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Dec 12, 2024
Anyone can benefit greatly from joining an association, yet 56% of associations admit they have trouble engaging young professionals, according to Naylor’s Association Communications Benchmarking Survey. However, many factors that millennials and Gen Z value most—such as networking, collaboration and educational opportunities—are abundantly available through associations.

Dec 5, 2024
eNews
Among the core responsibilities of a credit professional is the credit approval process, enabling a business to assess a customer’s creditworthiness, minimize the risk of bad debt and make informed decisions about extending credit. For larger credit requests or riskier customers, the decision may need to be reviewed by senior management or a credit committee to ensure alignment with the company’s risk tolerance.

Dec 5, 2024
eNews
NACM’s Credit Managers’ Index (CMI) hit a 26-month high in November, jumping 2.4 points to 55.3. “The strength in the index comes primarily from improved sales revenue, but dollars collected on due and past-due invoices also improved markedly as did the dollar amount of credit extended,” said NACM Economist Amy Crews Cutts, Ph.D., CBE.

Dec 5, 2024
eNews
From handling customer disputes to managing cases of bankruptcy, credit professionals are often faced with high-stress situations. However, prolonged stress can lead to burnout, particularly during year-end when workloads intensify.

Nov 21, 2024
eNews
As the B2B automation market expands, credit managers have access to a broad range of solutions and service providers to meet their challenges and diverse needs. While the abundance of options may seem daunting, it opens the door to finding a solution that can either complement an existing system or stand on its own.

Nov 21, 2024
eNews
It’s hard to avoid stress in the workplace—whether it’s current events weighing on you or new leadership in your office creating tension, stress can pop up at any place or time. For managers, it can be hard to lift spirits when office morale is stifled by external and internal stressors outside your control, but it is undeniably important. 

Nov 21, 2024
eNews
For a B2B credit manager, the news that a customer has filed for bankruptcy can feel like a gut punch—especially the first time it happens. It’s a painful and unavoidable reminder of the unpredictability of business and the risks that come with extending credit.