As technology continuously reshapes the business-to-business credit field, the risk landscape transforms as fraudsters manipulate newer technology to attack businesses. With artificial intelligence becoming more advanced, credit managers are raising their defenses against synthetic fraud as it takes on new forms each day.

Lien laws provide a means for subcontractors, general contractors and suppliers to protect their payment for the work they’ve furnished to job sites. Understanding each state’s unique laws for notice requirements and liens is the best way to secure payment and protect your business.

Extending credit is, in many ways, a calculated risk. You’re relying on your customer’s ability and willingness to pay on time, if at all. But smart credit professionals don’t move forward without clarity. By analyzing a customer’s financials, they get a clearer view of the hand they’re being dealt to make more informed credit decisions. But what happens if a customer refuses to share financials?

Turkey’s economy faced significant headwinds last year due to weakened demand, high interest rates, rising inflation and tighter government policies. Despite unstable market conditions in March, the country appears to be on the path to recovery, largely driven by private consumption.

To help professionals succeed in this demanding field, NACM and FCIB’s Professional Certification Program offers a structured path to develop core competencies. With six designations available, the program provides the knowledge base and tools necessary for long-term success in credit management. 

Certain credit practices are grounded in the roots of the profession, unchanging in a dynamic field where change is constant. Documentation is one of these habits, with thorough records of even the simplest day-to-day credit decisions protecting credit departments from risk down the line. 

The Senate introduced an amendment to raise the debt limit for Subchapter V bankruptcy filings from $3 million to $7.5 million. Subchapter V of Chapter 11 of the U.S. Bankruptcy Code offers small businesses an alternative to filing for a traditional bankruptcy that is more expedited and cost-efficient but shifts some of these burdens onto credit managers. 

Picture this: a scout leader perched at a mountaintop, shouting directions through a megaphone. The team reaches the summit quickly, but they’re exhausted, disoriented and less prepared for the next climb.  

For many credit professionals, NACM and FCIB’s Professional Certification Programs help form a bedrock of knowledge that assists them in their day-to-day work. Whether navigating a tricky conversation with a customer or setting firm standards for extending credit, knowledge gleaned from professional certification courses shines through.