** nacm southeast strength in numbers **     NACM-SE


Credit-Trends

NACM-SE.COM

April 2014

Upcoming Events

NACM-SE 113th Annual Meeting

Maggiano's - Buckhead

May 8, 2014

Details


NACM Credit Congress

Orlando, FL

June 8-11, 2014

Details

 

 

 

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Partners



NACM-SE & Experian


NACM-SE & Equifax


NACM-SE & D&B


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Participate


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Need To Know


Fighting Fraud with the Red Flags Rule: A How-to Guide for Business

Quote of the Day

"I refuse to join any club who would have me as a member. "

Groucho Marx


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Google Flights

"Choose your flight from a simple list of results, explore destinations on a map, and find travel dates with the lowest fare with Flight Search."


NACM-SE 113th Annual Meeting of Members - May 8th

Come join your fellow Members as we celebrate our 113th Annual Meeting. Reception starts at 6:00PM followed by dinner, installation of Officers and Directors and Door prizes.  More



NACM-SE Commercial Collection Services

NACM SE offers professional commercial collection services, employing experienced commercial collectors. Over 100 years of continuous, effective and economical service to our members has resulted in a large volume agency. Because we are an affiliate of the largest network of commercial agencies in the country, you have the opportunity to employ a national agency, whose competitive rates enables members to obtain professional assistance to collect delinquent accounts earlier and therefore, more effectively.  More


NACM-SE Credit Application Clearance Program

With many companies cutting staff, NACM-SE can be of assistance in the clearance of your new credit applications. Our program is designed to allow managers and analysts to dedicate their time and resources to more productive areas while allowing us to verify trade and bank references. You will also receive the benefit of trade information in our vast database. For more information on our credit application clearance program click here or contact us at: 770-491-3313 and ask for the credit reporting manager or email us at:  nacm@nacm-se.com.


California Considers New Commercial Credit Reporting Regulations

A bill before the California State Assembly would impose new regulations on providers of commercial credit reports. Assembly Bill 2564, introduced earlier this year by Assemblyman Brian Nestande (R), was referred to the Committee on Banking and Finance last week and represents the most recent effort by a state legislature to extend consumer credit reporting regulations to their commercial credit counterparts. More


Days of Japan as Super-Exporter Over?

The Japanese economy has been dependent on its export sector for decades and, in truth, this will likely be the case for some time to come. But there are changes underway that will have a lasting impact on the way the nation conducts its business.  more


Have a position to fill? NACM-SE Career Services Can Help! 

We Can Help Staff Your Short Term Needs As Well!

NACM-SE's career services offers our members a site where positions can be posted free of charge.  A small fee is charged in the event the posting leads to the successful hiring of a candidate. A portion of the proceeds go to fund our scholarship program. For more details visit:  www.nacm-se/career services  We also offer short to long term contract staffing to assist our members bridge temporary vacancies.  Give us a call for more details.


What issues are you dealing with at work? Do you have a topic for an upcoming NACM educational seminar? Your Association can be a valuable resource for education to you and your company. Let us know how we can assist!  click here to submit your educational topic


EU Votes to Include Commercial Cards in Interchange Fee Limits

The European Parliament voted earlier this month to include commercial credit cards in their new statutory limits on credit card interchange fees.  more


Flash PMI Foretells China Switching Fates with US, EU Counterparts

Though final statistics for April will not be available until early next month, the Flash Purchasing Managers' Index (PMI) from Markit Economics and HSBC, which handles China, indicate that the world powers are going in drastically different directions.  more


Report: Money Laundering High on Radar with Company Officials

The latest KPMG Global Anti-Money Laundering (AML) survey tracking fraud and other trends that are watched closely by financial institutions indicates that the topic “has never been higher on senior management’s agenda.”  more


NACM-SE Business Credit Reports


NACM National Trade Credit Report

The NACM National Trade Credit Report database now includes accounts receivable contributions from over 10,000 companies throughout the country. The data is collected from monthly electronic contributions and industry credit groups. Over 7 million trade lines are now available. Individual reports can also be updated by contacting our credit reporting department.

Business Credit Reports Available Through NACM-SE:

Best-in-Class Service from NACM's Mechanic's Lien and Bond Services (MLBS)

MLBS' newly redesigned Lien Navigator is a web-based service that provides up-to-date information for all 50 states and Canada, including notice, lien, payment bond and suit timelines, procedures and other relevant information in a state-by-state/province-by-province format. MLBS also offers two preliminary notice to owner (NTO) services, deadline tracking, a lien and bond filing program and a suit against bond and foreclosure service. Both NTO services include, at no additional charge, a Next Action Notification Email. These reminders are sent automatically to ensure that your lien and suit deadlines are met during each step of the lien process. For more information on NACM's MLBS,  click here.

Consumer Credit Reports

Access to all three credit bureaus - TransUnion, Experian and Equifax, all with no contract commitments, are available through our partner OneCreditSource.

 



NACM-SE "Member-Get-a-Member" Program

As part of NACM Southeast's continued initiative to expand the networking opportunities of its members, your Association has introduced the "Member-Get-A-Member" Program. Any representative of a current member company who refers a prospect company for general membership with NACM-SE or one of its sponsored industry credit groups, the referring individual will receive a $50.00 gift card. The award will be distributed upon the prospect joining and payment of appropriate dues. The referring company must be a member in good standing at the time the prospect joins NACM-SE.  Member Get a Member

For more information contact Todd Elliott.


Five Keys and Benefits of Outsourcing Past Due Receivables to NACM-SE:

Any company, large or small, that extends credit usually has some amount of receivables owed from slow paying or non-paying customers. The fact that not all customers pay, or pay on time, is reflected in balance sheets under the description bad debt or other receivables. Aging receivables can be managed internally or by outsourcing to NACM-SE.  More


NACM-SE Scholarship Fund

NACM-SE is now accepting applications for 2014 scholarships. Please visit the link below for further information on the scholarship program and to apply.

As part of our commitment to continued educational offerings to our members, the NACM-SE scholarship program was created to allow those credit professionals who otherwise would be unable to attend continuing educational programs an opportunity to apply for scholarships. If your organization is interested in supporting the scholarship program in the form of a donation to the NACM-SE scholarship fund please contact Todd Elliott at 770-491-3313 x 309.

To be considered for future scholarships please visit:

http://www.nacm-se.com/scholarship.asp.


NACM's Credit Manager's Index (CMI)

The Credit Manager's Index (CMI) is created from a monthly survey of credit and collection professionals. The CMI survey asks NACM members to rate favorable and unfavorable factors in their monthly business cycle. Favorable factors include sales, new credit applications, dollar collections, and amount of credit extended. Unfavorable factors include rejections of credit applications, accounts placed for collections, dollar amounts of receivables beyond terms, and filings for bankruptcies. The results provide a benchmarking and forecasting tool that looks at the entire cycle of commercial business transactions. The CMI has gained rapid acceptance among the business and financial community as an economic indicator to both watch and on which to report.


Member participation in this survey is both welcome and encouraged, and takes less than five minutes each month! However, it is an ongoing monthly commitment. Go here to view the most recent data:

Current Credit Manager's Index Report


NACM-SE programs and services are designed to meet the needs of all levels within member company's credit and financial operations. Please let us know the names and contact information for all individuals within your organization who would benefit from NACM programs and services and we will include them in future distributions.

Submit to: nacm@nacm-se.com or contact Todd Elliott at ext. 309 for more information.

8000 Miller Court E., Norcross, GA 30071

Phone: 770-491-3313 Fax: 770-939-3096

http://www.nacm-se.com

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