- Receive Credit Management Magazine, every month.
- Keep up to date in other ways, by email briefings and mailings, and gain access to an invaluable Members' Bulletin Board and Technical Advisory Service.
- Have access to all ICM services, usually at preferential or highly competitive rates.
- Enjoy a growing number of third party member benefits, for example reduced fees for membership of other bodies, discounts on credit-related products, and much more.
- Demonstrate to your employers and colleagues your own professional standing, and your commitment to personal development.
- Become part of an influential body, with the opportunity to add your voice to the views of the ICM.
- Link to a wide network of credit professionals and you have access to local branch activities.
Press Release - 14 June 2013
The Institute of Credit Management (ICM) and the Minister of State for Business and Enterprise Michael Fallon have published their monthly 'tip' for small businesses to better manage their cashflow.
"Credit insurance is worth considering if you're worried about your customers' financial viability and it can make finance more readily available because the risk of bad debts is reduced."
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 450,000 downloads.
For further information, log on to http://www.creditmanagement.org.uk/bisguides.htm
Press Release - 5 June 2013
Philip King, Chief Executive of the Institute of Credit Management (ICM), has welcomed the Insolvency Service (IS) plans to ensure that future complaints will be managed through a common Complaints Gateway hosted by the service in Leeds. Previously, complainants would have needed to work out which of the eight relevant authorising bodies to complain to.
Mr King, who was appointed Sector Champion of the Government's Red Tape Challenge initiative, also welcomed the initiative's other conclusions, especially the call for greater use of electronic communications, the streamlining of the process by which IPs report misconduct by directors, and allowing creditors to opt out of receiving further communications where they no longer have an interest in the insolvency.
Press Release - 14 May 2013
The Institute of Credit Management (ICM) has won a prestigious industry award for encouraging better payment behaviour and raising the profile of professional credit managers and the vital role they play in supporting the economic recovery.
Working with its external communications agency Gravity London, the ICM scooped the accolade of 'Best PR/Public Affairs Campaign' at this year's MemCom 2013 Awards that look to recognise professional membership organisations for excellence in communications.
The ICM was benchmarked against considerably larger bodies such as the ACCA and CIMA to win the top prize: "To be in the company of such organisations and be recognised as the best is a considerable achievement and shows how far we have come," says Chief Executive of the ICM, Philip King. "It is especially pleasing coming as it does only weeks after winning the PRCA Golden Hedgehog Award for the 'Best Financial PR Campaign of 2013."
Press Release - 8 May 2013
The Institute of Credit Management (ICM) and the Minister of State for Business and Enterprise Michael Fallon have published their monthly 'tip' for small businesses to better manage their cashflow.
"Your suppliers might be depending on their invoices being paid promptly. Don't threaten their survival by delaying payment."
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 450,000 downloads.
For further information, log on to http://www.creditmanagement.org.uk/bisguides.htm
Press Release - 3 May 2013
Figures from the Insolvency Service that show a fall in both company and individual failure are no cause for early celebration, says the Institute of Credit Management, nor confirmation that the UK is on its way to recovery.
Philip King - Chief Executive of the ICM - warns that looks can be deceptive: "Reductions in company liquidations and insolvencies are always welcome, and these latest statistics from the Insolvency Service (a decrease of 15% year on year for liquidations and a 27% reduction on other corporate insolvencies) appear to suggest an improving position, especially in the context of other indicators from purchasing managers, credit managers and the banks.
Press Release - 8 April 2013
The latest round of the ICM Credit Managers' Index (CMI - Q1 2013) has opened with opinions from credit managers being sought to help compile the most comprehensive study of how businesses are currently managing their cash.
The CMI is a diffusion index, producing 'scores' of between one and 100 (typically in a range of 40 - 60). Ten equally weighted factors are included - three favourable and seven unfavourable - and the index calculated on a simple average of the 10 factors. Credit Managers' views and statistics are sought on such issues as applications for credit through to days sales outstanding.
The latest CMI (Q4 2012) prompted nearly 1,000 responses from credit managers working in both the Manufacturing and Services sectors. The companies were broadly split by region, although slightly weighted to businesses in London and the southeast.
Philip King, Chief Executive of the ICM, says that the interest in the CMI is growing all of the time: "Credit managers, perhaps even moreso than purchasing managers, have information and opinion that provides a perfect snapshot of the health of the UK economy," he says.
"Taking part enables us to build an accurate picture of the state of the nation that in turn helps inform the help and advice we provide to members, other business organisations and Government."
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