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ICM and BIS monthly cashflow ‘tip’ to small businesses

Press Release – 18 August 2014

The Institute of Credit Management (ICM) and Matthew Hancock MP, Minister of State for Business and Enterprise, have published their monthly ‘tip’ for small businesses to better manage their cashflow.

“If you’re not going to be able to pay a supplier on time, tell them as soon as you can.  Saying nothing makes it more likely that they’ll take action to recover their money; talking to them might provide the opportunity for them to show some flexibility and support.”

The cashflow ‘tips’ are derived from the series of Managing Cashflow Guides published by the ICM for BIS, of which there have now been more than 500,000 downloads.

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The Institute of Credit Management (ICM) is Europe’s largest credit management organisation, and the second largest globally. 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 70 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 ICM/BIS Managing Cashflow Guides (

For news, views and updates, follow the ICM on Twitter at

For further press information, please contact:

Sean Feast or Alex Simmons

Gravity Public Relations

0207 330 8888