Imagine a stretch of land where financial institutions are as elusive as an oasis in the desert—that’s a banking desert, an area devoid of bank branches.

Cybersecurity has emerged as a critical component of credit management, earning its place as the unofficial sixth ‘C’ in the traditional five Cs of credit (Character, Capacity, Capital, Conditions and Collateral). As businesses increasingly rely on digital platforms for transactions, data storage and communication, the risk of cyber threats has escalated, making it essential for credit professionals to prioritize cybersecurity in their risk assessments.

The B2B automation market, once dominated by a few key players, is now saturated by hundreds of service providers. This makes finding the right automation vendor much more challenging.

Securing a professional designation in credit management not only enhances your expertise but also significantly enriches your career, opening doors to new opportunities and greater recognition in the field. The Certified Business Fellow (CBF) designation, earned after the CBA, is one of the six levels of NACM’s Professional Certification Program. It highlights advanced knowledge and contributions in business credit and demonstrates expertise in business and credit law. 

One of credit professionals’ biggest strengths is the ability to adapt in any situation. This strength translates to multiple avenues in life, especially when it comes to learning something new. NACM’s Professional Certification Program gives credit professionals the opportunity to challenge themselves by learning multiple subjects and different aspects of credit. 

🎙️On today’s episode of Extra Credit, climate change is increasing the frequency and intensity of severe weather events and natural disasters around the world. 

Global supply chains are a key source of economic stimulation with the ability to generate billions of dollars in global markets. The purpose of supply chains is to improve efficiency, reduce costs and increase revenue through competitive advantage. However, the entire system of supply chains is contingent on consistency—so what happens when there is a disruption?

What a rollercoaster. Now that we have a new Democratic nominee for the presidential race, along with both vice president picks, we’re expecting to see the race to settle a bit over the next few weeks. Congress will come back from the August recess in mid-September to pass a government funding bill, most likely a Continuing Resolution, either through December or early next year, just to get through the election.

Artificial Intelligence (AI) is transforming the construction industry by revolutionizing how projects are designed, managed and executed. Through advanced machine learning, data analytics and automation, AI enhances efficiency, reduces costs and improves safety on job sites.