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Credit-Trends

NACM-SE.COM

March 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

"The only reason people get lost in thought is because it's unfamiliar territory. "

Paul Fix


Site of the Day

City-Data.com

"Stats about all US cities - real estate, relocation info, house prices, home value estimator, recent sales, maps, race, income, photos, education, crime, weather, houses, etc."


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.


Busy Week Ahead for the Data Wonks

There are weeks when the analyst is left trying to make sense of the economy without much to work with and then there are weeks like this one when the calendar is packed with data that might make the current economic trend a little easier to puzzle out. The role of data is always debated as there is no such thing as perfect information and there is no way to accurately predict the future. The best that can be done is to look at what has happened in the past and assume that what motivated people before will motivate them again. The adage that has always been applied to data is never truer than when applied to economics—“you can have data that is fast or you can have data that is accurate, but you can’t have both.” The economic data that gets released this week is a mixed bag of immediate information and some reassessment of older information. More


FCIB Roundtable Spotlights International Dispute Resolution, Regulatory Risks and Resources

Trends in dispute resolution between exporters and their international buyers seem to suggest that the entire process is in the middle of a shift toward the informal. Emerging markets are where the opportunities are, and so exports continue to flow to these countries, but their legal systems remain far less sophisticated than those in the US or the European Union. As such, alternatives to resolving a dispute in court have become more and more popular among international business partners.  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


Fitch Knocks Russia, Affirms US Credit Rating in Wake of Tit-For-Tat Sanctions

The actions by big-3 ratings powerhouse Fitch threw some cold water on the fevered threat of a "new Cold War" between the US and Russia after the latter's absorption of Crimea. While Russia certainly has the US beat in terms of land area, nuclear stockpile and proven oil reserves, America's economy remains eight times larger than Russia's, making it better suited to withstand whatever economic sanctions that Moscow might eventually aim to lob at its Western rivals.  more


Industries to Watch: US Agriculture

It’s been at least a half-decade since US agriculture and downstream industries have faced this much danger so early in the year. In 2014, creditors dealing in the industry need to be aware that some long-term problems could be compounded by domestic weather and geopolitical strife, landing US agriculture firmly on the National Association of Credit Management’s Industries to Watch list.  more


Ukraine Crisis, Potential "Hard Landing" in China Posing Greatest Threats to Global Trade

According to the latest data from Wells Fargo Securities, LLC, global GDP growth is expected to track close to its long-run average of 3.6% in 2014. This would mark an improvement over 2013's figure, when a fiscal headwind in the US and a recession in the Eurozone during the first half of the year constrained global GDP growth to roughly 3%.  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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