ICM and BIS monthly cashflow ‘tip’ to small businesses
Press Release – 11 June 2014
The Institute of Credit Management (ICM) and Matthew Hancock MP, Minister of State for Skills and Enterprise, have published their monthly ‘tip’ for small businesses to better manage their cashflow.
“Don’t assume your customer can, or will, pay you on time. Obtain a credit reference agency report to assess their creditworthiness and find out how they pay other suppliers before agreeing payment terms.”
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 500,000 downloads.
For further information, visit: http://www.icm.org.uk/resources/cashflow-guides/
The Institute of Credit Management (ICM) is Europe’s largest credit management organisation, and the second largest globally. The trusted leader in expertise for all credit matters, it represents the profession across trade, consumer and export credit, and all credit-related services. Formed over 70 years ago, it is the only such organisation accredited by Ofqual and it offers a comprehensive range of services and bespoke solutions for the credit professional as well as services and advice for the wider business community, including the acclaimed ICM/BIS Managing Cashflow Guides (www.icm.org.uk).
For news, views and updates, follow the ICM on Twitter at www.twitter.com/ICMorg.
For further press information, please contact:
Sean Feast or Alex Simmons
Gravity Public Relations
0207 330 8888