Sep 19, 2019

Posted by & filed under Certification, Economics.

Written by: Keith Prather, Armada Corporation Intelligence

Depending on which media source one prefers to listen to, it seems that we are being pitched two extreme economic conditions. But when we peel back the onion, there is an interesting story at the core of our current economic condition. The U.S. (and the global economy for that matter) is currently in a “tale of two economies.”

The Institute for Supply Management’s August ‘Report on Business’ was a perfect illustration of this dichotomy between two economies. The services sector report, which accounts for 65-70% of the U.S. economy, grew in August with a strong reading of 56.4. This was well above the critical midpoint of 50 (the dividing line between expansion and contraction) and 2.7 points higher than July’s 53.7.… Read the rest

Sep 19, 2019

Posted by & filed under Certification.

Congratulations to our newest designation recipients. Eleanor and Reshnita have earned their Certified Business Associate (CBA) designations and Erika has earned the Certified Business Fellow (CBF) designation. Nice job ladies! 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 (skelly@nacmcs.org).

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Sep 19, 2019

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

By: Jane Hay, Vice President, U.S. Bank Published: April 05, 2018

The global market is always changing, with new opportunities and challenges arising every day. Here are several of the major risk factors in international trade to consider.

In the world of global trade, even the best-laid plans can go awry.

I talk with clients every day about the inherent risks of international trade, ranging from preventable errors to unforeseen geopolitical events. For companies looking to expand internationally, being aware of these risks can help minimize the risk of loss and damages.

Here are several key risk factors to keep top of mind:

  1. Commercial risk

    What is commercial risk?


    A sale isn’t a sale until you get paid.
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Sep 19, 2019

Posted by & filed under Bankruptcy, Credit.

Did you know we have more resources like this on our website under our Credit Resources? We are always finding new things to add to this page including this Bankruptcy Checklist that was just updated and added with help from Rod Wheeland, CCE and NACM CS.

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Jul 16, 2019

Posted by & filed under Bankruptcy, Collections, Credit.

Written By: Leah Eisenberg, of counsel, Foley & Lardner LLP

Loans and other debts generally fall under two categories: unsecured debt and secured debt. As will be discussed below, there is a significant divide when it comes to the treatment of a secured creditor versus an unsecured creditor in a bankruptcy proceeding.

Unsecured debt has no collateral or security to back the debt upon default or non-payment. Thus, upon a borrower’s default, the lender/creditor must commence a lawsuit against the borrower to collect on any outstanding amounts owed. Unsecured debt is generally issued based upon the borrower’s reliability, credit history and creditworthiness and contractual promise to repay the debt. Examples of unsecured debt include unsecured lines of credit, an unsecured bond and credit card debt.… Read the rest

Jul 16, 2019

Posted by & filed under Economics.

Written by: Scott Hoyt, Senior Director, Moody’s Analytics

The U.S. economy is growing below its potential. Real GDP growth in the second quarter will probably come in close to 1.5%, while the economy’s current potential is estimated to be between 2.0-2.5%. If growth does not pick-up soon, job growth, which has already moderated significantly from this time last year, will throttle back further and unemployment will begin to increase.

Behind the growth slowdown is fading fiscal stimulus – the boost provided by last year’s deficit-financed tax cuts have largely played out. More importantly, the trade war with China and a long list of other trading partners have undermined business sentiment, is weighing on business investment decisions, and has even begun to impact hiring.… Read the rest

Jul 16, 2019

Posted by & filed under Credit, Security and Fraud, Technology.

Information Compiled by: Kathy Linscott, NACM Commercial Services
Content from Experian and Fair Credit Reporting Act (FCRA)

Companies often keep sensitive personal information about customers or employees in their files or on their network. In today’s world, there is more and more fraud reported all the time. We all hold the responsibility of keeping this information safeguarded. I am sure you have heard the saying, “if you collect it, protect it!” Some rules to follow:

  • Have strong privacy policies in place. Review them at least annually.
  • Keep on top of updates for the latest security software, web browser, and operating system to help against viruses and malware. Consider utilizing layers such as a firewall and spam filters.
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