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


Credit-Trends

NACM-SE.COM

February 2014

Upcoming Events

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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Need To Know


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

Quote of the Day

"In all matters of opinion, our adversaries are insane. "

Oscar Wilde


Site of the Day

FlightCaster

"FlightCaster predicts flight delays 6 hours before airline alerts. FlightCaster predicts flight delays. We use an advanced algorithm that scours data on every domestic flight for the past 10-years and matches it to real-time conditions. We help you evaluate alternative options and help connect you to the right person to make the change."


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


NEW JOBS POSTED!!

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.


Expanded Panama Canal Opening Jeopardized in Ongoing Cost Dispute

Talks between the Panama Canal Authority and the Spanish company hired to build the new lock system that broke down last week with such anger that many believed the rift to be insoluble, have apparently restarted. Still, the dispute continues as neither side is taking too big of steps to the high road at this stage and avoiding acceptance of blame for massive cost overruns. More


Fed: Industrial Production, Manufacturing Well Off the Mark to Start 2014

The latest statistics from the Federal Reserve show that industrial production suffered a pretty significant setback to start the year. That said: the hope is that most of the sluggish performance can be tied to severe winter weather in many parts of the country.  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.


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


New York Retainage Law Reform Effort Coming this Year

New York State Assemblyman Edward Braunstein will serve as the primary sponsor on legislation this year designed to bar general contractors from holding money from material suppliers. When the National Association of Credit Management (NACM) asked Braunstein, he said it was a fairness issue. He believes that the proposal has a strong chance this year in the state assembly.  more


Creditors' Committee in Crosshairs of Detroit Bankruptcy Case

Attorneys representing the city of Detroit have asked Judge Steven Rhodes to dissolve the creditors' committee involved in the Chapter 9 bankruptcy there, arguing that it could stymie mediation efforts in the municipal bankruptcy, characterizing it as counterproductive, imprudent and unnecessary. Should Rhodes disband the committee, it could encourage attempts to disband committees in other bankruptcies of various types going forward.  more


Ukraine Central Bank Puts New Restrictions on Foreign Exchange Transactions

The National Bank of Ukraine's (NBU's) Resolution No. 49 took effect last Friday, placing a number of new restrictions on foreign exchange transactions that could greatly limit the ability of companies with customers in Ukraine to get paid.  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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