The 2019 Year in Review
2019 was a year of growth for NACM Commercial Services! We wanted to share this with you, our customers, which helped make this happen. We offered more classes and webinars, hosted the Western Credit Conference, created new Industry Groups and so much more. Thank you for your support! We couldn’t do any of it without […]
Clear Communication Between Creditors and Customers
“The art of communication is the language of leadership.” –James Humes, five-time presidential speechwriter Credit managers are the heroes on the frontlines to protect a company’s financial wellbeing. Whether assessing credit decisions or following up with customers on payment, credit managers lead their company into battle and one of their most versatile weapons is communication. […]
Dun & Bradstreet US Economic Health Tracker
Republished from D&B https://www.dnb.com/perspectives/analytics/us-business-economic-trends.html
Official Committees of Unsecured Creditors: Why You Should (Or Should Not) Serve
Written By: Jason B. Binford, Partner, Foley & Lardner LLP Over the course of the credit manager’s career, they will likely have opportunities to serve as a member of an official committee of unsecured creditors in a bankruptcy case. Any creditor representative presented with such an opportunity should carefully weigh the pros and cons. Committees […]
5 Risks You Need to Manage When Expanding Your Global Footprint
By: Jane Hay, Vice President, U.S. Bank Published: April 05, 2018 The global market is always changing, with new opportunities and challenges arising every day. Here are several of the major risk factors in international trade to consider. In the world of global trade, even the best-laid plans can go awry. I talk with clients […]
Patterns in Markets and Financial Statements to Be Mindful of When Making Risky Credit Decisions
By: Christie Citranglo, NACM editorial associate When working with customers, paying attention to the volatility of the current market can be a deciding factor when extending credit to a new or existing customer. Terms can be impacted by the state of the current economy, and customers may have complications in their industry due to bullish […]
When Technology Isn’t Enough: Personalizing the Creditor-Customer Relationship
Credit managers are seeing the profound effects of technology in their day-to-day operations. Software programs are conducting credit investigations, sending customers collection notices and even handling payments once they are received. In a job where efficiency is key, technology is certainly beneficial; however, credit professionals are finding there is one task technology cannot replace: personalizing […]
Why Contribute?
The main reason is without trade data, you would be missing a very important piece of information to assist you in making your credit decisions. Credit is a privilege. The decision to extend credit is based in part on current, factual information, which includes that payment history. Increase leverage with customers Reduce fraud Reward prompt […]
Will a Credit Freeze on my Personal Credit Report Affect my Small Business?
By: Experian Following some high-profile data breaches, consumers are being urged to monitor and lock or freeze their credit or place fraud alerts on their credit profile. For small business owners, there is currently no mechanism for freezing a business credit file, but there are options, like monitoring the business credit report or placing a […]
Pioneering OregonSaves
News for 2018: Pioneering OregonSaves retirement program opening for statewide enrollment, based on successful pilot phase From: OREGON STATE TREASURY – Tobias Read, State Treasurer Auto-IRA program meets a glaring need by providing a savings option for those who don’t have a qualified plan at work SALEM – OregonSaves, the nation’s first state-based retirement savings option for […]