Insolvency stories

A surge in insolvency risks is predicted for Australian firms in 2025, with failure rates rising 6% in late 2024 amid renewed financial pressures.

Despite facing record insolvencies due to rising costs and reduced consumer spending, Australia's small businesses remain hopeful about 2025, embracing tech-driven strategies.

As cyberattacks rise, Australia's new Cybersecurity Act mandates timely reporting of ransomware payments, urging businesses to bolster their defences.

Australia faces a surge in corporate insolvencies, with tech firms like Plutora racking up debts of AUD $37.3 million as businesses turn to software escrow for protection.

AI is transforming hospitality with 85% of Australia’s venues using it for data analytics, inventory management, and personalised marketing to boost revenue and efficiency.

Michael Makridakis has joined Taylor David as a Partner, bringing over 20 years' experience in multi-jurisdictional insolvency to the renowned law firm.

Australian small and medium businesses are turning to integrated tech stacks to streamline operations, enhance collaboration, and drive growth amid economic volatility.

An intricate web of third-party collaborations elevates innovation and efficiency in business but also significantly increases risk factors such as data breaches and financial instability.

GoCardless and Intuit QuickBooks launch an integration for Australian SMBs to enable automatic collection and reconciliation of payments.

Kevin O'Neill, with over twenty years of business development experience, now heads revenue growth at the financial software solutions company, Aryza Group.

Aryza Group unveils dynamic, standalone system, Aryza Decide, geared to revolutionise credit risk management in the lending industry and encouraging operational efficiency.

Despite a tough business climate, software firms ranked third least likely to sell in 2024, displaying remarkable resilience.

The construction and engineering sectors are increasingly beginning to recognise the value of digital transformation and data-driven construction.

The platform is designed to help businesses to optimise receivables management and generate more liquidity, according to the company.

While the other end of town enjoys regular pay cycles and pontificates about bonus structures, small businesses simply need to be paid on time.

Mazars in Singapore expands its Financial Advisory and Consulting teams with the appointment of two new local Partners.

Despite the predictions that tougher times are incoming, plenty of businesses are identifying opportunities to expand their range, reach and revenue.

Restructuring and advisory firm McGrathNicol welcomes two new partners: Linda Smith and Michael Gray, bringing the total to 51 partners.

IndeServe, a longstanding local service contractor that has worked with companies including IBM, Fujitsu and Datacom, has voluntarily filed for liquidation.

2020 highlighted the reliance on technology in business, so leverage it to your advantage. Here's how to achieve tech-fuelled growth and fund it properly.