CM May 2020

ADVISORY COUNCIL ELECTIONS 2020
Elections 2020
VOTING IS NOW OPEN UNTIL 28 MAY 2020
The engaged and driven individuals within the CICM’s Advisory Council
reflect the fantastically diverse range of skills and experience amongst the
Institute’s membership.
Now is YOUR chance to vote and elect those members who you feel will
help continue to advance the important work of the CICM, bring valuable
expertise and knowledge to the table, and drive its strategy forward.
PLEASE USE YOUR VOTE
Eligible* members will have received their ballot information via email,
however if you have not, please contact Mi-Voice at support@mi-voice.com
or +44 (0)2380 763987, or email elections@cicm.com.
*Currently, eligible voters are fully paid-up members who hold the
professional letters of MCICM or FCICM
MANAGING CREDIT
IN A CRISIS
What should your focus be on now?
COVID-19 SUPPORT FOR BUSINESSES
The chancellor has set out a package of temporary, targeted and
timely measures to support public services, people and businesses
through this period of disruption caused by COVID-19
Visit www.gov.uk for guidance on:
• Sick Pay • Business Rates • Tax • Insurance
• Coronavirus Business Interruption Loan Scheme
GOODS AND SUPPLY CHAIN
• Do you and your customers have sufficient stock to continue
production and supply?
• Is the parent company located in a high risk geography?
• Is their product range changing?
• Are you in regular communication?
CASHFLOW
• Do invoices need to be sent to different locations during the current situation?
• Will payments be made from a different location?
• Do your customers have access to the cash needed to pay you?
• Have you reviewed your ledger and ensured collect on all invoices due now?
• Is exchange rate fluctuation a consideration?
• Do you have vulnerable customers?
PROCESSES AND CONTRACTS
• Review contractual Terms and Conditions in the current context.
• Does your Accounts Receivable/Accounts Payable process need to
change due to current restrictions?
• Are there any regulatory impacts to highlight?
PEOPLE AND ORGANISATION
• What are the staff and skills risks to your business
and what are your contingency plans?
THE CICM IS HERE TO
HELP WITH THESE ISSUES
Contact our Member Advice Service for support, answers and advice.
Join the CICM Managing Credit in a Crisis Forum on LinkedIn.
Visit our Managing Credit in a Crisis webpage for more resources.
We are developing more resources, advice and tools daily,
please keep in touch with us and join our community.
CICM is your professional body, use it. We are stronger in numbers.
Advancing the credit profession / www.cicm.com / May 2020 / PAGE 14