Greg Garner – Vice President-Business Strategy & Collection Operations San Diego, California Office
Hello friends. My name is Greg Garner, currently serving as Vice President-Business Strategy & Collection Operations with NACM Commercial Services. I’m physically based in our San Diego, California office which is a result of NACM Commercial Services and NACM San Diego/New Mexico/Colorado joining forces in May 2019. My career with NACM San Diego launched way back in 1987 and I ultimately had the incredible honor to serve as President/CEO during the years 2001-2019. Yes, I am arguably another of the many “NACM lifers!” I hold an undergraduate degree in Political Science from UCLA (Go Bruins!) and an MBA from the University of Redlands.… Read the rest
Beyond the Trends is a quarterly report written by Experian Business Information Services. The report offers a unique view of the small business economy based on what we see in the data. With up-to-date information on over 25 million active businesses and how they perform from a credit standpoint. Experian will share insights and commentary on how economic conditions, public policy, and other factors might shape future small business performance.
D&B Finance Analytics is the complete AI-driven platform powered by the Dun & Bradstreet Data Cloud—for finance leaders who want to transform their finance operations and reduce cost through insight, automation, and enhanced customer experience. Intelligent, flexible, and easy to use, D&B Finance Analytics allows finance teams to manage risk, increase operational efficiency, enhance their business insight, and improve the customer experience.
Automation in risk management helps CFOs and finance leaders modernize many aspects of finance operations to improve cash flow, boost efficiency, and promote enterprise growth. As leaders are under pressure to get dispersed finance teams working with better speed, coordination, and accuracy, automation helps to achieve a higher level of preparedness that will sustain their companies through disruptive events — now and in the future.
CFOs and finance leaders are increasingly implementing digital technologies and automation. They see value in ongoing digital transformation and investment in better tools to help them reduce time spent on manual finance processes.
But when it comes to credit and receivables, large and small companies alike face the prospect of reduced cash flow and decelerating growth if they fail to address the main risk factors lurking within their finance processes.… Read the rest
In the timeless words of Larry David, business credit is pretty good right now. According to the American Bankruptcy Institute, April 2021 commercial chapter 11 filings were down 49% compared to April 2020. Recent legislation, such as the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) pumped trillions of dollars into the U.S. economy, inclusive of low interest (and potentially forgivable) loans under initiatives such as the Paycheck Protection Program (“PPP”) and the Main Street Lending Program. Banks are largely holding off on moving defaulted borrowers to their workout groups for several reasons, including the hope that many borrowers who initially defaulted will recover, and to avoid concerns about bad publicity.… Read the rest
What encouragement we are beginning to feel with Covid numbers finally decreasing, vaccinations climbing in the general population, and people starting to get out around a bit more. I’m feeling nearly giddy about the near possibilities of seeing credit peers in person! The last year taught us so many life lessons, some of which we wish we didn’t have to experience (on reflection), and many more we’ll carry with us in newly developed lifestyles and professional ambitions.
I have to tell you, NACMCS staff have completely mastered this new virtual interaction that has developed into a heightened expectation. And while it is certainly secondary to in-person meetings, our use of the virtual platforms for industry groups, live demos, member and in-house meetings, educational sessions, accredited classes, and even our annual association member meeting have all become virtual offerings in the past year.… Read the rest