Early intervention by accountants to forewarn clients about insolvency risks is essential in better supporting their needs and desired outcomes, CreditorWatch’s head has said.
In a recent episode of Under the Hood, Jerome Doraisamy spoke to Patrick Coghlan, co-founder and chief executive of CreditorWatch, about how accountants are often the last line of defence for SMEs, and how they can intervene earlier by identifying warning signs to better support clients.
In the episode, Coghlan said that accountants were increasingly being called on to help clients identify signs of financial stress before they developed into major problems.
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