It has been yet another busy week, starting with the award to Geopost of its QiCM accreditation, an accreditation that the team had to work hard to achieve. In these challenging times, when good credit management is needed more than ever, it is pleasing to see (and present the award to) a team that is so focused, so enthusiastic, so organised and so committed and - as a result - is delivering real value to the organisation.It has also been a week of much discussion, from the analysis of the ICM Technical Committee into the latest consultations and technical issues that affect credit professionals on a practical and day-to-day basis through to the round table with Bacs, agreeing - and disagreeing - about the issue of late payment and how it can best be addressed.
There was a similarly healthy debate at an event hosted by Hays where I was able to share my passion for all things 'credit management' with about 70 professionals eager to listen, discuss and share about issues that affect their everyday working together to create a single credit 'community'. I know I've said it before but this community is a really important element of what we do.
Finally I note that new figures suggest insolvencies and personal bankruptcies are falling - http://www.bbc.co.uk/news/business-11701334?utm_source=twitterfeed&utm_medium=twitter on the face of it this is good news, but I'm not changing my long held - and often stated - view that we're still in a lull before a horrible storm. I remain convinced we're going to see a surge in corporate insolvency, for a number of reasons including: the tightening up of the HMRC deferred payment scheme is going to leave businesses having to find cash; as the economy starts to recover, the need for cash is going to increase and, historically, insolvencies have always risen as we've come out of a recession; and lastly that the impact of the public sector cuts (as previously discussed here) is going to be far worse than many realise.
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