Three months ago, the NACM Board of Directors proposed a comprehensive amendment to the bylaws of the national organization. At its meeting yesterday, the NACM Board voted to adopt the amendment. The final step in the amendment process is to provide 30 days for members to object to the Board’s actions. If no objections are raised, the amended bylaws will go into effect in mid-October.

Louisiana Governor Jeff Landry signed into effect two new laws reshaping payment protocol during construction projects and expanding on defenses afforded to sureties. The two laws grant sureties a new defense against nonpayment claims previously reserved for general contractors and detail a timeline for material suppliers sending notices for missed payments. 

Now that we have some details about each Presidential candidate’s economic plan, there are a few interesting finds. In some cases, the policies are not too different or are even the same. But on most issues, the approaches are wildly different, and with many of the 2017 Trump tax cuts expiring in 2025, next year will be pivotal in determining tax policy for the next five to ten years.

Communication methods for B2B credit managers have evolved significantly over the years. Traditionally reliant on face-to-face meetings and postal correspondence, credit managers now benefit from a range of digital tools such as email and online portals and text messages.

A professional certification from NACM can aid credit professionals as they familiarize themselves with this dynamic industry and hone the skills needed to thrive and advance in their field. By earning his Credit Business Associate (CBA), Yaseen Owen, CBA, credit analyst at J.R. Simplot Company (College Station, TX), has begun immersing himself in the credit world after transitioning over from a different part of the field.  

Nadina Anidawehi, CBA, full-service operations manager at Handle, Inc. (San Francisco, CA), recently earned her CBA to expand her knowledge, despite having years of experience in the credit industry with a focus on construction and some on real estate. “I felt that obtaining the CBA designation was a good way to broaden my understanding beyond just what I already knew about construction,” she said. 

🎙️On today’s episode of Extra Credit…Earning a designation from NACM’s Professional Certification Program is a powerful way to establish credibility and showcase expertise. However, the journey to certification can feel daunting, with numerous paths and options available.

Amidst the war in Ukraine, a worsening labor shortage and an economy reliant on the nation’s military mobilization, payment delays are on the rise in Russia prompting concern for credit managers entangled with businesses overseas. 

Learning isn’t easy; it demands careful planning, effective time management and a few sacrifices. However, the rewards are always worth the effort. NACM’s six-level Professional Certification Program helps credit professionals enhance their knowledge and skills, while also developing resilience and leadership abilities.