A personal guarantee, a legal commitment where an individual pledges to cover the business’s debts if the loan defaults, has become a significant tool in the credit industry.

AI and automation tools, like generative AI chatbots, have transformed business operations. ChatGPT, the AI-driven chatbot developed by OpenAI, is revolutionizing the industry with its user-friendly interface and unprecedented human-like responses.

Javier Milei, a self-described “anarcho-capitalist,” campaigned for the presidency on a platform that featured pledges to slash state spending, shrink the government, dismantle regulatory constraints on the private sector, and wage war against a corrupt political “caste” that had mismanaged Argentina into a seemingly endless series of economic crises.

Germany’s GDP growth expectations for 2024 are expected to grow only 0.1%, down from a previous estimate of 1.3% as the country is stuck in “tricky waters,” according to German Economy Minister Robert Habeck.

Job descriptions are brief written explanations that outline the responsibilities and requirements of a role. Crafting the right job description will help attract the most qualified candidate—and with millions of job listings on different websites, a well-crafted job description will help you stand out.

More credit managers are improving cash flow forecasting, a technique for estimating a business’s future cash movements. However, this wouldn’t be possible without collections forecasting.

After a very brief ‘shutdown’ in the wee hours of Saturday, March 23, Congress finally got its work done to fund the government. Neither Democrats nor Republicans were particularly pleased with the outcome; the hallmark of a successful compromise. Unfortunately for Speaker Mike Johnson, who currently has a one-vote majority in the House and a small but vocal faction of his Caucus that has threatened to oust him, this isn’t something he can just brush over.

Artificial intelligence (AI) has revolutionized the job market in recent years, spawning roles like data analysts, machine learning engineers and AI ethicists. To thrive in their positions, employees must exhibit a blend of both technical and soft skills.

Growing in your career means always striving for more. It means growing in your knowledge and skill set that will make you an asset for any company you work for. That is why NACM established the six-level Professional Certification Program for credit professionals to learn and sharpen their skills, further enhancing their credibility both in their company and their field.