Nov 18, 2020

Posted by & filed under HighRadius.

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

Nov 20, 2020

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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

Sep 17, 2020

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Emily Crowder – Account Executive
Spokane, WA

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

Sep 16, 2020

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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

Sep 16, 2020

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Written and provided by HighRadius

The COVID crisis has shown that A/R and finance departments in the enterprise organizations can function successfully, even without the whole team (or parts of it) working from the office. While it is true that we have all gotten used to remote-working now, with the economy slowly opening, a lot of us might be returning to the office soon. In order to effectively plan this transition, while avoiding any knee-jerk reactions to your finance operations continuity, leaders today need a plan.

Here are ten actionable insights that HighRadius has collated from conversations with various industry experts and practitioners, that you should be following for success in the aftermath of the COVID crisis.… Read the rest

Sep 16, 2020

Posted by & filed under Credit.

Background
COVID-19 is having a profound impact on millions of businesses and their customers, especially from a cashflow perspective. Many small businesses are having trouble meeting their payment obligations. These types of payment and cash flow challenges consequently highlight the need for lenders and business creditors to more effectively manage these risks. Based on the current economic environment, lenders and trade creditors need to take proactive steps to analyze exposure within their commercial portfolios, assess account-level performance, segment those accounts by
risk, and create a strategy to manage risks.

Common business challenges for today’s economic climate

  • — Before the current economic environment, lenders forecasted bad rates in their commercial portfolios based on past account performance and used traditional scoring in a less frequent cadence and focused on portfolio review.
Read the rest