CICM

APRIL 5, 2022

You have been dealing with a customer that has now ceased to trade and they owe you money. You are then approached by the same directors who have setup a new company and this new company wants to trade with you. If you are being provided with information to continue trading with this new company, then does the information make sense?

Trade 40

Trade Creditors Credit Management 40

CICM

JULY 23, 2020

Are you prepared to increase credit limits? If you are Credit Insured have your insurers been reducing cover? How does this affect trading with your customer base? What timescales should you apply. Are you prepared to self-insure and take the risk yourselves to bridge the gap? Can the Government guarantee scheme help you?

Credit Management 52

Credit Management Collection Agencies Collections Agency Trade 52

NACM

OCTOBER 18, 2023

In the ever-changing atmosphere of credit management, credit professionals must be adaptable. Credit professionals can adapt by earning a designation through NACM's Professional Certification Program. After earning each designation, trade creditors are not only bu.

Credit Management 5

Credit Management Education Trade Creditors 5

On Guard

FEBRUARY 23, 2023

Perform pre-sales credit checks to determine whether all the accounts are up-to-date, if it is an established company, and if this is a customer you would like to take on. Establish clear terms of trading Be sure to clearly communicate your terms of trading from the onset of the relationship, and that payments must be made within these terms.

Trade 52

Trade Collection Agencies Collections Agency Credit Management 52

CICM

JUNE 9, 2021

Finance organizations need to have the right credit strategies and measures in place to protect their cash as good as they can in the eye of something that could become a perfect storm. How Insolvencies and Trade Disruptions Will Impact Credit Managers. Will goods be delayed? How Technology Can Help.

Credit Management 40

Credit Management Trade Creditors Collections 40

CICM

APRIL 2, 2020

And as we all know, without credit, there is no trade. Without professional credit management support, and a key focus on collecting money that’s already owed, businesses will still struggle to survive, regardless of how many lifelines are being thrown their way.

Credit Management 52

Credit Management Trade Government Collections 52

NACM

FEBRUARY 9, 2024

?️On today's episode of NACM's Extra Credit podcast. In the B2B credit industry, credit managers can also use scores to help gauge how much credit to extend and make credit decisions.⭐Hear ⭐Hear from Kristin Caswell, MBA; Nate Yagle, MBA; and David Escobar!#creditscore#creditrisk#creditmanager#ordertocash#b2bpayments#b2btrade#riskmanagement#crediteduc.

Trade 5

Trade Credit Management 5

On Guard

JUNE 20, 2023

There is also a growing appetite for risk management, driven by the high volatility of the market and new regulations impacting customer chains. The market for credit management software is expected to grow as awareness of the benefits of automation and specialised solutions increases. ” Els “Thanks a lot Adriaan.

Credit Management 52

Credit Management Trade 52

CICM

JUNE 29, 2023

This will make it more challenging for businesses to fund the credit period, mainly if they are offering trade credit on a ‘free’ interest basis. The post What does the credit industry predict for the second half of 2023? appeared first on Chartered Institute of Credit Management.

Lender 52

Lender Credit Management Trade Creditors 52

CICM

JANUARY 11, 2021

Not in any negative way, but more in the sense that we start this year with fewer surprises, and as an industry – and as professional credit managers – we are much better prepared, and more certain of our actions. In some ways it could so easily be a metaphor for 2020/2021. So don’t be backward in coming forward.

Credit Management 45

Credit Management Trade 45

Debt Recoveries

JUNE 11, 2023

Credit control is the process of overseeing and collecting payments that consumers or clients owe your company. Establishing credit terms, assessing creditworthiness, generating bills, and keeping track of past-due payments are all part of it.

Debt collector 52

Debt collector Creditworthiness Debt Recovery Trade 52

On Guard

NOVEMBER 5, 2020

He has 10+ years in the credit insurance industry and specialises in export for UK based businesses. Finlay has a wealth of experience in providing tailored solutions to more complex businesses and enjoys finding the solutions to support them for “safe trade”.

Credit Management 52

Credit Management Trade 52

On Guard

NOVEMBER 5, 2020

He has 10+ years in the credit insurance industry and specialises in export for UK based businesses. Finlay has a wealth of experience in providing tailored solutions to more complex businesses and enjoys finding the solutions to support them for “safe trade”.

Credit Management 52

Credit Management Trade 52

Credit Management Company

JULY 14, 2021

In addition, industry and trade associations plan to file friend of the court briefs in support of the collection agency’s position. To learn more about Credit Management Company and how we can help you understand these recent changes, contact us. The debt collector is petitioning for en banc review.

Collections 52

Collections Debt collector Collection Agencies Collections Agency 52

UK debt collections

MARCH 24, 2022

Lloyds Bank head of construction Max Jones said: “Slow and late payments can tie up vital funds for far longer than optimal, making it harder for construction businesses to take on new projects or react quickly to any sudden downturns in trading. “UK

Construction 83

Construction Banks Credit Management Debtor 83

UK debt collections

APRIL 16, 2021

Clear evidence that the pandemic is fuelling a continual problem that blights trade. The New data supplied from cloud-based credit management platform, Know-it highlights that late payments remain an ever-present challenge for business owners.

Credit Management 80

Credit Management Debtor Trade Collections 80

CICM

JULY 13, 2021

The Company Voluntary Arrangement (“CVA”), was a new insolvency procedure which was introduced by the Insolvency Act 1986 to provide a simple recovery procedure whereby the majority of a company’s creditors could agree a formal arrangement to compromise all creditors’ debts, thereby allowing the entity to continue trading. 0207 465 1932.

Creditors 40

Creditors Trade Credit Management Debtor 40

NACM

APRIL 24, 2024

The goal for B2B credit managers is to wisely offer credit to customers, minimize nonpayment risk and foster business relationships.

Credit Management 5

Credit Management Education Trade 5

CICM

MARCH 4, 2021

If the banks are taking on more risk as a result of this returned Crown preference because they are likely to get back less in an insolvency, we may start to find the costs of obtaining credit or borrowing money, increase. That in turn may lead to cash flow concerns for some customers. To listen to the recording, please click here.

Unsecured Creditor 40

Unsecured Creditor Creditors Credit Management Banks 40

CSA

OCTOBER 17, 2019

The Association has also developed strong partnerships with a range of Professional bodies including the Chartered Institute of Credit Management, the International Compliance Association, and The Chartered Trading Standards Institute, thus further demonstrating how it is developing skills within its own industry and beyond.?

Financial services 40

Financial services Credit Management Trade Government 40

NACM

JANUARY 12, 2024

On today's episode of the Extra Credit podcast. All credit management responsibilities stem from one essential skill—the ability to form strong relationships. Business relationships have many layers, all of which credit managers must master.

Credit Management 5

Credit Management Trade 5

CICM

OCTOBER 6, 2023

It allows for the business to continue trading whilst various restructuring options are explored, with the goal of preserving jobs, maximising creditor returns, and ensuring the company’s ongoing viability if possible. appeared first on Chartered Institute of Credit Management. The post What is Insolvency?

Creditors 52

Creditors Debtor Bankruptcy Credit Management 52

CICM

NOVEMBER 29, 2022

However, a petition may cause the following issues: It is likely to sever any potential future trade with the debtor. A guest blog by Menzies and Shoosmiths appeared first on Chartered Institute of Credit Management. Debt Claim. Letter Before Action. Petition for bankruptcy or winding up of a company. 44 (0) 3700 864 192.

Bankruptcy 40

Bankruptcy Banks Credit Management Debtor 40

Debt Recoveries

DECEMBER 14, 2020

If you are not able to pay your bills within their terms then you are trading whilst insolvent and this is illegal in most countries. Meet weekly with your bookkeeper, credit manager or accountant. Can you pay your bills as they fall due? Keep abreast of you current cash flow state of affairs.

Debt Recovery 98

Debt Recovery Collection Agent Debtor Collection Agencies 98

On Guard

MARCH 16, 2021

While a simple online search can reveal the credit history of a potential client, it’s much harder to assess the viability of a potential transaction using this level of data. Mitigating risk now hinges more greatly on the use of live dynamic data such as fraud analysis, trade payment data, CCJ or legal information.

Trade 52

Trade Credit Management 52

CICM

MAY 19, 2022

Nils Strachanowski, VP Product for Cash Application, discusses how humans and Artificial Intelligence can collaborate in Accounts Receivable Management to achieve the best possible results. Cash collection and allocation processes are more critical than ever in times of trade volatility and economic instability.

Accounts Receivables Management 52

Accounts Receivables Management Banks Credit Management Trade 52

On Guard

NOVEMBER 18, 2021

Organisations can set up credit that is repaid by self-executing smart contracts with customers when applied to credit management. This leads to establishing easier and more transparent trade, and providing a foundation for all types of transactions.

Credit Management 52

Credit Management Trade 52

CSA

SEPTEMBER 6, 2021

Credit Services Association (CSA) member company Lowell is one of Europe?s s largest credit management companies with a mission to ?make make credit work better for all? Phoebe Backhouse, Risk Analyst at Lowell and former CSA Level 3 Compliance Risk Officer apprentice, says: ?In

Trade 40

Trade Debt collector Collections Credit Management 40

Credit Management Company

AUGUST 9, 2022

The Federal Trade Commission (FTC) has established debt collection guidelines to protect consumers from predatory collections practices. Before you can collect on any debt, you need to validate the debt in accordance with the Fair Debt Collection Practices Act. Here’s what you need to know about debt validation. Why you need to validate debt.

Debt collector 52

Debt collector Debtor Fair Debt Collection Original Creditor 52

NACM

APRIL 19, 2023

More and more credit professionals are based in or working with customers overseas. In order to keep up with the pace, credit professionals must expand their knowledge of international trade. Scott Woitas, CBF, CICP, credit manager at Donaldson Company, Inc.

Credit Management 5

Credit Management Trade 5

NACM

JANUARY 25, 2023

As I enter my third week of the International Credit & Risk Management (ICRM) online course, I'm learning more about the nitty and gritty aspects of international trade. One of the newest topics I'm learning about is financial analysis, which is a challenging subject but necessary for successful credit management.

Credit Management 5

Credit Management Trade 5

Debt Recoveries

AUGUST 29, 2021

If you are not able to pay your bills within their terms, then you are trading whilst insolvent and this is illegal in most countries. . Discuss this weekly with your bookkeeper, credit manager or accountant. Make it known to debtors that delinquent matters will be referred to a debt recovery agent. . . Solvency .

Debtor 52

Debtor Debt Recovery Collection Agent Collection Agencies 52

CICM

MAY 6, 2021

In the UK, fraudsters have defrauded furlough schemes to claim for non -existent employees in non-trading businesses. The post Increasing debt and rising fraud – A guest blog by Menzies LLP appeared first on Chartered Institute of Credit Management. In the UK alone it is estimated that over £5 billion may be defrauded.

Creditors 40

Creditors Government Banks Loans 40

Debt Recoveries

MARCH 26, 2020

If you are not able to pay your bills within their terms, then you are trading whilst insolvent and this is illegal in most countries. Discuss this weekly with your bookkeeper, credit manager or accountant. Get your collection agent to conduct a credit report on potential clients. Can you pay your bills as they fall due?

Debt Recovery 52

Debt Recovery Debtor Collection Agent Collection Agencies 52

Better Credit Blog

APRIL 6, 2022

You could also complain to the Federal Trade Commission on the FTC’s site. Alternatives to Credit Repair. Although a good credit score can save you hundreds — and even thousands — of dollars in interest charges, some people simply don’t like the idea of paying for something they can do themselves. Debt Settlements.

Debt settlement 105

Debt settlement Creditors Credit Counselor Loans 105

On Guard

OCTOBER 1, 2021

An annual roadworthiness check reminder or a personal trade-in offer is something that benefits the customer directly. Credit managers and collectors monitor this and are ultimately responsible for getting the invoice paid, possibly by involving a collection agency. And if the invoice is not paid, the process doesn’t stop.

Manufacturing 52

Manufacturing Credit Management Collection Agencies Collections Agency 52

On Guard

MARCH 15, 2022

A dealer who sells passenger cars usually receives the sale amount after 23 days, while the trade in heavier commercial vehicles must wait no less than 40 days for payment. So be aware of the fact that credit insurance is not a panacea. Naturally, every credit manager wants customers to pay as quickly as possible.

Creditworthiness 52

Creditworthiness Collection Agencies Collections Agency Credit Management 52