Online articles
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Displaying 1-17 of 17 results
Exclusive
Should I stay, or should I go?: Salary and recruitment trends for the year ahead
- Article
- 01 Feb 2024
- Natascha Whitehead
The article discusses the findings of the Hays 2024 UK Salary and Recruiting Trends guide, highlighting the increased optimism among accountancy and finance employers about the economic climate, the persistent skills shortages in areas like credit management, and the growing importance of skills over degrees for accountancy employers. Topics include credit professionals' job satisfaction, the importance of flexible working and a benefits package to candidates and the impact of the rising cost of living on job moves.
Exclusive
The credit whisperer
- Article
- 01 Jan 2024
- Melanie York
An interview with Hayley Earle, who after initially aspiring to become a chartered accountant, discovered her passion for credit management during university. She reflects on her journey to a successful career as the Head of Credit and Collections for Amey Group Services. She explains her approach to communicating with customers, the challenges faced during the pandemic, and her approach to team collaboration and continuous learning for success in the credit management profession.
Exclusive
Generative AI in accounting applications
- Article
- 01 Nov 2023
- Lamont Black, Kelly Richmond Pope, Matthew Stern
The article provides a high-level outline of steps showing how an accountant can talk to ChatGPT to produce an accounts receivable report. Includes a table of do's and don'ts when using ChatGPT for automating tasks.
Exclusive
The ins and outs of cash flow forecasting
- Article
- 01 Sep 2023
- Jamilex Gotay
The article emphasizes the significance of cash flow forecasting in managing a company's finances. The business credit department plays a crucial role in cash flow forecasting by tracking cash inflows through accounts receivable, aiding in accurate financial predictions. The article gives advice on how to build a new cash flow forecast.
Exclusive
Succession planning: Secure a positive future for your credit department
- Article
- 01 Jun 2023
- Jamilex Gotay
A summary of the steps credit professionals must take to ensure the future success of their departments. Tips include setting in place delegation of authority and fostering a spirit of mentorship to train up employees.
Exclusive
Will late payment ever be resolved, or is it a fantasy?
- Article
- 01 Mar 2023
- Sean Feast
Which Government measures to support businesses suffering from late payments are most likely to work? The article looks at the options, from beefing up existing measures (the Prompt Payment Code, the role of the Small Business Commissioner), to using a combination of carrot and stick to encourage prompt payments. The potential advantages of using solutions such as automatic invoicing software, online dispute resolution platforms and debt management companies are discussed.
Exclusive
Government's late payment review needs to get back to basics
- Article
- 01 Jan 2023
- Sean Feast
An update on the Government's launch of a review into tacking late payments to small businesses. Its scope will include existing Government measures, including the Prompt Payment Code and the role of the Small Business Commissioner. Industry experts give their views on which direction the review should take.
Exclusive
The big cash squeeze: Will fortune favour the bold?
- Article
- 01 Dec 2022
With a new political landscape, rising inflation, a cost-of-living crisis and increasing pressure from HMRC for payments, many businesses
are preparing for a big cash squeeze in 2023. This could push demand for credit management services to a new high, so how is the industry likely to fare?
Exclusive
UK businesses still squeezing suppliers: UK businesses are feeling the payment squeeze
- Article
- 01 Jul 2022
The 2022 European Payment Report has revealed that businesses are paying their suppliers even later on average - despite the strengthening of the Prompt Payment Code. Almost half of the 11,000 businesses surveyed said they would like to improve their management of late payments but are held back by a lack of in-house skills and resources.
Exclusive
Controlling influence: Considerations in creating a strategic credit management department
- Article
- 01 May 2020
- Matthew Godby
Matthew Godby looks at some of the factors in achieving a strategic credit management department, including the order to cash cycle, systems and reporting, credit policies and taking a collaborative approach.
Exclusive
Taking responsibility
- Article
- 01 May 2018
- Alex Simmons, Sean Feast
Article reporting on credit management's request to the CICM Think Tank and the wider credit community about the Corporate Social Responsibility (CSR) and its relevance to today's business environment. Topics include the importance of the Corporate Social Responsibility in the engagement of staff.
Exclusive
Using forensic accounting to spot inconsistencies and potential fraud
- Article
- 01 Oct 2016
- Nicholas Stern
Examples of how forensic accounting techniques can uncover fraud within credit departments. Part of the trick of learning to catch irregularities in financial statements is studying customer behaviour and spotting patterns.
Exclusive
Free up cash
- Article
- 01 Sep 2015
- Renita Wolf
Renita Wolf covers best practices to help your company manage working capital effectively.
Exclusive
Balancing act
- Article
- 01 Aug 2015
- David Fisher
David Fisher considers the role of credit managers in maximising risk and reward - in his view, achieving zero bad debts is not something commercial credit management teams should aspire to.
Exclusive
Creditors slam IP fees and say regulatory regime is inadequate
- Article
- 01 Oct 2014
- Giles Frampton, Nick Howard, David Kerr
Many UK credit managers believe Insolvency Practitioners' fees are exorbitant, Pre-Pack administrations are not adequately controlled and the regulatory regime is not adequate, according to research conducted by the Institute of Credit Management (ICM).
Exclusive
Improving business results with shared service centres
- Article
- 01 Feb 2014
- Simon Marshall
Simon Marshall explains how using highly effective credit management can drive improved business results.
Exclusive
Central perks
- Article
- 01 Nov 2013
- Shelley Depledge
Shelly Depledge discusses the difficulties and benefits of centralising credit functions.
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