Doing business may not be the easiest task, especially when the economic outlook is bleak and the economic indicators are unpredictable and instable due to various factors!
The purpose of the study is to collect evidence and provide inputs on a series of possible actions aimed at fostering the effectiveness of the Late Payment Directive (2011/7/EU).
The Payment Study, published with data up to 31 December 2021 is aimed at outlining the
international picture of payment practices, with particular focus to post COVID-19 scenario.
We know that trade credit insurance is an important service that our members offer around the world. Trade receivables are one of the largest components in most companies’ balance sheets. During difficult economic times, demand for the protection offered by ICISA members rises as expectation of counterparty defaults grows.
According to Intrum the delay IN payment in France has increased to 17 days in 2022 vs 11 in 2021; 83% of the french companies have accepted that to avoid a risk of bankruptcy . 77% to sustain their commercial relations with their providers. it's anticipated that the situation in Ukraine will worsen this delay.
This slideshow presents the broad overview of business performance in Poland in the light of SARS-Cov-2 pandemic and subsequent countrywide lockdown.
European countries are lifting corona virus containment measures and gradually returning back to the ‘new norms’ in doing business, all working and focusing on the economic recovery. But what does this mean and entail for businesses, especially the SMEs which are more vulnerable and are struggling to survive and recover from this deep economic crisis, with some of them experiencing complete shutdown of their business for a number of weeks? Are these businesses ready to adapt to the new real?
Education is the foundation of both professionalism and best practice in credit management, and the credit management qualification awarded by CICM is a world leader in the field.
Industry Survey Results conducted by MACM on Construction sector
This slideshow presents the broad overview of business performance in Poland in the light of SARS-Cov-2 pandemic and subsequent countrywide lockdown.
Industry Survey Results conducted by MACM on Automotive sector
AFDCC report on large measures delivered to support firms deaply touched by impact of Covid 19 in France
Industry Survey Results conducted by MACM on FMCG sector
The Covid-19 pandemic is not only unprecedented but it is having a huge impact on the global economy, with leading economists predicting more disruptions in the supply chain, remarkable shrinking economies in 2020, high rise in unemployment which would lead to social unrest, and financial future consequences of the unpredictable high budgets allocated to the NHS by every country in order to fight this virus, to name some few.
Do you have a Portuguese customer who is not paying your company invoice? The trading culture and regulations in Portugal differ from those you are used to, which often makes debt collection in Portugal complicated.
Here are some tips how to do that efficiently.
-
-
-
-
-
-
-
-
-
-
-
Although the European Union is harmonising legislation across EU member states and facilitating commerce and trade between its members, by means of Directives and Regulations, business practices still differ considerably between European countries.
On 23 June 2016 the British voted to leave the EU and the shock waves that came with that vote seemed to have calmed down quite a bit. Is this the proverbial silence before the storm or will the situation normalise? Since Theresa May has been appointed prime minister, Brexit seems to be off the political agenda. However, it probably is a matter of time before Brexit will hit the headlines again. The question is what will Brexit ultimately mean and in particular for credit managers. In this
inte
Questionnaire regarding payment practices in business