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Tag: Best Practices

Aug 21, 2025
eNews

The power of precise documentation in risk management

Certain credit practices are grounded in the roots of the profession, unchanging in a dynamic field where change is constant. Documentation is one of these habits, with thorough records of even the simplest day-to-day credit decisions protecting credit departments from risk down the line. 
Aug 19, 2025
Blog

A worthwhile effort: Lauren Wondrash’s CBA Milestone 

For many credit professionals, NACM and FCIB’s Professional Certification Programs help form a bedrock of knowledge that assists them in their day-to-day work. Whether navigating a tricky conversation with a customer or setting firm standards for extending credit, knowledge gleaned from professional certification courses shines through.
Aug 14, 2025
eNews

Using letters of credit to mitigate risk 

Every facet of a credit manager’s day-to-day work relates to risk mitigation, as they work tirelessly to protect their company through each transaction. When you are uncertain about a customer and their ability to pay within terms, it is time to consider new protective measures.
Aug 14, 2025
eNews

Advocating for a seat at the table for MSA negotiations

Credit professionals are no strangers to forms, with the continuous exchange of documents between a customer and a seller dubbed the “battle of the forms.” With so many documents, it can be hard to decipher the exact terms, prompting many businesses to employ master service agreements (MSAs).  
Aug 7, 2025
eNews

Credit managers find footing in shaky markets

The nature of credit and collections requires credit managers to always keep an eye out for risk on the horizon, whether it’s concern towards a customer’s persistent cash flow issues or a weariness towards extending credit in a country with growing geopolitical instability.
Jul 24, 2025
eNews

When sales understands the ‘why’ behind credit fundamentals

Sales and credit are two sides of the same coin, both aiming to grow the business, but from different perspectives. While sales focuses on closing deals, the credit team works to manage risk, ensuring customers are financially reliable and contract terms are sound. These different priorities can often lead to tension.