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

Sidetrade becomes an ICM Corporate Partner

Press Release – 27 March 2014

Sidetrade, one of the UK’s largest Credit management software providers, has become the latest industry leader to join the Institute of Credit Management (ICM) as a new Corporate Partner, having already worked with the ICM on a range of initiatives over the last two years.

Launched in 2000, Sidetrade’s software is responsible for managing more than 34 million invoices, worth a total of £76 billion in business-to-business flows. With a clear understanding of how well credit managers are performing against that one all-important cash indicator, Sidetrade is in a ideal position to observe the ways that companies manage their financial relationships with customers.

With offices in London and Dublin, Sidetrade sees this partnership as an opportunity to work even more closely with UK Credit Managers and extend its activities in the UK market, as Rob Harvey MICM, Head of Solution Consulting at Sidetrade, explains: “Business is changing; new technologies are leading to new uses. We now provide a review of Account Receivables management that analyses the best strategies and new trends that I am sure will be of use to many members of the ICM.”

This initiative is aligned with TARGET25, Sidetrade’ strategic plan launched in 2013 which seeks to pursue an innovation-focused investment policy. This strategy is already on going with the launch of new solutions such as Digital Collaboration and AR Mobility App. These innovative developments, which are unique in the business-to-business credit sector, will have a catalyst effect to spread the ‘cash culture’ through all clients’ business functions (Sales, Operations, Administration).

Philip King, Chief Executive of the ICM says that he is delighted to formalise the ICM’s relationship with the business: “The Institute looks to work with best-in-class providers who can add value to our members through innovation and new ways of thinking,” he adds.

As part of its Corporate Partnership, Sidetrade will be presenting at a series of the ICM’s Technology Masterclasses in Leeds, Manchester and London. Full details available on the ICM’s website: www.icm.org.uk.

For more information about Sidetrade, please contact nodebt@sidetrade.com. For more information on the ICM’s Corporate Partnership scheme, interested companies can contact Peter Collinson, the ICM’s Director of Business Development and Marketing on 07584 993548.

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About

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 further press information, please contact:

Sean Feast or Alex Simmons

Gravity Public Relations

0207 330 8888

email mediaenquiries@icm.org.uk

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