Written By: Jason W. Alexander and Paxton L. Deuel from Sussman Shank LLP
If you are a contractor who performs work on tribal lands, you may wonder whether you can claim a construction lien if you are not paid. A construction lien secures your right to payment by the lien “attaching” to the property where you provided labor or materials and if you remain unpaid, you can foreclose the lien and force the sale of the property. However, claiming a construction lien on property within the jurisdiction of an Indian tribe is not as straightforward as claiming one on private property outside the jurisdiction of an Indian tribe. In fact, in most cases, it’s not possible at all.… Read the rest
In the fast-paced world of business, efficiency and control are crucial to a company’s success. Accounts Payable (A/P) operations are a vital part of any organization, but it can often be a time-consuming and manual process that can hinder business growth. That’s why United TranzActions’ (UTA) NextGen A/P solution is a game-changer when it comes to automating and streamlining the processing of your Payables.
One of the standout features offered by this solution includes the improved visibility and control it provides. By eliminating paper and managing A/P from a central platform accessible anywhere, businesses can enjoy better visibility across user roles, business units, and locations. In addition, real-time analytics provide insights that help maintain better control over spend, giving businesses the power to make informed decisions and drive growth.… Read the rest
Bankruptcies are on the rise again, a trend tracing back to December of last year. Most notably for trade credit professionals, year-over-year commercial filings were up 24%. Chapter 11 cases (including Subchapter V) surged 79% compared to March 2022. Of the total commercial Chapter 11 filings, the 140 Subchapter V filings in March represented a 12% increase from the 125 filings in March 2022, per Epiq Bankruptcy. In order to maximize recovery for their company and minimize any additional risk exposure, trade creditors should consider the following tools:
#1 Sound Credit Procedures
Creating and following sound, written credit procedures is essential in mitigating losses. This entails keeping the credit application in the customer file, along with all documentation used to assess the creditworthiness of the customer.… Read the rest
Allowing valuable accounts receivable (A/R) insights to live in data silos is a business risk. This checklist reveals key benefits of integrating customer account and payment data into three key financial operations platforms.
A big shoutout to all the amazing people who joined us, donated, spoke at, and sponsored our 2023 Annual Spring Membership Events in Denver, Portland, and Spokane! We are thrilled to announce that together, we have raised an incredible $10K for member scholarships through the NACM CS Foundation. This would not have been possible without your support and enthusiasm! Thank you, everyone, for making this a huge success!
We look forward to seeing everyone at our next events. Shout out to our preferred partners: Dun & Bradstreet, Handle.com, United TranzActions, Meridian Finance Group, NCS Credit, and Nectarine Credit. Thank you to our speakers, Wanda Borges, Kevin Gallagher, Cindy Robert, and James Tiarks.
Thank you to our Donors
AL Compressed Gases Alaina Worden, CCE Brett Hanft, CBA Bruce Pac CAD of Spokane Cascade Nut & Bolt Clara Nemeth, CCE CGA Coast Cutlery Columbia Grain International LLC Columbia Sportswear Co Connell Oil Costco CPM Development Dunn Carney Dupree Building Supplies Erin Stammer Fat Cupcake Jen’s Pastries Jennifer Walsh, CCE John Hardy Kathy Linscott Keen Inc Kilgore TEC Products Kodiak BP LLC Land View Inc Larkens Vacura Leatherman Tool Group Mark Teeter , CCE CICP Modern Glass Company NACM Commercial Services NACM National Nutrien Ag Solutions OrePac Building Products Pacific Metal Company Pacific Steel & Recycling Pendleton Woolen Mills Inc Sam Bennett Schwabe Willamson Shannon Abnal Sheryl Rasmusson, CCE Simple Sums Star Rentals WCP Solutions… Read the rest
Congratulations to these members on their new CBA & CBF designations. Are you interested in education and getting a designation? Check out this guide on the certification program. If you have any questions contact Shawna Kelly.
For NACM members, unclaimed property (“UP”) and UP compliance may be a foreign concept. Afterall, UP does not fit neatly within members’ accounting, finance, and legal departments, and adding a UP compliance program may appear like an unnecessary use of resources. However, if members take the time to implement a UP compliance program, its benefits will greatly outweigh the costs of not having such a program given states’ aggressive enforcement of their UP laws through audits.
Overview of UP Law What is UP?
UP is property held by a business, known as a “holder,” which has not been claimed and belongs to a third-party, known as an “owner.”… Read the rest
