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 […]
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 […]
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 […]
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 […]
In our latest guest blog and recent podcast, two of our corporate partners, Menzies and Shoosmiths, take a look at the increased petition levels and whether they are a good idea. Insolvencies are on the rise. If we compare them to August 2019 stats to reflect on a pre-pandemic scenario, they are up by some […]
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 […]
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 […]
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 […]
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 […]
(January, 2022) A new set of Professional Standards that defines the unique skills and contribution that credit professionals deliver in protecting and growing business and the economy has been launched by the Chartered Institute of Credit Management (CICM), the largest recognised professional body in the world for the credit management community. A first of its […]
