Mechanic’s lien laws are the bedrock of the construction credit field, offering credit managers protection as they await payment during long projects. As credit managers work in multiple states, they will encounter two distinct types of liens: full price liens and unpaid balance liens. While both offer protection, it is critical that credit managers understand what type of lien they are filing.

The role of credit professionals has never been more important. Through various economic challenges and industry changes, credit teams have led initiatives, improved operations and made strategic decisions to mitigate risk.

With the global credit landscape always in flux, education is a critical tool for credit managers across the field. Earning a designation through one of NACM and FCIB’s Professional Certification Programs prepares credit professionals of all experience levels for the new, unique challenges that appear in the ever-shifting world of business credit.  

Bordered by Mexico, Guatemala and the Caribbean Sea, Belize has flourished, welcoming tourists from around the world. Though culturally and geographically attractive, the country’s modest economy is consistent with other small developing states.

Payment delinquency is a common but costly reality for credit professionals. Although cash flow issues are the primary cause of payment delays, sometimes the fault lies with internal inefficiencies on the servicing company’s end. Distinguishing between the two causes can help determine who is responsible for the delay and how to respond.

In a field as vast and dynamic as business credit, building a strong professional network is critical to staying afloat in an ever-changing industry. Career changes, whether it be a promotion to a new position or a new company, may present new challenges for credit professionals, but having a network of peers in the field to lean on can help them rise to new challenges.

Every credit manager knows bad debt all too well. Mounting bad debt can send ripples throughout a company, as quarterly targets are missed, budgets tighten and meaningful investments are delayed as cash flow cramps.

The journey towards earning a designation through one of NACM and FCIB’s Professional Certification Programs brings both challenges and moments of immense pride. While the course load may seem heavy at first, finding the connections between what is learned in the classroom and what skills are applied in your day-to-day work can bring about a newfound confidence. 

As the conflict between the United States and Iran intensifies, the United Arab Emirates (UAE)’s economy faces headwinds as core industries flounder. As the war intensifies, the market capitalization of Dubai and Abu Dhabi stock exchanges dropped $240 billion over the last month, according to Middle East Eye.