Despite its improvements, Saudi Arabia’s economy still struggles—hindered by oil dependency, high youth unemployment, fiscal sustainability challenges and fluctuating oil revenues. However, itseconomic reform plans, particularly Vision 2030, have improved the quality of life for their citizens and residents by expanding opportunities for growth, fostering greater global integration and enhancing governmental efficiency.

In business-to-business (B2B) credit management, the sheer volume of data—from financials and payment histories to market trends—can overwhelm teams. Data automation and Robotic Process Automation (RPA) can transform these tasks, rapidly processing and analyzing critical information. By cutting down manual work, these tools enable faster, more accurate credit decisions while minimizing risk, making credit management smarter and more efficient. 

President Trump’s trade war is officially on. However, in an extraordinary reversal just hours after they were set to go into effect, the President delayed the implementation of extremely harsh reciprocal tariffs on over 60 countries. That leaves in place the April 4th 10% across-the-board tariffs but gives the world time to breathe and react.

Economic turmoil is straining cash flow for many businesses, while market instability continues to rise. In this climate, economic forecasts that provide perspectives into the health of the B2B world are increasingly valuable, as credit professionals rely on this information to anticipate and mitigate potential risks.

Earning a professional certification can be a transformative milestone in a credit professional’s career, opening doors to career growth and advancement. In recent years, hiring managers have increasingly valued certifications over traditional four-year college degrees. NACM and FCIB’s six-level Professional Certification Program helps both new and experienced credit professionals gain the practical knowledge and skillset needed to stand out and thrive in the B2B credit industry. 

The decision to pursue a designation through one of NACM and FCIB’s six Professional Certification Programs is a big one and the journey can be long, but the opportunity to refine your skills and grow professionally makes the big step worth it.  

Being a leader is hard but leading during stressful periods where internal or external stressors seem to add pressure to your credit team can be even harder. Whether your company is undergoing a merger that throws everyone’s day-to-day work through a loop or economic instability brings added stress to everyone’s days, workplace challenges can pop up at any moment. But what can leaders do to ease tensions and calm their credit teams?

As much as the European Union flounders under economic headwinds, Portugal’s economy reports strong growth, beating out previous forecasts. In 2024, Portugal’s economy expanded by 1.9%, beating out the expected growth by 0.1%, with forecasts predicting that the economy would grow by 2.1% in 2025.

In the construction industry, getting paid can often be a waiting game. Any disruption in the payment flow—from the general contractor to the material supplier—may lead to significant delays in both payment and the overall project timeline.