eNews Archive

As a credit manager, you’ve likely grown accustomed to the everyday grind that your work brings: reviewing credit reports, determining credit limits and working with customers. While your day-to-day workload is vital to your company’s success, you may need to take a step back and think, who is going to take over when I leave my position?

The recent weather events remind us that natural disasters can have a significant impact on communities and businesses. In late September, Hurricane Helene touched down on northern Florida and caused major flooding in North Carolina and Georgia. It killed more than 230 people and resulted in roughly $225 billion in economic loss. Just last week, Hurricane Milton made landfall in Florida creating at least $160 billion in damage and economic loss.

While the outcome of the election, and which party is in control of the House, Senate and Presidency, is justifiably the main focus of the general public, for Washington insiders, there is a critical election coming up later in November that will have almost as much impact—who will replace Mitch McConnell as the next leader of the Senate GOP. Three Senators are actively running for the position: John Thune (SD), John Cornyn (TX) and Rick Scott (FL).

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. In 1983, Congress enacted the Disadvantaged Business Enterprise (DBE) program to help businesses owned by socially and economically disadvantaged individuals compete for federal contracts. Under the provision, at least 10% of funds for highway and transit federal assistance programs must go towards contracting DBEs. The preliminary injun…

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. Why it matters: AI streamlines financial statement analysis, freeing time for credit investigations and enhancing relationships with staff and customers. It reduces risk and empowers credit managers to make faster, more informed decisions. Yes, but: Even with AI…

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. Credit Congress will touch down in Cleveland, Ohio in May 2025 for the first time since 1948. The four-day convention will allow credit professionals to immerse themselves in all things credit, with a slew of workshops designed to hone your leaderships skills to an Expo Hall where you can explore all the newest tech. …

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. Why it matters: For those on the hunt for a new job, it’s important to consider various factors that may hinder the job search and identify strategies to improve their marketability in the job market. Last year, the labor market tightened after a period known as the “Great Resignation.” The trend was sparked by many factors including pandemic burnout, interest rate hik…

NACM’s Credit Managers’ Index (CMI) fell 0.4 points to 53.1 in September, showing expansion but at a weakening pace. “Hopefully this is indicative of the soft landing the Fed has been aiming for,” said NACM Economist Amy Crews Cutts, Ph.D., CBE.