For those new to the B2B credit industry, earning one of NACM’s professional designations can be a big step. For Rachel Homer, credit assistant at Hajoca Corporation (Salt Lake City, UT), earning her Credit Business Associate designation helped her transition into the credit profession.  

When Prime Minister Fumio Kishida took office in October 2021, he promised to rebuild Japan’s economy through a strategy he dubbed, “New Capitalism.” Kishida would quickly change course on his economic plan, which included redistribution at its core in an effort to reduce social inequities. As he stepped down three years later, the changes he brought to the economy seem to pale in comparison to this outsized promise.

🎙️On today’s episode of Extra Credit…When you’re at work, it feels like there is nothing scarier than getting called into the boss’s office. Whether it’s a performance review or notes on a recent project, getting feedback can be tough. For many supervisors, it’s just as hard to give this feedback as it is for employees to receive.

A federal judge in Kentucky partially blocked the Disadvantaged Business Enterprise program, a decades-old Department of Transportation program that aims to grant women- and minority-owned businesses equal footing when bidding on government contracts.

Financial statement analysis has traditionally been a labor-intensive task for credit managers, involving extensive manual review of documents to assess creditworthiness. However, artificial intelligence (AI) can transform this process by automating data analysis, improving accuracy and delivering real-time insights.

NACM’s annual Credit Congress & Exposition gathers credit professionals far and wide across the nation for networking, educational seminars and forums with information about the latest changes in the credit world. It’s more than just a conference—it is an experience.

This year’s slowed job market presents numerous challenges for job seekers. With evolving industry demands, technological advancements and economic shifts, finding the perfect job has become increasingly difficult.

Christine Billings, CCE, CCRA, assistant credit manager at Helena Agri-Enterprises, LLC (Collierville, TN), said that earning the Certified Credit Executive (CCE) designation was a personal goal of hers for the past two years. “It demonstrates to myself and my company that I am committed to becoming as well versed as possible in the credit industry,” she said.  

The Federal Reserve cut interest rates by half a point in September, the first cut since 2020. The Federal interest rate sits between 4.75% and 5%, hopefully mitigating the effects of high inflation and offering individuals and businesses a bit of relief. Despite this recent cut, the interest rate is nearly double the pre-pandemic rate.