Give your voice to the latest CICM UK Credit Managers’ Index
Press Release – 8 April 2015
The latest round of the CICM Credit Managers’ Index (CICM UK CMI) has opened seeking views from credit managers to learn how businesses are currently managing their cash.
The most recent index (Q4 2014) highlighted the need to improve risk management, and the better use of credit intelligence. It also saw the headline index fall for the first time in six quarters.
But whether the headline index is set on a permanent downward trend will be determined by new research: “Accurate assessment of the economy is dependent on the responses of credit managers across the UK, so we can gain valuable insight into credit managers’ experiences and process changes,” says Philip King, Chief Executive of the CICM.
“It only takes a couple of minutes, with end results benefiting a wide range of business organisations, government departments, and our members who are all able to take advantage from accurate information about the state of the UK economy.”
The CMI is a diffusion index producing ‘scores’ of between one and 100 (typically in a range of 40-60). Ten equally weighted factors are included – three favourable and seven unfavourable – and the index is calculated on a simple average of the ten factors. Credit Managers’ views and statistics are sought on such issues as applications for credit through to days sales outstanding.
Link to online survey – https://www.surveymonkey.com/r/KQ3LQMY
The Chartered Institute of Credit Management (CICM) is Europe’s largest credit management organisation, and the second largest globally. The Institute was granted its Royal Charter on 1 January 2015. The trusted leader in expertise for all credit matters, it represents the profession across trade, consumer and export credit, and all credit-related services. Formed over 75 years ago, it is the only such organisation accredited by Ofqual and it offers a comprehensive range of services and bespoke solutions for the credit professional as well as services and advice for the wider business community, including the acclaimed CICM/BIS Managing Cashflow Guides.
For news, views and updates, follow the CICM on Twitter at www.twitter.com/CICM_HQ.
For further press information, please contact:
Sean Feast or Alex Simmons, Gravity Public Relations
T: +44 (0)207 330 8810