Nothing epitomizes the work of a credit manager quite like the initial credit investigation performed on a potential customer. Gleaning details of a customer’s payment habits and professional relationships as you assess how large of a credit limit they should…
This is a good time to remind people of my favorite quote from J.K. Galbraith – “there are two kinds of forecasters – those who don’t know and those that don’t know they don’t know”. This has rarely been as…
The media buzzword is now recession. I suppose they have gotten bored with complaining about inflation and wanted to move on to something new. The reality is that inflation is still the number one issue. By the way, fretting about…
It has often been remarked that there are two kinds of forecasters – those who don’t know and those that don’t know they don’t know. That has long been the case but never more than right now. There is always…
First, the good news. It is now safe to watch TV again (except for all the ads from lawyers). The campaigns are over and our choices have been made. Some are happy and some are not. What happens next is…
NACM’s Credit Managers’ Index (CMI) not only reflects the financial health of industries but also serves as a predictive tool for credit team performance. By leveraging the CMI, credit teams can better understand economic trends, adjust their strategies and stay…
The campaigns are over (at least for a few weeks) and we now have Trump’s return and the Republicans in control of Congress. What can we realistically expect going forward? For now, let’s consider the country’s changing approach to economic…
In business, leaders guide teams to achieve goals beyond individual capabilities. But what sets a leaderapart is their ability to envision and execute long-term goals that drive sustainable growth andorganizational success.The Executive Leadership Workshop at NACM’s 128th Credit Congress in…
Senate Bill 1286 (SB 1286), signed into law by California Governor Gavin Newsom on Sept. 24, 2024, will extend existing consumer debt collection protections in the state to small businesses and to the collection activities of business debt. Why it…
It is a campaign year and we all know the drill by now. It was summed up by James Carville back in the Clinton years. “It’s the economy, stupid”. The campaigns thus far have focused on the party faithful and…
