Member Spotlight: CCE Designation of Excellence

NACM's Designation of Excellence Awards were created to honor designation holders at four distinct levels: the CBA, CBF, CCRA and CCE. Each recipient must have an unrelenting pursuit of excellence through enhanced and improved knowledge. Equally important is the desire to share that knowledge through speaking, teaching or mentoring. Mike Hill, CCE,...
Continue reading
  169 Hits
  0 Comments
Tags:
169 Hits
0 Comments

Member Spotlight: Credit Executive of Distinction

What makes a credit professional stand out amongst the crowd? One great example is late leader and visionary O. D. Glaus, who embodied vision, energy, commitment and love for the credit profession. He blazed such a trail that NACM honored him by creating the NACM Credit Executive of Distinction, awarded to those who embodied that same spirit as exe...
Continue reading
  268 Hits
  0 Comments
Tags:
268 Hits
0 Comments

Member Spotlight: Emerging Leader

There are specific qualities that come to mind when it comes to leadership. Vision. Confidence. Strength. Independence. Ownership. But what makes one a leader? And what makes them memorable? That is why NACM created the Emerging Leader Award. The Emerging Leader Award is awarded to those with vision, strength of purpose, intellect, energy, ethics, ...
Continue reading
  321 Hits
  0 Comments
Tags:
321 Hits
0 Comments

NACM Member Spotlight: Driving Results

NACM's motto throughout the years has been driving results. It's what B2B credit is all about. One of the ways we do that is by giving our members the chance to educate themselves and earn respective designations. A designation we offer that drives amazing results is the Credit Business Fellow (CBF) designation.The CBF designation is an academic, p...
Continue reading
  315 Hits
  0 Comments
Tags:
315 Hits
0 Comments

NACM Member Spotlight: Certified International Credit Professional

More and more credit professionals are based in or working with customers overseas. In order to keep up with the pace, credit professionals must expand their knowledge of international trade. Wesley Belleville, CCE, CICP, director of credit at Helena Agri-Enterprises, LLC (Collierville, TN) earned his CICP (Certified International Credit Profession...
Continue reading
  689 Hits
  0 Comments
Tags:
689 Hits
0 Comments

NACM Member Spotlight: Learning About Global Credit

More and more credit professionals are based in or working with customers overseas. In order to keep up with the pace, credit professionals must expand their knowledge of international trade. Scott Woitas, CBF, CICP, credit manager at Donaldson Company, Inc. (Minneapolis, MN) did just that by earning his CICP designation just last week. "...
Continue reading
  506 Hits
  0 Comments
Tags:
506 Hits
0 Comments

At the Home Stretch of ICRM

This is my last week of FCIB's International & Credit Risk Management (ICRM) course. Not only am I working on finishing the last chapter of the course (Compliance and Legal), but I'm also expected to complete the course evaluation before starting the final exam.In preparation for the exam, I've attended the final review session, studied the pre...
Continue reading
  3071 Hits
  0 Comments
Tags:
3071 Hits
0 Comments

Reflecting on ICRM Course Progress

As I wrap up module 10 for FCIB's International Credit Risk & Management (ICRM) course, I'm amazed at how far I've come starting with limited knowledge of international credit. From learning about the three extra C's of credit (country, culture and currency), establishing credit lines in payment terms and letters of credit, I still can't believ...
Continue reading
  626 Hits
  0 Comments
Tags:
626 Hits
0 Comments

Becoming a Master Negotiator

This week has been the busiest and most insightful so far for me at NACM. Not only am I working on the ninth module of FCIB's International Credit Risk & Management (ICRM) course, but I just completed my first Graduate School of Credit & Financial Management (GSCFM) course through NACM.The two-day course covered ​Advanced Negotiations​ with...
Continue reading
  628 Hits
  0 Comments
Tags:
628 Hits
0 Comments

Thinking Like an International Credit Manager

I'm still in the process of finishing module 8 of FCIB's International & Credit Risk Management (ICRM) course. As I mentioned in my last post, this module covers letters of credit, guarantees and bonds. I just answered one of the discussion post questions, "Your customer in Ethiopia has just placed a large order and has offered payment through ...
Continue reading
  3412 Hits
  0 Comments
Tags:
3412 Hits
0 Comments

Lessons on Letters of Credit

I'm back again with insights on FCIB's International Credit & Risk Management (ICRM) course. I just wrapped up module 7 on global payment mechanisms and started module 8 on letters of credit, guarantees and bonds.I learned that letters of credit (LCs) are one of the most versatile and secure payment instruments to use in international sales. Th...
Continue reading
  817 Hits
  0 Comments
Tags:
817 Hits
0 Comments

Chapter 11 Bankruptcies Are Up 70% Annually

💰 Chapter 11 bankruptcy filings increased 70% year-over-year and Subchapter V filings are up 49%. With post-pandemic era financial aid no longer available, its time to leverage every possible risk mitigation tool both before and after a bankruptcy filing.🎙We've brought in some of the best experts for this week's episode of NACM's #ExtraCredit podca...
Continue reading
  827 Hits
  0 Comments
Tags:
827 Hits
0 Comments

Diving into Global Currency

As I enter my sixth week of the International Credit & Risk Management (ICRM) course, I'm gaining a deeper understanding about international trade credit, specifically the innerworkings of currency. Module 6 in particular, focuses on banking and currency terms and concepts. This is possibly the most anticipated module for me because it delves d...
Continue reading
  893 Hits
  0 Comments
Tags:
893 Hits
0 Comments

My First ICRM Review Session

​I'm officially finished with the fifth module of International Credit & Risk Management (ICRM) course! In this module, I learned about establishing credit lines and payment terms. I used information I learned from the previous modules to formulate my answers for the discussion posts. I received support from ICRM Instructor, Val Venable, C...
Continue reading
  804 Hits
  0 Comments
Tags:
804 Hits
0 Comments

An ICRM Student’s Balancing Act

​As I continue my journey through the International Credit & Risk Management (ICRM) course, I'm gaining more knowledge about international trade. I'm currently working through the fourth module on risk mitigation. I'm looking forward to starting module five later this week on establishing credit lines in payment terms with the hopes of getting ...
Continue reading
  789 Hits
  0 Comments
Tags:
789 Hits
0 Comments

The Beauty of Virtual Learning

I am going on my fourth week of the International Credit & Risk Management (ICRM) online course and I am slightly behind. Not only was I struggling with some aspects of the discussion posts but I also had a six-day family vacation in Puerto Rico. Luckily the instructor was very understanding and let me enjoy my trip while helping me with my que...
Continue reading
  1575 Hits
  0 Comments
Tags:
1575 Hits
0 Comments

Journal Entry #1: Navigating International Trade Credit

I've just completed my second week of FCIB's International Credit & Risk Management (ICRM) online course and it's been nothing short of a very pleasant experience. Although I've only brushed the surface of international trade credit, I've already learned so much.In the two modules I've completed so far, I've learned about the basics of how inte...
Continue reading
  1239 Hits
  0 Comments
Tags:
1239 Hits
0 Comments

Economic Growth Remains Strong but Subject to Change

​Economic data shows that U.S. economic growth remained steady in the last quarter of 2022. In December, payrolls rose by $223,000 while the unemployment rate fell to 3.5% and average hourly earnings eased by 0.3%, per Wells Fargo. Job openings fell to 10.46 million in November. Not only that, "ISM manufacturing fell to 48.4 in December, while the ...
Continue reading
  2587 Hits
  0 Comments
Tags:
2587 Hits
0 Comments

Labor Market Remains Tight, But Not for Long

Despite the Fed's aggressive interest rate hikes and stubborn inflation, the labor market remains tight. The unemployment rate is sitting at a historical low of 3.7% and average hourly earnings rose 5% year-over-year, "well above a pace that would be consistent with the Federal Reserve's 2% inflation goal," reads an article from Bloomberg.However, ...
Continue reading
  1031 Hits
  0 Comments
Tags:
1031 Hits
0 Comments

NACM's CMI Forecasts Trouble Ahead in 2023

🎙At the start of 2022, economic activity was bursting at the seams as businesses recovered from the depths of the pandemic. But roughly one year later, NACM's Credit Managers' Index is painting a very different picture of the U.S. economy … and credit professionals sense trouble ahead.Hear from Amy Crews Cutts in today's episode of Extra Credit #po...
Continue reading
  777 Hits
  0 Comments
Tags:
777 Hits
0 Comments