Building a Culture of Trust in the Workplace

 ☀ We made it to Friday! Spend your morning catching up on the latest episode of Extra Credit!🎙 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.
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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...
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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...
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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.
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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. 🎙️ 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...
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Automation: A Credit Manager's Best Friend

🎤 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:💼 Reduce department turnover 🤝 Connect with customers⏰ Spend less time chasing past-due payments🔥 All points that are especially important during ...
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Listen: Risk Management Skills for Supplier Vetting

 🎙 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.⭐ On today's episode of the Extra Credit #podcast, hear from Kevin Chandler; Shaun Papperman, CCE, CICP, CCRA; and ...
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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...
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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...
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Most Credit Departments Still Rely on Paper Credit Applications

🎤 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 ...
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Challenges Facing the Construction Industry in 2023

🎙 Start your day with the latest episode of the Extra Credit #podcast!⭐ 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! 
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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 ...
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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 ...
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Credit Professionals Have Big Plans for 2023

☀ Start your Friday with the freshest episode of our Extra Credit podcast! This one is all about New Year's resolutions in the credit profession.🎙 Hear from Natalie Pearson and Alicia Perez Johnson!🏆 Also in this episode ... hear the winning Elevator Speech entry from Alicia Perez Johnson! 
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US Economy Ends 2022 on Mixed Note

The U.S. economy grew faster than initially thought in Q3 at 3.2% year over year, up from the 2.9% estimate—sparking fears that the Fed could raise interest rates more than expected in 2023. However, "The final GDP report is one of most backward-looking readings the government releases, looking at the state of the economy nearly three months a...
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Creditors Beware of Subchapter V: Podcast

🎙 On today's episode of the Extra Credit #podcast, we take a look at how Subchapter V bankruptcy filings dilute a creditor's rights.📣 Hear advice from the experts, Jason Torf and Lynnette Warman! 
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Transform into a Strategic Leader

 🥇 Credit professionals make dozens if not hundreds of decisions each day—decisions that play a massive role in the success or downfall of their company. But in order to get recognition from the C-Suite, creditors must adopt a strategic mindset.🎙 Hear from Nancy Watson-Pistole CCE ICCE and Jason L Mott, CCE about how to start changing upper ma...
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November CMI Falls to New Low as Downward Trend Continues

📉 The November NACM Credit Managers' Index fell once again, this time by 1.2 points to a reading of 52.0, its lowest since May 2020 and the lowest non-recession, non-pandemic value recorded.🎙 Hear from NACM Economist Amy Crews Cutts about her latest recession outlooks. The latest episode for Extra Credit can be found here.
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How Midterm Elections Could Influence Economic Policy

Tuesday's midterm elections come as the U.S. economy sits top of mind for businesses and consumers. The Federal Reserve continues to battle stubborn inflation with aggressive rate hikes, which many economists predict will lead to a recession.Midterm election results will determine whether Democrats or Republicans will have control of the U.S. House...
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Is the Great Resignation Coming to an End?

💼 On this week's episode of the Extra Credit podcast ... is the Great Resignation coming to an end as employees become increasingly concerned about job security? 🚧 Also in this episode ... how a lack of skilled labor in the construction industry can hurt material suppliers.
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