Find out more about credit management and control with our selection of articles and guides to help you identify best practice, techniques and tools to apply to your business.
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- Online articles
- Useful links
- Articles and books in the Library
Credit management balancing act
David Fisher considers the role of credit managers in maximising risk and reward - in his view, achieving zero bad debts is not something for commercial credit management teams should aspire to. Rather than turning down all high risk deals, assess supporting those which offer a sufficiently high reward.
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Credit control catch up
A six-part series from AccountingWeb on the essentials of the credit control function.
The Library provides full text access to a selection of key business and reference eBooks from leading publishers. eBooks are available to logged-in ICAEW members, ACA students and other entitled users. If you are unable to access an eBook, please see our Help and support advice or contact firstname.lastname@example.org.
Intelligent credit scoring : building and implementing better credit risk scorecards.
This book presents a business-oriented process for the development and implementation of risk prediction scorecards. Credit scoring is now a very common tool used by banks, Telcos, and others around the world for loan origination, decisioning, credit limit management, collections management, cross selling, and many other decisions.
individual publishers. Please see individual
Article reporting on credit management's request to the CICM Think Tank and the wider credit community about the Corporate Social Responsibility (CSR) and its relevance to today's business environment. Topics include the importance of the Corporate Social Responsibility in the engagement of staff.
Free up cash
Renita Wolf covers best practices to help your company manage working capital effectively.
David Fisher considers the role of credit managers in maximising risk and reward - in his view, achieving zero bad debts is not something commercial credit management teams should aspire to.
Asset Based Finance Association (ABFA)
UK based trade association for businesses providing "factoring, invoice discounting and asset based lending". The website provides industry news, quarterly statistics covering the UK and Irish markets and a list of training courses.
Get paid! A guide for owners and managers of small businesses
GOV.UK guide from 2012. Contains tips and advice for small businesses from both suppliers and customers.
Hays Accountancy & Finance Salary Guide
Includes hiring trends over the past 12 months as well as pay bands in credit management. Requires free registration to download.
Chartered Institute of Credit Management
UK association for the credit management profession. Produces a quarterly ICM Credit Managers’ Index which provides a detailed insight into the attitudes and confidence of UK credit managers.
Atom Content Marketing guides
- Credit control
Setting up an effective credit control system is vital when it comes to optimising cash flow and avoiding bad debts.
- Debt recovery
Most businesses experience some problems getting paid on time by their customers. Good credit control helps to prevent this becoming a serious problem.
- Interest on late payments
Late payments create cash flow problems and can increase the risk that you will not be paid at all. Using your legal right to claim interest from late-paying customers can encourage customers to pay on time.
- Factoring and invoices discounting
Factoring allows you to raise finance based on the value of your outstanding invoices. Growing businesses, in particular, often find that factoring is a more flexible source of working capital than overdrafts or loans.
- Managing your cashflow
Effective cash flow management is vital to ensure that your business has the funding needed to keep trading and make the most of opportunities to grow. A business can survive for a short time without sales or profits, but not without cash.
- Managing your creditors
You rely on good relations with creditors for the smooth operation of your business. Suppliers (trade creditors), the bank, and statutory bodies such as HM Revenue & Customs (HMRC) all affect the cash flow of most businesses.
Articles and books in the Library collection
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