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 […]
18 April 2019 Figures from Crowe’s Financial Cost of Fraud 2018 would suggest that if the global cost of fraud – £3.2 trillion – were a country’s GDP then it would be the fourth largest economy, ahead of Germany and behind Japan. Many organisations appear to be in denial about the problem. Either that or […]
11 April 2019 Late payment is firmly on the agenda this week and the CICM is at the centre of the debate. One of the key weapons to move payment culture in the right direction is raising the level of public debate. I was therefore delighted to see the attention given to the report on […]
04 April 2019 In today’s world, technology and software are an essential part of business. This is especially true in accounts and credit management departments where organising and sharing data, tracking orders, scheduling tasks and managing workloads are all vital processes for long-term success and growth. The type of software used to manage these processes, […]
28 March 2019 Change is inevitable in the wake of Brexit – can SMEs cope? Change is an integral part of the business landscape, and it always has been. But today’s level of change is completely unprecedented. It seems to come from all quarters – economic, political, and social – largely due to the uncertainty […]
21 March 2019 Cash is King – we all know that, so why do so many organisations still have piles of unallocated cash and multi day internal processing arrangements? Cash Allocation Teams Struggle Cash teams are struggling with time-consuming and complex tasks that keep them from doing their most important role – making sure all […]
14 March 2019 Current political events will go down in history as one of the most tumultuous political periods in this country’s history. I suspect future generations will look back with incredulity on what has happened, and on some of the decisions taken. But then, hindsight is always wonderful and adds perspectives that weren’t there […]
08 March 2019 From April, the Government will start clawing back unspent apprenticeship levy funds at a rate of around £120m per month, so there’s never been a better time to push for investment in your credit and collections team. The size of your levy pot First things first, find out more about […]
24 January 2019 So, Patisserie Holdings PLC has finally entered administration which is no surprise given the story that has unfolded since October. And the story has a way to run yet. False entries into company ledgers How does a business that had reported holding cash of almost £30m earlier in the year […]
