Shell joins the five-time CICMQ ranks
SHELL, the UK’s largest publicly listed businesses by market capitalisation, has achieved CICMQ accreditation for the fifth time, demonstrating that the principles of good credit management remain despite recent changes within its group structure. Low oil prices over the past few years have caused large challenges for the business and have led to periods of reorganisation and restructuring with jobs being moved to shared services centres and redundancies.
Despite the changes, Shell has managed to maintain its extremely structured and controlled environment for credit management, culminating in achieving another reaccreditation: “We are in a similar position to two years ago and again we looked to the reaccreditation to get an outside view of our processes. We are pleased with the outcome, passing the accreditation with no issues raised and also receiving special praise for our results,” says Thomas Thies, Global Credit Policy and Governance Manager at Royal Dutch Shell.