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Opinion
Calls mount for a breathing-space scheme
Second year’s series of webinars
Last month, the new Conservative government, under Theresa May, presented its first Queen’s Speech. Reflecting upon it, I would point out that household debt is high by historical standards and consumer borrowing continues to head towards levels not seen since the economic crisis. Millions of households are resorting
to credit as the only way to keep up with essential household bills. And millions more face the risk of falling into serious financial hardship in the future. Any further squeeze on household finances could have serious consequences. Dealing with problem debt needs to become a priority for the new government. There is cross-party support for the introduction of a ‘Breathing Space’ scheme that would give individuals and families better protections and a safer way to get back onto a firmer financial footing. While we are disappointed that these
proposals were not referenced in the Queen’s Speech, we remain hopeful that such a scheme will be implemented as soon as possible to help prevent those who need it the most from falling further into a downward spiral of increasing debt. We will continue to work alongside the
government to make the scheme a reality.
Mike O’Connor Chief executive, StepChange Debt Charity
Commercial credit management, accounts receivable, and collections professionals are, once again, invited to listen in to a new range of webinars focusing on cash collections, after CCRMagazine reached an agreement to continue their popular range of learning opportunities for a second year. Bottomline Technologies produced four
highly successful webinars over the past year, and will be doing the same over the coming period. Last year, webinars covered key issues such as how to lower DSO, gain further visibility to cash at risk, improve cashflow, and reduce direct-debit rejections. “In-depth analysis gave credit professionals
tools and best-practice strategies to harness accounts receivable insights, including advice on identifying cash at risk; getting paid quicker by reducing your DSO; uncovering insights, data and trends to help drive financial decisions; monitoring and improving document deliverability; resolving disputes more efficiently, and how to successfully on-board new customers..
Stephen Kiely, editor of CCRMagazine,
said: “We are very excited to be working with Bottomline again on a fresh set of informative webinars for the credit and collections industry. “They have proven themselves to be
a thoroughly modern and approachable way for senior professionals to access the information that they need to put together their strategies and to develop their thinking. “So we are really pleased to be working
with Bottomline on what looks certain to be another series of important insights, with opportunities for knowledge sharing, and practical, useful advice.” The news comes as CCR2, this month,
looks into the subject of technology. Mr Kiely added: “We all know how important technology is in today’s business world – every day I speak with creditors and collectors who are either working on a major new technology project, or trying to persuade senior management to invest in their future system. “Technology is at the very heart of the
industry, allowing for increased engagement, compliance, and efficiency, and so we are proud to bring our readers the information that you need.”
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www.CCRMagazine.co.uk
July 2017
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