19 September 2019 I’d like to explain exactly what is going to happen over the next six weeks in relation to Brexit. I want to set out how businesses will be impacted from 31 October, how they can mitigate against any specific risks, and what UK government policy will be as we move towards the […]
6 September 2019 Stranger Danger – Why am I giving my credit card details to you? I like to think there’s a silver lining to major data breaches hitting the news, consumers are being more cautious about how they share their personal data. The Public vs The Cyber Criminals, the ongoing battle. This is particularly […]
01 August 2019 There’s been an increasing clamour round the issue of late payment in recent weeks. Much of this has been driven by the suspension of a number of businesses from the Prompt Payment Code for failing to meet the requirements that they voluntarily signed up to. The relevant press releases can […]
18 July 2019 I’m just over two weeks into a challenge to walk one million steps over a three-month period and, as a result, I’m walking about twice as far each day as I normally would. Apart from the obvious benefits on my health and fitness, it also means I’m getting more time […]
11 July 2019 Recent research by Bottomline into the thorny area of late payments shows that 92% of financial decision makers admit to having paid suppliers late. In 2017, a slow payer ethic emerged as the biggest challenge to getting paid on time. In 2018, we found that a surprising number of financial […]
04 July 2019 Before taking a role in client service management, I worked at the sharp end of a legal collections team for five years. In my former life as a Litigation Manager, nothing made my heart sink lower and deeper than the regular circulation (usually on a Monday) of the accounts receivables report. Any client […]
27 June 2019 For many credit professionals the phrase ‘cash is king’ has become rather hackneyed and over-used. Clearly cash is vital to enable the continuity of the company and to meet its immediate obligations. Cash can arise from trading operations or from debt, shareholder or asset disposals. Cash also provides the business […]
06 June 2019 For most businesses, equal weight is applied to generating income at month end from both sales and financial accounting, as both roles share responsibility for ensuring the business achieves its goals. Yet unpredictability can squash the performance of every best laid forecast, which means more and more, sales and financial accounting leaders […]
16 May 2019 I first started working in credit in January 1979 so I’ve now been a credit professional for over 40 years. That’s a scary thought but also a reminder of what a great and varied career I’ve had throughout those years, and what a brilliant profession credit management is. What makes it so […]
2 May 2019 The CICM published a press release last weekend announcing the suspension of 17 signatories from the Prompt Payment Code which the Institute administers for The Department for Business, Energy and Industrial Strategy (BEIS). As one might have expected, it has generated a significant amount of media interest, particularly across trade publications and […]
