of the CheckVault (www.checkvault.com.au) page or contact us 1800 CV AU LT (1800 28 28 58)
ASIC recently released their corporate insolvencies report for the 1st July 2013- 30th June 2014 financial year. This report collects and summarises information on the lodgements made by liquidators, receivers and voluntary administrators (external administrators) in the financial year for businesses that went insolvent. It gives us an insight into the
- number of businesses that failed
- the size of these businesses
- the reasons for them failing
- how much unsecured credit was never paid etc.
If you wish to view this report in full, you can find it here. In this article, I will be looking closely at certain pages in this document and bringing them into discussion.
Why does one start a business? To make money of course.
But it’s also because you know you’re good at something and you want to offer these services to your community, country or even globally. And in return you receive a remuneration, most commonly in the form of money. But if you’re finding yourself worrying more about the money side of things, like chasing payments, doing court rounds because of a dispute etc., then there is something wrong in your invoicing methods/payments receivables department of the business which is preventing you from doing that very business.
There’s a startup aiming to help tradies get paid.
Sydney-based CheckVault is a secure payment service which takes the risk out of getting paid for a job for both parties by offering a secure escrow service through ANZ. Once a quote for a job is… read more
Rad the full article:
Business Insider Australia: www.businessinsider.com.au/5-things-you-need-to-know…
Not being paid for a job is a big problem Australia’s tradies have to contend with all too often and it’s something new Aussie startup CheckVault wants to stop.
Last financial year the Australia Security and Investment Commission found 9,500 Australian businesses had been listed as insolvent, racking up losses of close to $7 billion
Construction is one industry which has been particularly affected by this, making up nearly a quarter of the companies which have become insolvent… read more
Read the full article:
Business Insider Australia: www.businessinsider.com.au/an-australian-startup-wants…
CheckVault is a new independent escrow service that boasts a 100% success rate in getting payments made on time.
Not being paid for a job is a big problem Australia’s tradies have to contend with all too often and it’s something new Aussie startup CheckVault wants to stop.
Last financial year the Australia Security and Investment Commission found 9,500 Australian businesses had been listed as insolvent, racking up losses of close to…read more
Read the full article:
Business IT: www.bit.com.au/News/397881,what-if-you-could-ensure-your…
What can you do to protect yourself from being ripped off?
2GB’s Steve Price has been speaking to CheckVault founder Kieran Martin – catch the interview below to find out more about what Steve calls a ‘very clever’ service. “I think it’s a great idea,” says Steve.
Listen to the interview:
2GB Radio: checkv…14_2gb_steve_price_interview_km.mp3
A staggering $7 billion has been lost from Australian SME’s in the past year alone. CheckVault is now battling the billion dollar bust.
Watch the interview:
Small business operator Dale Vine is sold on the latest solution to chasing unpaid bills.
Mr Vine, a former The Block winner said CheckVault was a winner for the tradies, as well as the clients.
Read the full article:
Don’t leave chasing money until the end of December because you may have to wait even longer to get paid.
It’s the crazy time of year, where the work piles up and you end up delaying the invoicing and the paperwork for when you have time.
The last thing you want is to hit January with a lack lustre cash-flow, or even worse to discover that the person you worked your butt off for in December can’t afford to (or won’t) pay for your hard work.
Set yourself up now by looking at your contracts and look into escrow.
Read the full article:
