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Looking Ahead
February - NACM Member Contest Collections Department More Info
Feb 10 - ICEL "Better Credit Decisions Are One Blink Away."
Speaker: Mark Jones Examines ways to improve your ability to make better decisions. More Info
Feb 15 - "Using Financial Statements & Tax Returns as a Credit Tool." Instructor: Scott W. Lee, JD, CPA, CCE Your customers have financial statements which you can review ... if you know what to ask. More Info
Mar 2 - "Credit Boot Camp", Basic Training in Credit & Collections More Info
Mar 10 - ICEL "Economic Landscape for Extending Credit" with Dr. Aric Krause. More Info This is the Executive Appreciation Meeting. This is an excellent meeting to invite your boss to attend.
Mar 16 - "Best Practices for Utah Mechanic's Liens & Bonds," Instructor Dana Farmer, Esq. More Info
Mar 18 - "Southern Utah Mechanic's Lien Seminar" Instructor Scott Lee, JD, CCE More Info
Apr 8 - NACM Stockholders Meeting & Dinner Gala
Apr 14 - ICEL "The Anatomy of Peace" Presentation by Dana Farmer, Esq.
May 12 - ICEL "Mentoring" Speaker Judge Andrew Valdez
May 22 - NACM's 115th Credit Congress & Exposition, Nashville, TN
More Info
You can register for Credit Congress thru Georgette Bevan
Why should I submit potential members to NACM?
Help gain information on your customers. As a member, their information could help build the database on your customers as well it's not just a one-way street. more Info
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Congratulations!
Carolyn Thompson, Meadow Gold Dairies
Carolyn Thompson, Credit Manager at Meadow Gold Dairies in Salt Lake won 2nd place in NACM National's Credit Words Contest. View Contest Winning Articles
Credit Department Mission Statements
by Duane Lee, CCE, SOS Staffing Services
Unlike many other businesses, our Accounts Receivable portfolio is the largest asset of our company. It falls upon my Credit Department to maximize the value of that portfolio. We truly strive to minimize bad debt expense while maintaining an acceptable level of risk. This means at times taking on elevated risk companies as customers to increase revenue while minimizing loss risk through additional security, guarantees or shorter payment terms. View full article
NACM Board Elections go Electronic
Nominees for the NACM Board of Directors
NACM Members will cast electronic votes in the Election of Board Directors this year. On Friday, March 18th, the member of record for each NACM member company will receive an email with an exclusive link to their electronic ballot. You may vote for three (3) of the following six candidates.
Allen Vickers, CCE A & K Railroad Materials
Fred Call, MBA A G Truck Equipment Company
Larry Brooks, CPA, CCE ARUP
Nicole Hicks, CBF Allied Building Products
Jamie Siglin, CBF Interior Window Design
DeAnna Leahy, CCE Sunroc Corporation
Elections will cease at 9:00 a.m on April 8th and new directors will be announced at the Stockholders Meeting to be held at Gardner Village later that same day.
Taking the Mystery Out of Lis Pendens
by Carolyn Thompson, Meadow Gold Dairies
Lis Pendens, what does that mean? The literal meaning of "lis pendens" is Latin for "suit pending." This refers to any pending law suit in which the title of real property is encumbered with a law suit. The notice is to be filed in the County Recorders office where the property is located that is involved in the legal suit. Recording a lis pendens against a piece of property alerts a potential purchaser or lender that the property's title is in question. View full article
Credit Managers Index (CMI)
Economic Indicator with Credit Department Insights
The Credit Manager's Index (CMI), NACM's economic indicator, started taking the market's pulse in January 2003. Since its inception, the CMI has been an immensely powerful and startlingly accurate economic predictor. As more credit managers utilize and understand the CMI they realize that the more participation - the stronger it becomes. Increased participation will allow regional and sector breakouts. View full article and CMI Timeline
Participate in the CMI |
