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Give your voice to the latest CICM UK Credit Managers’ Index PDF Print E-mail
Wednesday, 08 April 2015

The latest round of the CICM Credit Managers’ Index (CICM UK CMI) has opened seeking views from credit managers to learn how businesses are currently managing their cash.

The most recent index (Q4 2014) highlighted the need to improve risk management, and the better use of credit intelligence. It also saw the headline index fall for the first time in six quarters.

But whether the headline index is set on a permanent downward trend will be determined by new research: “Accurate assessment of the economy is dependent on the responses of credit managers across the UK, so we can gain valuable insight into credit managers’ experiences and process changes,” says Philip King, Chief Executive of the CICM.

“It only takes a couple of minutes, with end results benefiting a wide range of business organisations, government departments, and our members who are all able to take advantage from accurate information about the state of the UK 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 is calculated on a simple average of the ten factors. Credit Manager’s views and statistics are sought on such issues as applications for credit through to days sales outstanding.

(Source - CICM Press Release)
 

 

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