Tag: Leadership

The Canadian economy showed growth over the fourth quarter, with increased consumer spending, business investments and exports boosting the country’s gross domestic product (GDP) by 2.6% in the final months of 2024. While the growth is a good sign for the Canadian economy, Prime Minister Justin Trudeau’s imminent resignation and the looming threat of tariffs from the United States create uncertainty.

By focusing on and refining soft skills, credit professionals can enhance performance, relationships and communication in credit management.

Time management can be tricky when your day-to-day work feels unpredictable. Credit managers know how easy it is to get so wrapped up in a single task that their entire to-do list slips their mind. Whether you carefully schedule out every second of your workday or keep a tentative list of tasks that need completion, it can be hard to organize your time as a credit manager because there is so much to do.

The credit management profession is often described as both an art and a science. It requires a combination of hard, technical skills—such as financial analysis and business credit law—as well as soft skills, like relationship-building and effective communication.

🎙️ On today’s episode of Extra Credit … In B2B credit management, negotiation is key for securing payments, reducing credit risk and nurturing long-term business relationships. 

NACM’s six-level Professional Certification Program serves as a steppingstone in a credit professionals’ path to certification and outstanding leadership in their field.

No matter how far along you are in your career, you can’t avoid the inevitable—a poorly-run meeting. Whether it’s a matter of not having a set agenda or lacking a clear end time, meetings without direction are purposeless.

On today’s episode of Extra Credit…Credit professionals are no strangers to mistakes—whether it’s making hasty decisions, overlooking fraudulent activity or miscommunication. Regardless of where you are in your career, learning from your mistakes can help you lead others more effectively and grow as a professional.  

Credit professionals are no strangers to mistakes—whether it’s making hasty decisions, overlooking fraudulent activity or miscommunication.