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Oct 10, 2024
eNews
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…

Oct 10, 2024
eNews
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. …

Oct 10, 2024
eNews
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…

Oct 3, 2024
eNews
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.

Oct 3, 2024
eNews
As the chilly season of ghouls, ghosts and gore begins, we’re reminded of one of the scariest scenarios plaguing credit managers; the curse of cash flow problems. Whether the issue is seasonal for you or only pops up every once in a while, cash flow issues can trouble even the most experienced credit professionals, regardless of whether it is your company or your customer experiencing the slowdown. 

Oct 3, 2024
eNews
On Tuesday, about 45,000 port workers went on strike after their contract expired, following unsuccessful last-minute negotiations between the International Longshoremen’s Association and the U.S. Maritime Alliance, which represents port operators and container carriers. The daily economic cost could be anywhere from $540 million to upwards of $4 billion.

Oct 3, 2024
eNews
Hurricane Helene, a Category 4 storm that tore through the Southeast of the United States last week, has left more than 160 people dead and is estimated to cost the country as much as $34 billion, according to Moody’s Analytics.