Recently added articles from Credit Management:
Chairman's column
Feb 01, 2009; ... I am writing this column over the New Year and wonder how many of you will have received bad news from either major customers or your employers after the Christmas festivities. The roller coaster ride of the retail world seems to have led to a number of those "at risk" going bust and many owners ...
Free evaluation of Bank Wizard Absolute from Experian Payments
Feb 01, 2009; ... Experian Payments is offering ICM Members the opportunity to trial a new product that helps process customer applications faster, while reducing exposure to fraud. Proving an individual's identity and then linking this identity to a bank account is a challenge for all organisations. With ...
Making hay while the sun isn't shining
Feb 01, 2009; ... 9th Receivables Financial International factoring conference - 15% discount to ICM Members Factors in the UK and beyond are experiencing a tremendous increase in the level of enquiries from hard-pressed SMEs suffering cash flow problems in the current economic conditions. But while sales ...
View from The Water Mill
Feb 01, 2009; ... It never surprises me how quickly time flies, but last year seemed to be over especially quickly. Perhaps it was a reflection of just how busy the Institute was and continues to be! This year began pretty much in the same way as last year ended: with a major project undertaken in ...
It pays to belong: report reveals lifetime benefits of £152,000
Feb 01, 2009; ... New, independent analysis has revealed that individuals with professional qualifications and membership of a professional body stand to gain £152,000 in additional earnings over the course of their career. The study, published in December 2008, has also uncovered wide benefits to the public ...
Cash was king - before Christmas at least
Feb 01, 2009; ... From Tuesday 25 November to Christmas Eve, the value of LINK cash withdrawals was up by £367m compared with 2007. Total LINK cash withdrawals during the final month of Christmas shopping were around £11 bn. The busiest day of the year was ...
New credit think tank blames poor management for failures
Feb 01, 2009; ... A new industry 'Think Tank for Credit' has given its unanimous support to credit insurers and is urging directors, companies and government to more willingly share financial and performance-related information to help maintain current and future lines of credit and keep Britain in ...
Pre-packs - Aon calls for changes
Feb 01, 2009; ... Aon, the UK's largest credit insurance broker, is calling for change in government legislation to give unpaid suppliers the opportunity to seek recourse before the pre-pack deal is done. Currently, there is no legal obligation for administrators of pre-packs to involve suppliers to the ...
Payplan launches arrears management service
Feb 01, 2009; ... Payplan, the free debt solutions provider, has recently announced the launch of its specialist arrears management service for lenders. The service is designed to help lenders avoid arrears and ultimately comply with recent government directives to keep the number of repossessions down ....
Tracesmart joins DBSG
Feb 01, 2009; ... Cardiff based Tracesmart has recently become a member of the Debt Buyers and Sellers Group (DBSG). Tracesmart has joined the Group as part of its commitment to the debt collection industry and to provide valuable specialist input on some of the core processes used to recover debt, namely data ...
CIFAS on the move
Feb 01, 2009; ... ClFAS, the UK's fraud prevention service, has recently moved out of its offices at Central House to 6th Floor, Lynton House, Tavistock Square, WC1 H 9LT, a short walk from its current offices and still very close to Euston, St. Paneras and King's Cross stations. Earlier, on 15 December ...
At the sharp end of the crunch
Feb 01, 2009; ... Global and sectoral resonances For the first time in 30 years, an economic crisis has struck simultaneously on both sides of the Atlantic. Since 1973 a slowdown in Europe has been associated with deceleration in the US economy, with a slowdown or recession in the United States ...
Export
Feb 01, 2009; ... Will the rate reduction work? The reduction in base rate of 0.5% by the Bank of England to 1.5% on 8 January 2009 does not seem to have created any extra confidence for the UK economy - even though this is the lowest rate since 1694! Reports of major redundancies are now a daily news ...
The Prompt Payment Code
Feb 01, 2009; ... ICM and Government team up to launch a new code of practice. The ICM has recently developed a new code of practice to increase the speed with which large companies pay their smaller suppliers. The Prompt Payment Code (PPC) which has already received the support of such businesses ...
The ABI/ICM Trade Credit Insurance Award
Feb 01, 2009; ... Following the article in the October 2008 issue by Shaun Purrington, Chairman of the Trade Credit Committee of the Association of British Insurers (ABI) in the, we are proud to announce the launch of the ABI/ICM Trade Credit Award, comprising six topics at the heart of ...
Charging orders
Feb 01, 2009; ... Can we please have some balance? I've noticed two episodes of blatant charging order bashing in the general media recently. No doubt there have been other examples too, but these stuck in my eye because the bashing was being conducted by those trusted by the public to know better. While ...
The Councils' bank?
Feb 01, 2009; ... With the considerable problems that local authorities have experienced after the failure of a number of Icelandic Banks, the New Local Government Network has come up with an idea to create a UK banking system for county councils and local authorities in England. I recently contacted a ...
Avoid hiring that bad apple ...
Feb 01, 2009; ... The type of services provided and the information handled means many posts in the credit or finance department are highly sensitive. Personnel departments are used to avoiding the pitfalls of discrimination law in job interviews, but events amply demonstrate the need to safeguard the hiring ...
Improving collections
Feb 01, 2009; ... Using a more personal approach Chris Hancock, Managing Director of Gasbox, considers the need for a fresh approach for consumer collections. In the November 2008 issue of Credit Management, Jaywing's Adrian Lingard discussed the importance of optimising collection efforts, using ...
Trading experience
Feb 01, 2009; ... The key to better credit risk management Neil Ross and David Baker explain how AIG Trade Credit is using trading experience and new technology to provide its policy holders with credit limit certainty in an increasingly uncertain world. Much has already been written about the ...