2016 New Oregon Laws
New Year, New Laws, New Worries January 2016 From Rainmakers Government Strategies Paid Sick Leave Requires most employers in the state having 10 or more employees to implement […]
Four Key Objectives of Customer Visits
Customer visits can provide the credit department with significant and valuable information about a business and its operations. The credit professional receives a firsthand glimpse into the customer’s facilities, such as their inventory, condition of equipment, and location. Personal visits may also create and help build long-term relationships with the customer. On the flipside, a […]
10 Associated Elements in Financial Statements
Financial statements play an extremely important role in the day-to-day operations of a business. The balance sheet provides a snapshot of the company’s financial statement, while the statement of cash flows shows its operating expenses. It is vital for a credit professional to review and understand these documents. The credit manager should also be aware […]
Holiday Open House
We had a blast at the Holiday Open House a few weeks ago! Thank you for everyone who came to join the fun. We look forward to seeing everyone next year. Play the video below to see all the fun and excitement!
The Importance of Conducting Credit Investigations on Existing Accounts
Credit investigations on a customer don’t end once an application is approved and an account is established. Every company’s credit policy should include procedures for updating customer credit applications periodically, keeping in mind that certain specific events should trigger an immediate reevaluation. When to Investigate an Account It is recommended that credit applications be updated […]
Ten Habits of Highly Effective Managers
By Wes Friesen, CCE, Portland General Electric “Sow a thought and you reap an act; sow an act and you reap a habit; sow a habit and you reap a character; sow a character and you reap a destiny.” Right in the middle of the quotation above is the importance of our habits. A habit […]
The Efficacy Of Online/Electronic Credit Applications
By: Wanda Borges, Esq., Borges & Associates, LLC The diligent credit executive must be ever mindful of the multiple functions that can be performed by a well-drafted credit application. A credit application is not only a useful source of information for evaluating the prospect’s credit, but also provides a wealth of information that can be […]
Doing Business in the Middle East and Northern Africa
The Middle East and North Africa (MENA) region is notorious for its instability, yet this should not automatically eliminate the consideration of doing business there. In fact, opportunities for growth exist in these markets, if you and your company go in prepared. Assessments Take time to gather and assess available information about the prospective customer(s) […]
Go Ahead and Work Late: Your Phone Can Manage Your Life
By Beth Ziesenis, Your Nerdy Best Friend At the Western Region & CFDD National Conference in October, author Beth Ziesenis, will share secret tech weapons to increase productivity and organization at the office, but busy credit management professionals can start nerding out now to help manage the day-to-day tasks of home. This January, Beth, also […]
Points to Consider When Doing Business in Brazil
Brazil’s rise as one of the two or three most prolific emerging economies in the world at the beginning of the decade is nothing short of impressive. However, within five years it faltered despite being positioned as host of the World Cup 2014 and the Olympic Games in 2016. Brazil has always been a bit […]