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.
Credit Congress Recap Video
Experian Spring Beyond The Trends Report
by Experian – Gary Stockton If the current economic cycle has you craving more insight into the small business sector you have come to the right place. We are delighted to release the Spring 2023 Beyond The Trends report. This release finds credit markets remaining largely open across risk tiers, but small business lenders will […]
Construction Liens and Tribal Lands: How To Safeguard Yourself Against Non-Payment
Written By: Jason W. Alexander and Paxton L. Deuel from Sussman Shank LLP If you are a contractor who performs work on tribal lands, you may wonder whether you can claim a construction lien if you are not paid. A construction lien secures your right to payment by the lien “attaching” to the property where […]
Streamline Your Accounts Payable Operations
Written By: Mark Tapia, United TranzActions In the fast-paced world of business, efficiency and control are crucial to a company’s success. Accounts Payable (A/P) operations are a vital part of any organization, but it can often be a time-consuming and manual process that can hinder business growth. That’s why United TranzActions’ (UTA) NextGen A/P solution […]
Prepare for Increased Commercial Bankruptcies
Jamilex Gotay, editorial associate Bankruptcies are on the rise again, a trend tracing back to December of last year. Most notably for trade credit professionals, year-over-year commercial filings were up 24%. Chapter 11 cases (including Subchapter V) surged 79% compared to March 2022. Of the total commercial Chapter 11 filings, the 140 Subchapter V filings […]
Checklist: Integrating A/R Data Throughout Your Finance System
Allowing valuable accounts receivable (A/R) insights to live in data silos is a business risk. This checklist reveals key benefits of integrating customer account and payment data into three key financial operations platforms. Contact NACM Commercial Services and your Account Executive for more information. Contact us at: www.nacmcs.org – customerservice@nacmcs.org – 800.622.6985