Joining Forces – Message from the President

Jan 10, 2017

Posted by & filed under Business Credit Journal, Education.

Sometimes it’s better to embrace the unusual, the unlikely, and unexpected. It makes me think of salted caramels or bacon on top of a maple donut. Although mine are all food, we all could think of pairings that came together and accomplished something great. It’s been nearly a year since NACM Oregon and NACM Inland NW joined forces to form something greater. Separately both companies were strong, although the Board of Directors along with management recognized our unique pairing and the potential greatness it created for our members.

We’ve spent the past year blending what we do best in both offices. We are being very thoughtful about culture and working to create an environment that reflects who we are and where we’ve been, helping us work together seamlessly.… Read the rest

An Insider’s Guide to Delaware, One of the Busiest Bankruptcy Courts in the United States

Jan 3, 2017

Posted by & filed under Bankruptcy, Business Credit Journal, Credit.

Written By Rafael X. Zahralddin-Aravena, Esq. and Elliott Greenleaf, P.C.[1]

Wilmington, DE Shareholder, Director and Commercial Bankruptcy and Restructuring Practice Chair

 

Delaware continues to be a venue of choice for parties seeking a consistent and sophisticated jurisdiction to file an insolvency proceeding, whether the case is a large bankruptcy or a midmarket bankruptcy. Companies have the Delaware courts as an option for filing because they can file bankruptcy in any jurisdiction where one of its affiliates is incorporated or where it has a principal place of business or principal asset.  Delaware has a long history as the state of incorporation of choice, since the early 1900s, and has gained even more popularity because of its innovation in alternative entities, such as limited liability companies.… Read the rest

NACM Northwest Foundation Fundraiser

Jan 3, 2017

Posted by & filed under Business Credit Journal, Education, Foundation, Leadership.

Written by Rick Weisman, CCE

The NACM Northwest Foundation is coming into 2017 with great anticipation and expectation. Just as NACM Oregon and NACM Inland Northwest merged in 2016, so also has the NACM Oregon Foundation been recently reorganized and renamed NACM Northwest Foundation.

As many NACM members know, the primary purpose of the Foundation is to provide financial support for aspiring credit professionals. The myriad of opportunities to grow in the world of business credit involves accreditation classes, local educational offerings, and attendance at regional and national conferences. The Foundation means to support and encourage participation at all such events.

Our world of business in the Northwest clearly benefits from quality business credit being extended and accounts receivable expertly managed.… Read the rest

Certifications Propel Credit Professionals and Their Companies Forward

Jan 3, 2017

Posted by & filed under Business Credit Journal, Certification.

Certifications help advance the credit profession and the professionals who earn them in many ways. They ensure credit professionals have the proficiency they need to do their jobs successfully. Also, certifications let employers or prospective employers know they have hired or are hiring someone with the expertise to do his or her job well, in addition to having someone who will boost the company’s image in the eyes of their clients.

NACM’s professional designations signal experience, knowledge, ability, and commitment, among other traits, to the field of business-to-business credit. They provide a valuable way to master professional education requirements and achieve excellence in the credit profession.

Benefits to Professionals and Companies

Professional certifications “show that you’ve taken extra steps to elevate yourself as well as your company,” said Leslie Harrison, director of membership, staffing, and HR for NACM Connect.… Read the rest

Red Flags That Warrant Consideration for Renegotiating Terms

Jan 4, 2017

Posted by & filed under Bankruptcy, Business Credit Journal, Collections, Credit.

Every day that a B2B payment is late, the value of that receivable to the creditor declines. What’s worse is that if a late payer ends up in bankruptcy, it takes the rosiest-colored glasses to hope for more than pennies on the dollar.

Spotting negative warning signs and trends among customers in advance of troubled waters, such as insolvency, is critical for credit managers. If enough red flags are in play or a couple are massively troubling, it is imperative to ensure that the open terms on which the customer is buying are not too lenient. If negotiating changes to an existing non-contractually bound situation, doing so more than three months in advance is so important.… Read the rest