As of today Avnet UK is the first distributor in the UK to boast the Quality in Credit Management Accreditation (QICM) from the Institute of Credit Management, Europe’s largest association for the credit management profession.
The award recognizes outfits that exhibit an outstanding commitment to quality and best practices in all things credit. Since Avnet’s partners range from OEMs, VARs, software vendors and system integrators to consultancy service organisations, good credit management is crucial for Avnet’s corporate strategy. The company applied for QICM accreditation two years ago.
“We are constantly striving for operational excellence. The QICM accreditation recognises the high quality of our credit department and is validation that Avnet’s credit processes are the best in the industry.” said Darren Maynard, Head of Credit at Avnet Technology Solutions UK Credit is a key sales enabler in the IT channel and it is important to Avnet that its business partners have complete confidence in the credit support they receive.”
Gaining QICM accreditation was quite tough, as Avnet had to undergo a two-day assessment of its credit and collections processes and documentation, which was practically an external audit carried out by ICM’s assessors.