The CICM partners with Red Flag Alert to help members mitigate risk and accelerate growth

The Chartered Institute of Credit Management (CICM) has partnered with Red Flag Alert, the UK’s leading insolvency risk scoring platform to offer valuable insights and content to CICM members, including economic forecasts, trend updates, downloads and ‘how to’ guides.

Red Flag Alert, the only independently owned UK credit referencing agency for businesses, has been helping clients use data insights to manage risk and achieve growth since 2004. Its powerful portfolio management tool allows businesses to monitor their customers and suppliers, by receiving email alerts on data events such as CCJs, Petitions, Accounts, and Directors, amongst 84 alerts which can be tailored to the needs of each business.

Additionally, Red Flag Alert uses advanced machine learning and AI technology data to provide businesses with information which they can use to deliver best-in-class sales, credit risk management and compliance services.

Sue Chapple, Chief Executive of the CICM said the partnership will help the Institute’s members navigate current economic challenges: “Through our new corporate partnership with Red Flag Alert, CICM members will have access to insightful and relevant data at their fingertips, enabling them to make informed decisions to grow their businesses while minimising financial risk.

“By enabling credit managers to perform their jobs more efficiently, I believe this partnership will help our members brace themselves for the economic storm that is brewing.”

Richard West, Managing Director of Red Flag Alert expressed his excitement at working with CICM, the largest professional credit management body in the world: “This partnership with the CICM is a testament to our growing commitment to improving the lives of credit managers, by providing them with actionable real-time data on more than 15 million businesses.

“With the ever-increasing economic uncertainty, the cost-of-living crisis and a recession on the horizon, our aim is to help arm SMEs with the tools and insights they need to help mitigate risk, and make informed business decisions.”