News Article

Credit Management

Your chance to speak up in the latest CICM Credit Managers' Index

By CreditMan Tuesday, January 13, 2015

The latest round of the CICM Credit Managers’ Index (CICM UK 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 (Q3 2014) of professionals working in both the Manufacturing and Services sectors highlighted the growing pace of confidence, shown through the increased rate in which businesses were collecting their cash. But there were signs of problems ahead.

New information is always essential for the CICM’s ability to report accurately, and produce the most dependable analysis: “Gaining up-to-date analysis on credit managers’ insight of their experience in how tough it is to collect outstanding debts is crucial for accurately determining the state of the UK economy,” Phillip King, Chief Executive of the CICM says.

“With our members, business organisations and government departments able to benefit from this information on the state of the UK economy, it is important that many take the survey; After all, it takes just a few minutes.”

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 –