Why is trade receivables management important?
Receivables are one of the key economic concepts and the category to be measured in the accounting system. Receivables belong to the group of assets very susceptible to impairment due to the constant risk of default by unreliable contractors. From the point of view of the company – the seller, trade credit is an important instrument in the struggle for a customer – the seller strives to achieve an increase in the number of customers, consolidate customer loyalty, increase market share and, as a result, maximize profits by offering attractive terms of settlement.
Trade credit is an important instrument in the struggle for a customer, and trade receivables are a significant part of the assets of each enterprise (usually around 30-40% of the total balance sheet)
Trade receivables are a significant part of every enterprise’s assets. They usually account for around 30-40% of the balance sheet total. Competent employees of the financial departments responsible for controlling trade credit are an indispensable part of the team of any enterprise. Their task is to prevent payment blockages – a challenge and a constant problem for many companies.
Competent employees of the financial departments responsible for controlling trade credit are an indispensable part of the team of any enterprise
Delays in payments by recipients very often mean that the enterprise – the creditor cannot meet its current obligations, loses financial liquidity. The Polish Institute of Credit Management (PICM) is a platform for exchanging experiences and gaining knowledge in the field of effective and wise trade credit risk management.
The Polish Institute Credit Management Foundation (PICM) is a platform for exchanging experience and gaining knowledge in the field of effective and wise trade credit risk management.
PICM transfers knowledge and creates opportunities that benefit both employees of finance departments with less and greater experience, in companies of all sizes and all industries.
PICM is part of FECMA, or the Federation of European Credit Management Associations (FECMA), which aims to promote best practices by creating a common platform for sharing knowledge and experience. Today, it is a network of around 50,000 Credit Managers community, including from Austria, Belgium, France, Germany, Italy, the Netherlands, Russia, Spain and Great Britain.
PICM is part of the FECMA. The goal of FECMA is to promote best practices by creating a common platform for sharing knowledge and experience for Credit Managers from all over Europe and the world
In September 2021, PICM was the organizer of the 4th European FECMA Congress.
Each employer has in mind to provide his employees with the development of the best current knowledge and the highest quality qualifications. To achieve this, an interesting training program is necessary, which at the same time will motivate to further development and also provide real added value for the company’s operations.
PICM offers a unique combination of full theoretical knowledge with an emphasis on practical application
The unique offer of the Polish Institute of Credit Management in the field of credit risk management in an enterprise is based on modern theory and the experience of the lecturers. PICM offers a unique combination of full theoretical knowledge with an emphasis on practical application.
What does PICM offer you?
Webinar is a type of online seminar conducted and implemented using webcast technology, which enables two-way communication between the meeting leader and participants, using virtual tools. PICM webinars are an excellent complement to traditional trainings and CREDIT CLUB PICM meetings, and their availability in the presentation “on request” means that participants have free access to the transmitted content and can play it any number of times. PICM webinars save time. Participants can choose the most convenient training time for them, which can also be attended by those who could not participate in the traditional CREDIT CLUB PICM meeting.
Cooperation with PICM
We are open to cooperation with companies, organizations or people who want to accomplish our mission and goals with us. We will gladly take patronage of the event whose subject is within the statutory purposes of PICM. We will establish cooperation with independent or institutional experts in credit risk management, receivables, financial analysis and business trainers.
If you are interested in cooperation, please contact: firstname.lastname@example.org.