Credit Managers invited to have their say in the latest Credit Managers' Index
The latest round of the ICM Credit Managers’ Index (ICM CMI) has opened seeking views from credit managers to help compile the most comprehensive study of the credit industry and how businesses are currently managing their cash.
The most recent Index (Q1 2014) of professionals working in both the Manufacturing and Services sectors showed that the speed with which businesses were collecting their cash had improved and that confidence overall was beginning to grow.
But whether this picture has changed will be determined by new research: “It’s essential that credit managers participate so we can gain an up-to-date insight into credit managers’ views,” says Philip King, Chief Executive of the ICM.
“It only takes a couple of minutes, but with enough responses our members, business organisations and Government departments can all benefit from important information on the state of our economy.”
The CMI is a diffusion index, producing ‘scores’ of between one and 100 (typically in a range of 40 – 60). Ten equally weighted factors are included – three favourable and seven unfavourable – and the index calculated on a simple average of the 10 factors. Credit Managers’ views and statistics are sought on such issues as applications for credit through to days sales outstanding.
Link to online survey - https://www.surveymonkey.com/s/82QDNQD