Designations: Value Beyond the Letters
Kendall Payton, editorial associate, NACM Business leaders should invest in training for employees of all levels in all departments. For the quickly changing profession of trade credit management, proper training is even more crucial. Designations allow new credit professionals to establish themselves as credible in the industry while helping experienced credit managers advance their careers […]
Congratulations New Designees Earned in July
Congratulations to these members on their new CBA & CBF designations. Are you interested in education and getting a designation? Check out this guide on the certification program. If you have any questions, contact Shawna Axness. CBA:• Billy Rose, CBA – Zarsky Lumber Company LLC• Marcela Rolon, CBA – RCP Block & Brick Inc• Justin […]
Did You Know – Construction Bonds
In the construction trade, there are various types of bonds. We’ll talk about the 3 most common bonds. Performance Bond: This is a bond posted by the general contractor for assurances by the property owner that the general contract is completed on time and on budget. Performance bonds are more common on public construction projects […]
Bankruptcies are on the Rise: How Trade Credit Insurance can help Businesses Navigate Uncertain Times
Written by: James Tiarks, Managing Director, Meridian Finance Group Bankruptcy Trends2023 has been a challenging year for many US businesses as they face the combined effects of rising interest rates, geopolitical tensions, inflation, fluctuating currencies, and changing consumer preferences. According to statistics released by the Administrative Office of the U.S. Courts, business bankruptcy filings rose […]
Experian Small Business Impacts
Executive Summary U.S. Economic and Regulatory Highlights August unemployment increased to 3.8% from 3.5% in July and is the highest since February 2022. (Source: Bureau of Labor Statistics) Low unemployment continued to drive wages up with August wages reaching $29 per hour. (Source: Bureau of Labor Statistics) The U.S. economy added 187K jobs in August, […]
Washington SBA – International Trade
Getting Back on Track Through Exporting Spokane Seminar Event Details: Live (In-Person) – There will be no virtual access or recording of the event. Who should attend: Small and medium-sized businesses who currently export or are interested in learning about exporting Date and Time: Tuesday, September 12, 2023 – From: 1:00 PM – To: 5:00 […]
Bust-Outs on the Rise: What You Can Do to Protect Your Credit Sales
Written By: Scott Blakeley, Esq. – Blakeley LLP Recently The Wall Street Journal (WSJ) featured the article, “Bust-Out Swindlers Appear to Be Busting Out All Over.” The article states that bust-out schemes have risen by between 30% and 50% in five years, reaching all-time highs in the past year. The WSJ article also discusses how […]
Navigating Volatility: Mitigating Financial Risk Amid Fluctuating Supply Chain Costs
Article provided by our Preferred Partner Handle.com Ever since COVID-19 disrupted the global economy, the construction industry has been grappling with the volatility of supply chains. Persistent challenges, such as inflation, high input costs, and rising interest rates, prevent prices for essential equipment and materials from stabilizing. These issues pose significant threats to small businesses […]
You Are an Economic Fortune Teller
Jamilex Gotay, editorial associate, NACM Credit managers have a special skill that no other professional has—the ability to predict the future. But it’s not based on magic. Credit professionals are involved in nearly every step of the order-to-cash process, which means they have a deep understanding of what is driving business and customer behavior. They […]
CFDD Publicity Award and CFDD Program Award
Congratulations to the CFDD Portland Chapter for their award from the National Association of Credit Management at Credit Congress. They won CFDD Publicity Award and CFDD Program Award.