Tag: Best Practices

Regardless of your career, mastering your craft may seem like a lifelong journey, requiring the right tools and rigorous training under the guidance of a true expert. In the credit profession, a designation earned through NACM and FCIB’s six-level Professional Certification Program, makes the pursuit of knowledge and professional growth an achievable feat. At each level, credit professionals gain the essential knowledge and skills needed to stand out and flourish in their field. 

Expanding on your knowledge of credit management by completing one of NACM and FCIB’s six Professional Certification Programs not only refines the skills you use every day but instills a newfound confidence in even the most experienced credit managers.

The certification program is a valuable resource for credit managers worldwide. Sankar Nair, CICP, senior credit analyst at Daikin Middle East and Africa FZE (Abu Dhabi, UAE) sought his Certified International Credit Professional (CICP) designation to deepen his expertise in credit and trade finance.

Earning a designation through one of NACM and FCIB’s Professional Certification Programs takes perseverance and dedication. It allows professionals to commit to deepening their understanding of business credit and best practices. For Vimal Patel, CCE, director of credit at OneSource Distributers (Oceanside, CA), earning his Certified Credit Executive (CCE) designation was an opportunity to challenge himself to learn more about the credit profession and refine his skills. 

In business-to-business (B2B) credit management, the sheer volume of data—from financials and payment histories to market trends—can overwhelm teams. Data automation and Robotic Process Automation (RPA) can transform these tasks, rapidly processing and analyzing critical information. By cutting down manual work, these tools enable faster, more accurate credit decisions while minimizing risk, making credit management smarter and more efficient. 

Earning a professional certification can be a transformative milestone in a credit professional’s career, opening doors to career growth and advancement. In recent years, hiring managers have increasingly valued certifications over traditional four-year college degrees. NACM and FCIB’s six-level Professional Certification Program helps both new and experienced credit professionals gain the practical knowledge and skillset needed to stand out and thrive in the B2B credit industry. 

Being a leader is hard but leading during stressful periods where internal or external stressors seem to add pressure to your credit team can be even harder. Whether your company is undergoing a merger that throws everyone’s day-to-day work through a loop or economic instability brings added stress to everyone’s days, workplace challenges can pop up at any moment. But what can leaders do to ease tensions and calm their credit teams?

Economic uncertainty complicates the work of credit managers. As the changing tides of the economy become unpredictable, risk increases. Credit managers across industries have seen volatility in pricing, as wide-reaching economic uncertainties like tariffs, trade wars and supply chain issues send ripples across the economy. While price fluctuations are somewhat of a constant in the ever-changing world of business credit, it can still be difficult to predict and even harder to navigate.