Credit Is the Backbone of Every Business

 ๐ŸŽค On today's episode of the Extra Credit podcast: The credit department is the backbone of every business that supports other teams and drives success.
  141 Hits
  0 Comments
Tags:
141 Hits
0 Comments

Should Credit and Collections Be One?

๐ŸŽ™๏ธ On today's episode of Extra Credit: A recent eNews poll revealed that 34% of departments separate credit and collection functions. Regardless of the chosen strategy, open communication and well-defined procedures are essential to ensure the success of either approach. 
  275 Hits
  0 Comments
Tags:
275 Hits
0 Comments

Subchapter V Bankruptcy Becoming More Common

 ๐ŸŽ™๏ธ On today's episode of NACM's Extra Credit podcast:โš–๏ธ Subchapter V small business bankruptcies are up 43% year-over-year in August, the 13th consecutive month of increase. This upward trend is likely to continue through the rest of the year and beyond.
  434 Hits
  0 Comments
Tags:
434 Hits
0 Comments

Emerging Credit Leaders Will Shape the Future of Business

๐ŸŽ™๏ธ For this week's episode of Extra Credit, we invited five emerging credit leaders to share their experiences, lessons learned and plans for the future!โญ Hear from Brittany Yvon, CICP CBA; Kara Eppard; Christopher Finley, CICP; Jill Burns; and Yazmin Yepez! Unlock your leadership potential by joining NACM's new Emerging Leaders Thought Discus...
Continue reading
  537 Hits
  0 Comments
Tags:
537 Hits
0 Comments

How to Speak the Language of Sales

It might feel like the credit and sales teams are speaking two completely different languages. But by putting the company's goals and objectives first, both departments can become an unstoppable force in driving positive business results.Learn more about the credit and sales relationship on today's episode of the Extra Credit podcast! 
  601 Hits
  0 Comments
Tags:
601 Hits
0 Comments

What Credit Professionals Can Learn from Social Media Influencers

 In the modern-day world of social media platforms, influencers have become some of the most prominent figures within the marketing and advertising industries. It may be difficult to think that there are any similarities between social media influencers and credit professionals, but some influencer characteristics are key to becoming a leader ...
Continue reading
  707 Hits
  0 Comments
Tags:
707 Hits
0 Comments

Making Credit Decisions Is a Team Effort

The latest episode of Extra Credit is available for listening! The best credit decisions are made in a team environment and several different departments can provide input. A recent eNews poll revealed 97% of credit teams involve upper management in credit decisions, along with the sales team (26%), treasury (9%) and customer service (3%).&nbs...
Continue reading
  531 Hits
  0 Comments
Tags:
531 Hits
0 Comments

Building a Culture of Trust in the Workplace

 โ˜€ We made it to Friday! Spend your morning catching up on the latest episode of Extra Credit!๐ŸŽ™ This week we talked with Mike Hill, CCE; Amy Cook CCE; and Jennifer Seurer CCE, CICP about building a culture of trust in the workplace.
  637 Hits
  0 Comments
Tags:
637 Hits
0 Comments

Listen: Leaders Want Increased Visibility of Accounts Receivable

According to a PWC working capital study, 98% of interviewed CEO's admitted they could be more confident about the visibility they have over cash flow. Learn how the credit department can create more visibility around AR with the help of automation. Listen to the latest episode of Extra Credit here.This episode is brought to you by BlackLine. Compl...
Continue reading
  645 Hits
  0 Comments
Tags:
645 Hits
0 Comments

NACM and the Birth of Credit Management: Celebrating 127 Years

Happy birthday NACM!On June 23, 1896, the credit profession as we know it today was born. America's credit managers heard O.G. McMechen's call to create a national association for business credit management, resulting in the formation of the National Association of Credit Men, which would eventually grow to become the National Association of Credit...
Continue reading
  468 Hits
  0 Comments
Tags:
468 Hits
0 Comments

Listen: Voices of Credit Congress

On this special episode of Extra Credit, we take you to the Expo floor at Credit Congress in Grapevine, TX to hear how NACM has positively impacted the careers of several different credit professionals.
  646 Hits
  0 Comments
Tags:
646 Hits
0 Comments

Bankruptcies Are Rising, What Is Your Strategy?

 Listen to the latest episode of NACM's Extra Credit podcast to learn how automation can help credit departments navigate the spike in bankruptcies. ๐ŸŽ™๏ธ With the pandemic free-money era officially coming to an end, many businesses on the margin are starting to struggle. As a result, corporate bankruptcies are on the rise. Commercial C...
Continue reading
  560 Hits
  0 Comments
Tags:
560 Hits
0 Comments

Automation: A Credit Manager's Best Friend

๐ŸŽค On today's episode of NACM's Extra Credit podcast:Listen to a conversation between Danny Wheeler with BlackLine and NACM's Annacaroline Caruso on how automation can be a credit manager's best friend to:๐Ÿ’ผ Reduce department turnover ๐Ÿค Connect with customersโฐ Spend less time chasing past-due payments๐Ÿ”ฅ All points that are especially important during ...
Continue reading
  696 Hits
  0 Comments
Tags:
696 Hits
0 Comments

Listen: Risk Management Skills for Supplier Vetting

 ๐ŸŽ™ Supplier vetting falls under the ever-expanding list of credit department responsibilities. Credit professionals can use their risk management skills on the other side of business to protect their company from faulty suppliers.โญ On today's episode of the Extra Credit #podcast, hear from Kevin Chandler; Shaun Papperman, CCE, CICP, CCRA; and ...
Continue reading
  640 Hits
  0 Comments
Tags:
640 Hits
0 Comments

CMI Indicates Credit Crunch Amid Banking Crisis

 NACM's Credit Manager's Index for April reveals some worrying trends. Rejections of new credit applications plummeted into contraction territory, indicating tightening credit conditions.Read what NACM Economist Amy Crews Cutts wrote in a blog for Macrobond Financial about the #CMI. Sign up to receive monthly CMI survey participation aler...
Continue reading
  636 Hits
  0 Comments
Tags:
636 Hits
0 Comments

Accepting Global Payments

I have just started the seventh module of the International Credit & Risk Management (ICRM) course, which focuses on the fundamentals of global payment mechanisms. And boy, there are so many factors to consider accepting international payments!Not only am I learning about various payment methods used in international payments, but ele...
Continue reading
  1028 Hits
  0 Comments
Tags:
1028 Hits
0 Comments

Most Credit Departments Still Rely on Paper Credit Applications

๐ŸŽค The latest episode of NACM's #ExtraCredit podcast is available now! Click HERE to listen. Like many industries these past few years, B2B credit has needed to adjust to a new digital reality. Most credit departments have adopted more technology and automation than ever before, except when it comes to digital credit applications. According to ...
Continue reading
  944 Hits
  0 Comments
Tags:
944 Hits
0 Comments

Challenges Facing the Construction Industry in 2023

๐ŸŽ™ Start your day with the latest episode of the Extra Credit #podcast!โญ This week we talked with Chris Ring; Jerry Drake, CCE; and Isaac Kotila, credit support manager at Insulation Distributors, Inc. about the challenges expected to face the construction industry in 2023! 
  1139 Hits
  0 Comments
Tags:
1139 Hits
0 Comments

Journal Entry #2: Learning from Around the World

 As I enter my third week of the International Credit & Risk Management (ICRM) online course, I'm learning more about the nitty and gritty aspects of international trade. One of the newest topics I'm learning about is financial analysis, which is a challenging subject but necessary for successful credit management. It truly ...
Continue reading
  1195 Hits
  0 Comments
Tags:
1195 Hits
0 Comments

Listen: Get Your Credit Team Noticed by the C-Suite

It often feels like there is this invisible barrier between the credit department and the C-Suite, but it does not have to be that way. By establishing a strategic leadership culture, you will create a place where people want to work for you and where upper management recognizes your hard work. But leadership should not be confused with management ...
Continue reading
  1042 Hits
  0 Comments
Tags:
1042 Hits
0 Comments