Month-end close, also known as financial close, is a protocol to maintain and finalize your company’s financial records for the month. Documentation, team reviews and reconciliation of all financial transactions in that time period are processed, which can be both tedious and time-consuming because of its importance.

The credit department aims to maximize safe sales, requiring tough decisions. Denying credit is a last resort but sometimes essential.

Leaving a legacy is about more than just the work accomplished—it’s about the values instilled, the relationships forged and the positive changes implemented. A legacy is a testament to a well-lived career and a blueprint for future success and inspiration. Join us in celebrating David Watson, CCE, a long-standing NACM member who retired this year after 12 dedicated years as a collector with NACM Southwest. 

The U.K. economy continues to defy gloomy expectations, albeit just barely. A monthly survey of economists conducted by the U.K. Treasury shows the average forecast for GDP growth over 2024 has gone up from 0.4% in January 2024 to 0.9% in July 2024.

Mechanic’s liens serve as a legal tool for both contractors and subcontractors. Their purpose is to establish security interest in a property’s title to ensure payment, so it is essential to be thorough when filing. One small mistake can cost you the right to enforce payment rights.

While startups often present exciting opportunities for growth and innovation, they also come with significant uncertainties. Unlike established businesses, startups typically lack a proven track record, stable cash flow and robust financial history, making the assessment of their creditworthiness a complicated challenge.

Great leaders can create impactful change, build sustainable relationships and leave a legacy of culture. But what happens when they leave?

NACM’s Credit Managers’ Index (CMI) deteriorated 1.6 points to 52.3 in July, suggesting growing economic risk. “The CMI is back to near non-recession lows,” said NACM Economist Amy Crews Cutts, Ph.D., CBE.

In today’s competitive world, attaining professional designations isn’t just about adding a line to your resume—it’s a journey of growth, commitment and transformation. Through NACM’s six-level Professional Certification Program, credit professionals have the opportunity to grow personally and professionally, while progressing in their career.