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Credit Week succeeds in promoting importance of good credit management

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Press Release – 31 March 2017.

Philip King, Chief Executive of the CICM, has praised the success of the first Credit Week in helping to promote the importance of best practice credit management and credit professionals.

Organised by Credit Strategy and officially supported by the CICM, the world’s largest recognised body for credit professionals, Credit Week included a series of conferences, meetings, debates and industry networking events.

It attracted high profile individuals – including broadcaster and TV personality Evan Davis, who delivered a keynote address on the economy and the impact of Brexit – and events were hosted at prestigious buildings such as the Law Society, the venue for a live debate on debt collection.

The event commenced with a Parliamentary reception hosted by Julian Knight MP and included a welcome speech by the Minister for Small Business Margot James MP, who explained the ‘real material effect’ that the Prompt Payment Code (PPC), which is administered by the CICM on behalf of the Government, is having:

“Signatories to the Prompt Payment Code pledge to keep to the highest standards, a commitment which is integral to driving the change in UK payment culture that we want to see,” she said.

“We are a nation of small businesses,” the Minister continued. “There are 5.5 million at the latest count, and you in the credit industry have all played a big part in helping many of them to grow and thrive. That’s the strength of good credit policy and of a reliable credit industry.”

Mr King, who was the Chair of the Trade Credit and Credit Risk streams at the Credit Summit, hailed the Week as a great success: “In the credit industry, we are passionate about supporting the growth of businesses and the economy through healthier cashflows.

“The week has helped to emphasise that the principles behind supplying credit, whether to businesses or consumers, are essentially no different,” he added. “Professional credit management, acting responsibly, and treating customers fairly are fundamental to achieving better outcomes for all.”

http://www.cicm.com

-Ends-

For further press information, please contact:

Sean Feast, Alex Simmons or Tom Berger – Gravity Public Relations

Tel: 0207 330 8810

email: mediaenquiries@cicm.com


About CICM:

The Chartered Institute of Credit Management (CICM) is the largest recognised professional body in the world for the credit management community. Formed over 75 years ago, the Institute was granted its Royal Charter in 2014.  Representing all areas of the credit and collections lifecycle, it is the trusted leader and expert in its field providing its members with support, resources, advice, and career development as well as a networking and interactive community. In addition to its comprehensive suite of qualifications and learning opportunities, events and magazine ‘Credit Management’, the CICM administers the Prompt Payment Code for BEIS. Independently, and through collaboration with business organisations, it provides vital advice to businesses of all sizes on how best to manage cashflow and credit.

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