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05 Mar 2013
BIGGER BUSINESSES are getting the message about paying up, believes Institute of Credit Management chief executive Philip King.
He cited the latest Prompt Payment Code figures, which now include 1,334 businesses signed up; including recent joiners Britvic, Paypoint and QinetiQ, plus the popularity of the ICM's own downloadable cashflow guide as evidence of a change in mindset.
Further reading
King said: "Political and media pressure have no doubt helped to bring the late payment debate out into the open.
"It should always be remembered that the code is not new ‘legislation', but rather a commitment to good practices. While highlighting those who fail to sign up to the code may indeed find popular support, much more can be gained by encouraging best practice and ensuring businesses have the information and tools they require to develop a mutually beneficial trading relationship."
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Briefings
If budgeting is to have any value at all, it needs a radical overhaul. In today's dynamic marketplace, budgeting can no longer serve as a company's only management system; it must integrate with and support dedicated strategy management systems, process improvement systems, and the like. In this paper, Professor Peter Horvath and Dr Ralf Sauter present what's wrong with the current approach to budgeting and how to fix it.
In this white paper CCH provide checklists to help accountants and finance professionals both in practice and in business examine these issues and make plans. Also includes a case study of a large commercial organisation working through the first year of mandatory iXBRL filing.
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
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