Encouraged by both his manager and mentor, Yaseen Owen, CBF, CCRA, area financial services manager at J.R. Simplot Company, decided to enroll in NACM and FCIB’s Professional Certification Program to earn his Business Credit Associate (CBA) and eventually, his Credit Business Fellow (CBF).

The United States grew at the fastest pace in two years from July to September last year, largely due to strong consumer spending. The nation’s gross domestic product rose at a 4.4% annual pace in the third quarter, according to the AP, up from 3.8% in the second quarter and outpacing initial projections.

Maickon Nunes Santana, CICP, regional director credit and collections at CMA CGM America LLC (Miami, FL), welcomed in the new year with renewed optimism after having earn his Certified International Credit Professional (CICP) designation the previous year, which strengthened his knowledge on global credit management and risk analysis. 

The Disadvantaged Business Enterprise (DBE) Program, a federal program that offers marginalized businesses a fair opportunity to compete and thrive in competitive business environments, is being overhauled by the federal government, leaving credit managers working with DBEs in unfamiliar territory.

The accounts receivable (AR) department is the engine that drives an organization’s cash flow, managing the money owed to the business. What constitutes a healthy or unhealthy receivables portfolio varies by company, industry and risk tolerance, and those differences directly influence how organizations assess exposure, prioritize collections efforts and determine when corrective action is needed.

Artificial intelligence (AI) is rapidly emerging as a powerful catalyst for growth, enabling organizations to innovate faster, operate more efficiently and unlock new opportunities across almost every part of business. As the expert system evolves, more credit professionals are looking to adapt, or at least explore, what it is capable of.

Located in Southeast Asia, Indonesia spans the waters between the Indian and Pacific Oceans. This archipelagic nation, known for its abundant natural resources and rich biodiversity, ranks as the world’s 17th-largest economy. Even in the face of global economic uncertainty, the country has maintained its strength in business and international commerce.

As remote work has become increasingly popular, credit departments are seeing more and more team members clocking in from different states or countries. Managing a team spread across the world can present unique challenges, but managers have found ways to remain deeply connected with their teams despite the distance dividing them.

Everything in life is a balance—an even distribution of weight that allows someone or something to remain upright and steady. Without balance, even the strongest structures falter. In credit management, the same principle applies.