Tell us what you love about Extra Credit and what topics you want covered!

This week we are talking about building relationships outside of the credit department!

The last decade has seen tremendous evolutions within the business credit field, with advancing technology transforming the credit management profession. With technology’s growing importance in modern credit processes, the relationship between credit and IT departments is more important than ever.  

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Tell us what you love about Extra Credit and what topics you want covered!

We’re diving into one of the most valuable tools available to global credit managers—the FCIB Credit & Collections Survey.

The monthly survey serves as a global pulse check on real-world credit conditions. It gathers input from credit professionals across key international markets, on things like payment behavior, risk levels, and economic confidence. The Credit and Collections Survey’s insights help you stay informed, benchmark your practices, and even support your internal reporting.

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Tell us what you love about Extra Credit and what topics you want covered!

The construction industry is a layered ecosystem where giants and startups share the same job site, each with unique risks and rules. In a highly competitive industry, the Disadvantaged Business Enterprise (DBE) Program provides marginalized businesses with a fair opportunity to compete and thrive. 

However, rising fraud, such as firms posing as DBEs or using certified DBEs as pass-throughs, undermines the program’s purpose.  

To protect the integrity of the program and avoid serious penalties, it’s essential that credit managers to double check and verify if the DBE is legitimate and it’s performing the work it’s contracted to do 

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Tell us what you love about Extra Credit and what topics you want covered!

The CMI documents trends in accounts receivables that could help credit professionals anticipate and prepare for changes. By taking the time to complete the CMI each month, credit managers are able to give back to the profession by strengthening an economic indicator that is central to so many credit professionals risk mitigation strategy. 

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Tell us what you love about Extra Credit and what topics you want covered!

During turbulent economic times, it is challenging for businesses to maintain stability. With heightened risk, traditional lending often tightens leading more companies to seek financing from private sources.

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Tell us what you love about Extra Credit and what topics you want covered!

Tell us what you love about Extra Credit and what topics you want covered!

Automation is changing the way credit managers do business across industries. For construction credit professionals, efficiency and accuracy is vital, and new technology might be able to help make tough credit decisions faster. 

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Tell us what you love about Extra Credit and what topics you want covered!

This week, NACM hosted its 129th Credit Congress & Expo in Cleveland, Ohio—and things kicked off strong. 

The opening general session featured keynote speaker Brant Menswar, who delivered a powerful message on staying focused and hitting your goals, even when things feel uncertain. 

We caught up with a few attendees to hear what their biggest takeaways were from Credit Congress. Here’s what they had to say. 

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Tell us what you love about Extra Credit and what topics you want covered!

Credit professionals are often focused on supporting others—customers, colleagues and businesses—but they can sometimes forget to take time to care for themselves. In today’s shaky economy, many are facing growing challenges, which can lead to stress and a need for self-care.  

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Tell us what you love about Extra Credit and what topics you want covered!

Tell us what you love about Extra Credit and what topics you want covered!

When it comes to hiring new credit managers, it can be hard to choose which candidate will be the best fit at your company. From the technical skills on their resume to their professional presence during a job interview, there is a lot to consider when hiring for a role a multi-faceted as credit manager. 

Connect with us on LinkedIn: @Nacm-National @FCIB Follow us on X: @Nacm_National @FCIB_Global

Connect with us on LinkedIn: @Nacm-National @FCIB Follow us on X: @Nacm_National @FCIB_Global

Tell us what you love about Extra Credit and what topics you want covered!

It’s no secret that companies across industries are grappling with the ripple effects of shifting supply chains, severe weather events, rising costs and mounting tariffs. 

By developing a crisis management plan, credit professionals can shift from a reactive approach to a proactive one, helping to minimize risk and improve decision making. 

Connect with us on LinkedIn: @Nacm-National @FCIB Follow us on X: @Nacm_National @FCIB_Global