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Demystifying Payment Practice Legislation: Turning Compliance To Competitive Advantage With Philip King FCICM

Wednesday 17th October, 12:00 - 13:00 BST

Do you understand the impact of the latest 'Payment Practice' legislation and Prompt Payment Code on your business?

Despite 19 new payment initiatives since 2004, payment obligations remain a challenge across the construction industry. And with the top 20 contractors taking an average of 47 days to pay invoices (9 more than the UK average), the difficulties are evident.

But with this challenge comes a genuine opportunity: There are ways in which compliance and business effectiveness can run in parallel.

In this upcoming webinar, Philip King FCICM will explore this in detail, debunking common myths and rumours to demystify the impact of the new ‘Duty To Report on Payment Practice and Performance' legislation and the Prompt Payment Code on your business.

This webinar will also look at how digital processes can underpin compliance whilst also improving business efficiency, supply chain relations and competitive advantage.

You will be able to request a CPD Certificate at the end of the webinar. Please be aware that the name you sign up with will be printed on your certificate.

CPD Certified


  Agenda

  1. Introduction
  2. Demystifying the new payment practice legislation and Prompt Payment Code with Philip King FCICM
  3. Q&A session
  4. How to use digital processes to turn compliance into your competitive advantage
  5. Q&A session

  Presenters

Philip King FCICMPhilip King FCICM, Chief Executive of the Chartered Institute of Credit Management

As Chief Executive of the Chartered Institute of Credit Management, and Chair of the Compliance Board for the Prompt Payment Code, Philip has 30 years’ experience in credit management and actively promotes the importance of effective cashflow management across a number of industries.

He has been integral to fair payment for suppliers on public sector contracts, and continues to work with the government and private sector to drive change.

 

Tim ColeTim Cole, Causeway Digital Business Advocate

Described by Construction News and Construction Manager as ”The Construction Industry’s e-Envoy”, Tim has been an advocate for digital business for over 20 years. In addition to his responsibilities in Causeway, Tim is an Executive member of the European e-Invoice Service Providers Association (EESPA), leading their Interoperability activities.

He is also a member of the UK National e-Invoicing Forum (UKNEF) and, until recently, a Director of the Business Application Software Developers Association (BASDA). Tim is also the author of the recent article “Using e-Invoicing to Improve Payment Processing

 

Andrew WoolstoneAndrew Woolstone, Operations Lead and Solution Owner

Andrew Woolstone is an experienced IT professional with a passion for understanding customer requirements, then defining and delivering solutions to exceed expectations.

Within Causeway, Andrew has solution ownership responsibility for eTrading and Supply Chain Management solutions as well as working closely with customers to ensure that products meet and continue to deliver real business benefit.

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