The Malta Association of Credit Management, known as MACM, is a members-owned, not-for-profit organisation, providing a central national organisation for the promotion and protection of all credit interests pertaining to Maltese businesses. Credit Management Information System Provider Creditors need reliable and up-to-date credit information pertaining to credit and cash flow management in order to analyse and continuously monitor the credit worthiness of their existing debtors and any potential credit applicants in a proactive manner.
MACM strives to meet the needs of its Members, Maltese businesses selling on credit, by providing effective and timely credit management information to ensure that it Members get the following benefits: • Minimising the risk associated with credit • Keeping credit management cost low • Avoiding bad debts • Being consistent in credit management decisions • Controlling of credit management processes • Monitoring Debtors on a daily basis • Increasing the performance of the credit management department or business function • Enhancing long-term customer relationship, thus improving customer retention • Identifying financially solvent prospects, turning credit risk into credit rewards • Maintaining sound cash flow • Sustaining profitability We are living in an era when Information is King and this applies also to the managing of credit.
Chatissa on kielletty: Chattailu on sallittua suomen ja ruotsin kielell julkisesti.
In addition, MACM is the accredited Training Centre of the Chartered Institute of Credit Management (UK) to offer credit management education programmes in Malta, leading to a Diploma in Credit Management. Lobby Group Various legislative issues were addressed by MACM and have been discussed with politicians from both sides of the Maltese political sphere and with other relative professional bodies, in order to promote changes to legislation and to lobby for adequate enforcement of such legislation accordingly.
The main scope of the lobbying activities is to ensure a healthier credit environment.
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