Credit Is Tightening Due to Banking Crisis, CMI Shows

 🎙 NACM's Credit Managers' Index (CMI) revealed credit application approvals dropped in April even as applications for new credit increased. The factor of rejections of credit applications fell 2.7 points into contraction territory at 49.7—its lowest level since July 2009 during the Great Recession. The flow of credit is being crunched by fina...
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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...
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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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Reasons to NOT Miss Credit Congress This Year

🚨 In-person networking, relevant educational sessions and maintaining certifications are just three of the many reasons credit professionals gave to attending NACM's 127 Annual Credit Congress this year.🎙 Hear why credit professionals of all different backgrounds say they are excited for June 11-14.⭐ Sheila Willis; Phil McCraw; Josh Gorman, SHRM-CP...
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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...
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NACM Member Spotlight: Designations Create Opportunities

NACM's Professional Certificate Program creates countless opportunities for credit professionals who seek growth in their careers. For example, if you apply to a managerial or supervisory position, companies want to know if you have the experience to back up the qualities needed to stand out. A candidate who has an NACM designation may be more like...
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Top Challenges Facing Credit Professionals Today

⬆ Increasing past dues have been the number one challenge for credit professionals in the last year, according to a recent eNews poll.🎙 Hear from Craig Pluff and Brad Hamman, CBA in today's episode of Extra Credit as they talk about how to tackle the challenges they face. 
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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. "...
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NACM Member Spotlight: Designations Fine Tune Your Credit Skills

Credit professionals who have been in the industry for several years have lots of knowledge and expertise in their career. But it's never too late to learn something new—or fine tune those skills you use on a daily basis. Just like a car, even the most reliable tires need to be rotated after a while to keep the machine rolling. "When I got recruite...
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AI is Changing the Future of Finance

 🤖 Artificial intelligence is revolutionizing the way credit professionals make business decisions and assess the creditworthiness of customers. Listen to experts talk about how AI is changing the future of finance.🎙 On today's episode of NACM's Extra Credit podcast, hear from Chris Arrington, Yazmin Yepez and Martin Zorn! 
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Recession Threat Fading in Near Term

📈 After roughly nine months of decline that almost led NACM's Credit Managers' Index into contraction territory, the index now seems to be on an upswing.🎤 On today's episode of NACM's Extra Credit podcast, hear from Amy Crews Cutts with the latest update of the CMI, along with Gary Juliano, CCE and Tracy Turner, CCE. ⭐ Featuring host Kend...
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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...
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NACM’s Certification Program Provides Opportunities: Member Spotlight

Many professionals seek opportunities to grow and learn through educational programs. NACM's Professional Certification Program is designed to amplify those opportunities for credit professionals."With my personality, I'm always looking for ways to better myself and better my professional career," said Graham Brockway, CBF, credit manager at Fergus...
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Best of Extra Credit: Special One-Year Episode

🎂 HAPPY BIRTHDAY EXTRA CREDIT! 🎂🎉 One year ago today, NACM published its very first episode of the Extra Credit podcast! To celebrate this special occasion, we are bringing you a roundup of the most popular podcast episodes from the last year.🎙 Hear from Shane Inglesby, CCE; Chris Myers; Gweneth Weeks; Natalie Pearson, Susan Rausch, CCE; and A...
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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...
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NACM Designations Improve Confidence: Member Spotlight

Many credit professionals seek NACM's Professional Certification Program as an opportunity to either learn new skills or expand on those already acquired. "Starting a new journey can be stressful, but the knowledge you can gain is immeasurable," said Tami Longmeyer, CCRA, CBA, debt collection analyst at the Office of Natural Resources Revenue (Denv...
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Late Fees as a Collection Strategy

🎤 On today's episode of NACM's Extra Credit podcast, hear from Kenny Wine, CCE and Jason Mott, CCE as they talk about their experience charging interest and late fees!⭐ Featuring host Kendall Payton! 
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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...
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NACM’s Member Spotlight: New CBA Holder

NACM's Professional Certification Program provides credit professionals with the tools they need to advance in their careers. Credentials matter in credit—so, what should you expect on your journey to earning a certification? Some credit professionals seek to earn designations because they want a deeper knowledge of their role and how to utilize th...
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Learning from Credit Mistakes

☀ Today's episode of NACM's Extra Credit podcast is all about learning from failure! 🎙 Hear from Eve Sahnow, CCE; Mary Moore, CBA; Amy Cook, CCE; and Kevin Stinner. 
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