🎙️On today’s episode of Extra Credit…Year-end slowed or delayed payments have become common practice for businesses. Oftentimes, companies that operate seasonally or are facing tight economic conditions will hold off on non-essential payments, saving their credit debt for last. Many customers intentionally make late payments so they can report a stronger financial position at the end of each quarter or year.

One of the most important yet sometimes scary aspects of B2B credit management is business and credit law. Petrifying scenarios, like major clients filing for bankruptcy, can leave even the most seasoned credit professionals frozen in terror. By earning the Certified Business Fellow (CBF) designation through NACM’s six-level Professional Certification Program, credit professionals can stand fearless in the face of business and credit law. 

Earning one of NACM’s professional designations reflects not only a commitment to mastering the technical skills needed to thrive in the credit industry, but also a dedication to exhibiting best practices in an industry that is ever changing. For Whitney Styer, CCRA, assistant credit manager at Helena Agri-Enterprises, LLC, (Collierville, TN), earning her Credit Business Fellow (CBF) designation helped deepen her understanding of credit.  

NACM’s annual Credit Congress & Exposition is a chance for credit professionals from across the nation to grow their network, stay current on the latest industry trends and connect with others in their field. The various educational sessions and forums provide invaluable knowledge for long-term professional and personal growth.  

Balancing continued education, work and family can be a challenge, whether you have to pay extra attention to your schedule or spend a couple of late nights studying. But the balancing act will feel worthwhile when you earn your designation, a mark of your continued efforts to learn more about the credit industry and your dedication to advancing your career.  

In B2B credit, credit professionals must be prepared for the unexpected. Unforeseen challenges, like bankruptcy or natural disasters, can present significant hurdles. By pursuing designations through NACM’s six-level Professional Certification Program, credit professionals can build the skills needed to navigate these situations with confidence. 

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.  

🎙️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.