D&B Credit: Maximize Insights from Credit Reports
From: Dun and Bradstreet You can have all the data in the world, but without analytics and insights, you won’t have much. As with data, the value of a credit report lies in the users’ ability to extract information from it, which can often be as difficult as reading a foreign language. Uncovering truth and […]
A “Good to Great” Credit Manager!
By: Patrick Spargur, ICCE Every year I worked as a credit and collections manager, my boss would send me a Goal Setting Form to complete. The form had two sections: one for me to list five personal goals for the new year, the other to list five departmental goals. My personal goals usually went something like this: Education: Take an NACM course(s) […]
President’s Message – 2017 NACM Northwest Foundation Annual Meeting
2017 Annual Meeting (FY2016) The NACM Northwest Foundation held its annual meeting on June 20, 2017, as required by law. Scholarships awarded in 2016 totaled $8,337 and the fund balance ended the year at $49,461. The Foundation recently received IRS approval to incorporate the Spokane based scholarship funds into the Foundation making any future donations […]
Congratulations On Your Oregon Judgment! Now What?
Often all a creditor wishes for is to get a judgment against a debtor. But be careful what you wish for – that judgment may be worth nothing more than the paper it is on. Often the real work does not begin until after you get your judgment, when the hunt for assets begins. Hopefully, […]
Member Spotlight – Julie Anderson
It is no small endeavor to be recognized and awarded an NACM National award! It takes strong commitment, dedication, encouragement, persistence, and perseverance. Just ask Julie A. Anderson, CBF, CCRA of Stoneway Electric, who was awarded the 2017 CBF Designation of Excellence Award at NACM National Credit Congress in Dallas this past month. We interviewed […]
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Standards and Best Practices for the Year 2020
The financial services industry has become increasingly concerned over payment data quality and the need for financial institutions to know with whom they are engaging and to ensure that transactions conform to a growing body of regulations. The year 2020 promises to be a benchmark year for those engaged in payment processing. In an effort […]
Company Changes Require Strong Relationships
Business relationships are important in any department, but perhaps more so for credit professionals, who come into contact with just about every other team in a company. Those relationships may become stressed when changes occur in a company, such as when a merger and acquisition (M&A) or joint venture (JV) is pursued. It is up […]
Economic Outlook 2017
By Dr. Chris Kuehl, PhD Managing Director – Armada Corporate Intelligence Thus it began – at least formally. What kind of economic growth does the Trump administration seek and how has that changed over that first 100 days? What kind of shape is the economy as he has settled in – as compared to what […]
The Chapter 11 Vendor Game Changer: Section 503(b)(9) Claims
Recent Article on the Nuts and Bolts of Section 503(b)(9) Claims in Chapter 11 Cases. David Conaway, Partner – Shumaker, Loop & Kendrick, LLP The so-called 20-day administrative priority claim (set forth in Section 503(b)(9) of the Bankruptcy Code) is perhaps the best remedy available to vendor creditors in Chapter 11 cases. In 2005, Congress […]