Founder member of FECMA

Advancing the credit profession

Credit Management: How tough should you get?- A guest blog by Menzies

One of the key obstacles when keeping on top of a debtors ledger is that often, business owners are afraid of damaging long-term customer relationships. Therefore, it is important to strike a balance between allowing customers some flexibility and setting boundaries. So, how far should you go when asking customers to pay on time and […]

Is Trade Credit Insurance protection a friend or foe?

  What is Trade Credit Insurance Protection?   Trade Credit Insurance is a policy and a risk management product for business entities to protect their accounts receivable from loss.   Is Trade Credit Insurance Protection a friend or foe? That’s the question that the Chartered Institute of Credit Management East of England Branch asked themselves […]

CICMQ Accredited Companies Discuss Their Current Situation During These Challenging Economic Times

On Wednesday, 23rd November, CICM and Head of Accreditation Karen Tuffs FCICM hosted an exclusive CICMQ virtual event with our prestigious accredited companies in attendance. The event, ‘Supporting Our Network Through Challenging Economic Times’, asked our companies about the current economic situation, how they were putting the well-being of their employees into practice and any […]

PRESS RELEASE: Only 5% Of Companies Receive ‘Fast Payer Award’

Only 5% of the 5,158 UK’s largest companies that report payment terms have qualified for the 2022 award from Good Business Pays. The award recognises big businesses that pay at least 95 per cent of their invoices on time and within 27 days or less, over the last 12 months. Since 2019, almost a quarter […]

Night at the Museum: Focus on Fraud event report

On a chilly Tuesday evening, Sheffield & District Branch members and guests entered the historic former combined Police, Fire and Ambulance Station in Sheffield City Centre, which is now the National Emergency Services Museum.   What better place to have Focused on Fraud than in a building, which has no doubt played host to fraudsters […]

Keeping your debtor days down – A guest blog by Menzies LLP

In our latest blog, the Menzies LLP Creditor Services team looks at what we should do when dealing with our aged debtor list. Spotting the signs of trouble Have there been any delaying tactics, such as not answering calls? Have they asked for copy invoices? Are they trying to pay by cheque? Are they paying […]

How to Drive Efficiency and Value with Artificial Intelligence – A guest blog by Serrala

Nils Strachanowski, VP Product for Cash Application, discusses how humans and Artificial Intelligence can collaborate in Accounts Receivable Management to achieve the best possible results. Cash collection and allocation processes are more critical than ever in times of trade volatility and economic instability. What are the primary issues that businesses confront when it comes to cash […]

Trading with a familiar face – A guest blog by Menzies LLP

In our latest guest blog, the Menzies LLP Creditor Services team look at what you should be doing when dealing with a company that has had previous insolvencies. Picture the scene You have been dealing with a customer that has now ceased to trade and they owe you money. You are then approached by the […]