ICM and BIS monthly cashflow ‘tip’ to small businesses
24 March 2011
The Institute of Credit Management (ICM) and the Minister of State for Business and Enterprise Mark Prisk have published their monthly ‘tip’ for small businesses to better manage their cashflow.
‘If you don’t ask, you won’t get. Invoice as soon as humanly possible after supplying your goods or service. The sooner the invoice is received, the sooner it can be processed and ready for payment, and the sooner you can identify any problem or dispute that might hold up payment.’
The cashflow ‘tips’ are derived from the series of Managing Cashflow Guides published by the ICM for BIS that have to date been downloaded more than 210,000 times.
To view the monthly ‘tips’, please visit: http://www.creditmanagement.org.uk/bisguides.htm