Causeway Technologies

Webinar: Navigating Prompt Payments... and how technology can offer a helping hand

Understanding the Prompt Payment Code is vital if you run a construction business that works on public sector contracts.

The Prompt Payment Code was established in December 2008 and sets standards for payment practices between organisations of any size and their suppliers.
 
Because the code is entirely voluntary, businesses do not have to comply. That said, over 3,300 big UK buyers have signed up – including major construction firms, retailers, banks, public sector authorities, as well as a range of small and medium-sized businesses. 
 
Although the Prompt Payment Code is straightforward in theory, complying with the standard can be challenging in practice.
 
Join us as we chat to Philip King, former CEO of the Chartered Institute of Credit Management, and Chris Harrison, Business Manager at Hanson Contracting, as we navigate the Prompt Payment Code, look at the recent changes, and how technology can support your business. 
 

What's on the agenda?

The Prompt Payment Code is entirely voluntary and sets standards for payment practices between organisations of any size and their suppliers. In this webinar, we hear real-life examples about navigating Prompt Payment and discuss how technology can help.

  • What is the Prompt Payment Code?
  • What are the challenges?
  • Benefits to following Prompt Payment
  • How technology helps improve your payments process

Meet the speakers

Philip King, Ex Chief Executive of the Chartered Institute of Credit Management (CICM)

_TRMM_ Headshots

In a career spanning over 40 years, Philip has held senior credit management roles in the high-tech and communication sectors, in distribution and retail, including spells at Olivetti and Vodafone. More recently, he held the role of interim Small Business Commissioner for 17 months across 2020-2021 and, prior to that, was Chief Executive of the Chartered Institute of Credit Management (CICM) for 14 years, leading the  Institute to Chartered status in 2015. He authored the Managing Cashflow Guides (600,000+ downloads) for government, and was the architect of the Prompt Payment Code which the CICM administered on behalf of the Department for Business, Energy and Industrial Strategy (BEIS) until its administration was transferred to the Office of the Small Business Commissioner in 2020. He has worked closely with successive governments in championing best-practice credit management, eradicating late payment, and supporting small business.

 

Chris Harrison, Business Manager, Hanson Contracting

Chris Harrison_Hanson Headshot

Chris has been a part of Hanson's Contracting division for 15 years, which is a successful road surfacing contractor that works on a range of schemes, from laying asphalt on high-speed networks for National Highways to serving local authorities and Tier 1 subcontractors. Their primary responsibility is to gather, manage, and interpret business data, including commercial performance and operational KPIs, using digital innovations and reporting services.

 

 

Aaron Ferdinand, Enterprise Solutions Manager, Causeway Technologies 

Aaron2

Aaron has almost 15 years experience in the construction industry and has been with Causeway for 12 years. His extensive knowledge and experience has seen him work with some of the largest companies in construction to realise their digital transformation goals - Balfour Beatty, Kier, Morgan Sindall, Barratt Homes, Galliford Try, Wolseley, J Murphy, to name but a few.  Aaron has worked across a number of our solutions including e-Invoicing, Supply Chain Management, Commercial Management, and Digital Field Services.

 

Watch the recording of our webinar 

Watch On-Demand