If you are an engineer or credit manager, you might
answer that the glass is twice as big as it needs to be. The sales leader would add that while you
were debating whether it was half empty or half full, they sold it.
The outlook for the economy is arguably mixed right
now, and factually there is an argument for both the glass half full and glass
half empty crowds. In fact, when we
study forecasts for the economy, we get three dominant scenarios that couldn’t
be further apart.
The most optimistic of scenarios assumes that
localized lockdowns work against the pandemic and a smaller section of the
economy is impacted. Some success with early vaccine distribution is
accomplished early in Q1 and some broader-based travel starts to open.… Read the rest
Due to the current economic environment, now more than ever, it is important to keep a closer watch on your accounts. Some industries are doing very well during these unprecedented times and many industries are struggling to meet their payment obligations. Creditors need to take proactive steps to manage these risks. We would like to remind you of the services available to assist you in managing your risk:
We all need to work smart and If you could use some assistance managing your portfolio of accounts, Portfolio Scoring will support you. This service will apply a statistical score to each of your accounts along with returning credit, public records, and demographic attributes, which enables you to focus on the customers who are the greatest risk to you.… Read the rest
Is Your Accounts Receivable Process Slowing You Down?
In today’s digital economy, a company’s survival hinges on its potential to manage working capital and cash flow while ensuring customer satisfaction along the way. Mid-sized businesses heavily depend on cash for their day-to-day business operations and growth. In times of uncertain economic swings, optimized cash management could make all the difference between simply surviving versus having the edge over your competitors.
Accounts Receivables ( A/R ) is critical to cash flow and a clear indicator of the business’s financial health. Most mid-sized businesses are familiar with the traditional manual, paper-based A/R processes that more often than not, end up hurting the company’s cash conversion cycle. As a result, businesses are inevitably moving towards automating their accounts receivable processes and upgrading their payment landscape by introducing digital payments.… Read the rest
Congratulations to our newest designation recipients from the last few exams. 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.
Certified Business Associate (CBA)
Adeline Flowers, CBA – Wagner Equipment Co
Dan Clarke – Pure Storage Inc
Lainie McElroy, CBA – Helena Agri-Enterprises LLC
Certified Business Fellow (CBF)
Autodesk Inc – Eleanor Hartman, CBF… Read the rest
Emily Crowder – Account Executive
Hi, I’m Emily and I am an Account Executive here at NACM Commercial Services. I started at NACM’s Spokane office in 2015 as a Customer Service Representative and joined our Business Development Team in 2018. NACM has given me the opportunity to expand my knowledge by attending education classes, webinars, and conferences. I enjoy being a resource, providing support, and improving the success of our members. I’ve also been honored to meet so many wonderful people in a variety of industries. The NACM community is outstanding and I am honored to be part of it!
Typically, my free time is spent with my family, on Coeur d’Alene Lake, or cozy at home watching a movie.… Read the rest
By: Bill G. Fig; Partner, Sussman Shank, Construction Group Chair
A general contractor or owner will often request (or demand) that you sign a lien waiver or release (hereinafter “lien waiver”) as part of a payment request for work you performed on and/or materials or equipment you supplied to a project. While lien waivers are “normal” in the construction industry, it is very important to pay close attention to the language of a lien waiver. For the reasons set forth below, you should carefully read a lien waiver before you sign it. Moreover, prior to signing a contract for a project, you should also carefully review any form of a lien waiver submitted as an exhibit or attachment to the contract.… Read the rest