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 […]
Some of the changes in the pandemic for credit management and enforcement were temporary and have started to fall away, but others remain, making the enforcement landscape indelibly altered. The first lockdown saw a moratorium on all residential judgment enforcement and landlord action. When enforcement restarted in August 2020, the Government, Public Health England and […]
In this week’s guest blog, the Menzies LLP Creditor Services team look at the changing economic landscape, alongside Small & Medium sized Businesses’ (“SMB”) debt statistics. What will happen as Government support reduces? Economy continues to grow The BBC recently reported that the economy grew by 0.8% in May 2021, which was the fourth consecutive […]
I can remember quite clearly the first time I met Laurie and Lynn. It was the Autumn meeting in 1996 of the CMIG (Computer Manufacturers Industry Group) held at the Fines Bailiwick Hotel near Bracknell. I had joined Dell in September of that year and this was my first meeting. The only Credit Forums I […]
In this week’s guest blog, the Menzies LLP Creditor Services team discuss the future of the Company Voluntary Arrangement (CVA) as an insolvency process and the impact it can have on different groups of creditors. The Company Voluntary Arrangement (“CVA”), was a new insolvency procedure which was introduced by the Insolvency Act 1986 to provide a simple […]
As signs of an economic recovery emerge, how can companies now prepare to respond to changes? The turbulent last year and constant negative news cycles have reminded me of the old joke about the optimist and the pessimist. The pessimist says ‘surely it can’t get any worse than this’ and the optimist replies ‘oh yes […]
2020 will show up in the history books as a year with a record low in bankruptcies. Due to the pandemic, the financial uncertainty it caused, and the huge impact of government support, that might seem somewhat unbelievable. But what is not happening already, is in this case definitely going to come. The question is […]
