Extra Credit

Tell us what you love about Extra Credit and what topics you want covered! For this week's episode of Extra Credit, we invited five emerging credit leaders to share their experiences, lessons learned and plans for the future. An emerging leader refers to an individual who is in the process of developing and displaying leadership qualities, often in the early stages of their career. Emerging l...

Tell us what you love about Extra Credit and what topics you want covered! It might feel like the credit and sales teams are speaking two completely different languages. But by putting the company’s goals and objectives first, both departments can become an unstoppable force in driving positive business results. Connect with us on LinkedIn: @ Nacm-National @ FCIB

Tell us what you love about Extra Credit and what topics you want covered! In the modern-day world of social media platforms, influencers have become some of the most prominent figures within the marketing and advertising industries. It may be difficult to think that there are any similarities between social media influencers and credit professionals, but some influencer characteristics are key to...

Tell us what you love about Extra Credit and what topics you want covered! NACM’s Credit Managers’ Index fell 2.6 points in July to 52.4, nearly erasing the jump seen in June. NACM Economist Amy Crews Cutts says the decline can be linked to major drops in three factors—sales, dollar collections and dollar amount beyond terms. Connect with us on LinkedIn: @ Nacm-National @ FCIB

Tell us what you love about Extra Credit and what topics you want covered! Credit professionals have big plans to keep their businesses profitable and successful as the role of credit and accounts receivable (AR) departments continues to grow exponentially each day. In the next 18 months, 41% of credit professionals say their biggest focus for AR is to develop a stronger focus on customer relation...

Tell us what you love about Extra Credit and what topics you want covered! Business bankruptcies have soared to levels not seen since the Great Recession, and it is likely just the beginning. Another worrying trend in corporate bankruptcy is businesses filing for Chapter 11 more than once, also known as Chapter 22 bankruptcy. Connect with us on LinkedIn: @ Nacm-National @ FCIB

Tell us what you love about Extra Credit and what topics you want covered! Some encouraging economic trends and reports suggest that a soft landing may be in the cards, says NACM Economist Amy Crews Cutts, Ph. D., CBE. Find out why during this episode of Extra Credit! Connect with us on LinkedIn: @ Nacm-National @ FCIB

Tell us what you love about Extra Credit and what topics you want covered! The best credit decisions are made in a team environment and several different departments can provide input. A recent eNews poll revealed 97% of credit teams involve upper management in credit decisions, along with the sales team (26%), treasury (9%) and customer service (3%). Connect with us on LinkedIn: @ Nacm-National @...

Tell us what you love about Extra Credit and what topics you want covered! Trust is the foundation of any relationship, whether with your colleagues, friends or family. It can take years to build and seconds to break—and when it comes to leadership in the workplace, earning your team’s trust is the most effective way to improve engagement, retention and business productivity.  Connect with us on L...

Tell us what you love about Extra Credit and what topics you want covered! According to a PWC working capital study, 98% of interviewed CEO’s admitted they could be more confident about the visibility they have over cash flow. Learn how the credit department can create more visibility around AR with the help of automation. This episode is brought to you by BlackLine . Complete our State of AR Auto...

Tell us what you love about Extra Credit and what topics you want covered! On this special episode of Extra Credit, we take you to the Expo floor at Credit Congress in Grapevine, TX to hear how NACM has positively impacted the careers of several different credit professionals. Connect with us on LinkedIn: @ Nacm-National @ FCIB

Tell us what you love about Extra Credit and what topics you want covered! With the pandemic “free money” era officially coming to an end, many businesses that are on the margin are starting to struggle. As a result, corporate bankruptcies are on the rise across the U.S.---commercial Chapter 11 filings increased 105% in May year-over-year. This underscores the importance of an effective collection...

Tell us what you love about Extra Credit and what topics you want covered! NACM’s Credit Managers’ Index slipped 1.6 points in May to 52.2—nearly erasing three months of improvement. NACM Economist Amy Crews Cutts says this indicates the economy could collapse under the mounting pressure of lingering debt ceiling issues, interest rate hikes and continued stress in the banking sector.  Connect with...

Tell us what you love about Extra Credit and what topics you want covered! Automation can be a credit manager's best friend to reduce department turnover, connect with customers and spend less time chasing past-due payments---especially during periods of high interest when businesses rely heavily on accounts receivable departments for cash application. Complete our State of AR Automation surv...

Tell us what you love about Extra Credit and what topics you want covered! Supply chain issues tracing back to the start of COVID-19 highlight the importance of a thorough supplier vetting process. Credit professionals can use their risk management skills on the other side of business to protect their company from faulty suppliers. Connect with us on LinkedIn: @ Nacm-National @ FCIB

Tell us what you love about Extra Credit and what topics you want covered! Data is the brains of business decision-making, which is why it is crucial that credit professionals base risk decisions on clean data.  Connect with us on LinkedIn: @ Nacm-National @ FCIB

Tell us what you love about Extra Credit and what topics you want covered! NACM’s Credit Managers’ Index (CMI) revealed credit application approvals dropped in April even as applications for new credit increased. The factor of rejections of credit applications fell 2.7 points into contraction territory at 49.7—its lowest level since July 2009 during the Great Recession. The flow of credit is being...

Tell us what you love about Extra Credit and what topics you want covered! In-person networking, new educational classes and catching up with friends are just three of the many reasons credit professionals gave to attending NACM's 127 Annual Credit Congress this year. Hear why credit professionals of all different backgrounds say they are excited for June 11-14.  Connect with us on LinkedIn:...

Tell us what you love about Extra Credit and what topics you want covered! Increasing past dues have been the number one challenge for credit professionals in the last year, according to a recent eNews poll. Learn how credit professionals tackle the challenges they face. Connect with us on LinkedIn: @ Nacm-National @ FCIB

Tell us what you love about Extra Credit and what topics you want covered! Artificial intelligence is revolutionizing the way credit professionals make business decisions and assess the creditworthiness of customers. Listen to experts talk about how AI is changing the future of finance.  Connect with us on LinkedIn: @ Nacm-National @ FCIB

Tell us what you love about Extra Credit and what topics you want covered! After roughly nine months of decline that led NACM’s Credit Managers’ Index close to contraction territory, the index seems to be on an upswing. The CMI improved for the second consecutive month in March with a 1.1-point jump to 53.5—its best reading since September.  However, the scale of severity for a recession is pretty...

Tell us what you love about Extra Credit and what topics you want covered! In honor of Extra Credit’s first birthday, we are bringing you a special Best-Of episode. Here is a roundup of the most popular podcast episodes from the last year with topics ranging from recession risk, supply chains, bad debt, best credit qualities, credit goals and hiring shortages. Connect with us on LinkedIn: @ Nacm-N...

Tell us what you love about Extra Credit and what topics you want covered! Credit professionals have reported an increase in payment delays as customers feel the pressure of inflation, supply chain issues and overarching economic volatility. Now is the time for credit professionals to remind customers of any late fee or interest rate policies to encourage timely payments. Connect with us on Linked...

Tell us what you love about Extra Credit and what topics you want covered! Mistakes in the credit department can be costly for a company, but in some cases, it is the only way to learn. Hear how some credit professionals make the best out of failing. Connect with us on LinkedIn: @ Nacm-National @ FCIB

Tell us what you love about Extra Credit and what topics you want covered! Like so many other industries, B2B credit was once a male-dominated profession. In fact, the acronym NACM once stood for the National Association of Credit Men up until 1958 when the ‘M’ was changed from representing the word men to management .  Women have not only joined the credit management profession—they have excelled...