The recognised standard
in credit management
Established in 1939, the Institute of Credit Management is Europe's largest association for the credit management profession

Stand and deliver! A blog by Philip King FICM, Chief Executive

5 December 2013

My Executive Assistant, Tracy Carter, dragged me reluctant and screaming into the world of Twitter a year or three ago and, at the same time, insisted I should write a weekly blog. As is so often the case, and more often than I like to admit, she was right. Twitter has opened doors and created contacts to such an extent that I am now a huge advocate of its benefits. As for the blog, I’ll leave you to be the judge but I enjoy the debate and discussion it creates on LinkedIn and elsewhere.

Anyway, back to Tracy who has started a LinkedIn discussion on the ICM Credit Community group sharing her three Christmas/New Year wishes – you can find it here. It set me thinking about what mine are.

Firstly, and not a million miles from one of her wishes, I want to see credit professionals recognise themselves as belonging to a true profession of which they are proud. I visited a business this week where the Chief Executive said to the small Credit team: “You are the most important people in this business. Without you, we wouldn’t be here – cash is everything.” The ICM’s intention to petition for Chartered status is a statement of our intent to make a step change in the way credit management is perceived and we need those working in the sector to stand up and be recognised.

Secondly, I’d like to see businesses take a more responsible attitude towards their suppliers. Corporate responsibility isn’t just about wasting less energy and saving paper, it’s about treating suppliers fairly and helping to ensure they have a sustainable future. That includes paying them on time. The imminent BIS consultation on late payment needs to be a real catalyst in bringing about a change in culture from top to bottom of the supply chain through effective use of legislation, measures like the Prompt Payment Code, and encouraging the use of technology such as e-invoicing where it can be of benefit. We need government to stand up and deliver what business and the economy need.

Thirdly, in a year when the ICM goes through its governance elections I’d like to be bowled over by the number of candidates standing for election to our Advisory Council. We need a variety of skills, expertise and backgrounds to ensure we are truly representative of our broad church membership and there is no shortage of suitable candidates – we just need them to stand up and be counted.

So are these my only three wishes? No, I have many I could share but Tracy said three so three it has to be……for now!

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