Newsletters

In This Issue
- Where's the Royal Road in Credit
- Creative Credit Policies in an Economic Down Turn
- Planning for Credit Congress

Looking Ahead

Help gain information on your customers. As a member, their information could help build the database on your customers. It's not just a one-way street. more Info

Where's the Royal Road in Credit?

by Allen Vickers, CCE, A & K Railroad Materials, Inc.

Five hundred years before Christ, the Persian King Darius the Great, built a magnificent road to facilitate rapid communication throughout his vast kingdom. Messengers on horseback could cover unimaginable distances, traveling up to 1,677 miles in a week! The Persian couriers were so remarkable, it caused a Greek historian, Herodotus to note, "Neither snow, nor rain, nor heat, nor darkness of night prevents these couriers from completing their designated stages with utmost speed." Years later this memorable description became the standard, or the creed, for the U.S. Postal Service.

The Royal Road was such a remarkable improvement in travel that it was copied by the Romans as a way to make transportation more efficient throughout their empire. It also became the basis for a well known quote when King Ptolemy asked Euclid for an easier way of learning mathematics. Euclid replied, "There is no Royal Road to geometry." View full article  

Intermountain Commercial Record Utah Public Record Information - 1 year FREE Online database subscription with current or new subscription.  More information  

Creative Credit Policies in an Economic Downturn

by Caryl Nielsen, CBF, Valley Glass Corp

The construction industry, like many others, has been hit hard with the economic down turn. The bottom falling out of the construction industry has made us realize that our trade is not a necessity, but a luxury that most people can live without or put off indefinitely. We find ourselves asking different types of questions like "How can we" instead of "Who should we."

Our education and experience tell us that as creditors and collectors, we can't have a lenient credit and collection policy. Credit policies and procedures should be stringent and well researched.There must be a careful evaluation of a company's ability to pay back the amount of credit we have entrusted to them. Collection policy should enforce the terms of the extension of credit as set forth in our credit policy. If you choose to be lenient in one, you should be very stringent in the other. This is a must to be successful. View full article

Do you have the desire to boost your career with credit education but you lack the financial means to move ahead? NACM provides scholarship opportunities to members.More information

Planning for Credit Congress?

June 10-13, 2012 in Dallas, Texas

Budget Now for Credit Congress 2012

Q: Where can I find the knowledge and training to protect my company's accounts receivable?

A: NACM's Credit Congress & Exposition. NACM assembles the cream of the crop in the field of business-to-business credit and packs it into three full days of education.

Regardless of your level of experience and knowledge, Credit Congress provides a stimulating and enlightening variety of topics to assist any level credit personnel to advance.

Here is a broad view of what Credit Congress offers:
* Building/Construction
* Collections
* Credit & Risk Management
* International Credit
* Legal Issues
* Performance Metrics

Credit Congress 2012 will be held at the Gaylord Texan Resort & Convention Center in Dallas, Texas.

More Information  

Note: Southwest Airlines flys into Love Field, 45 minutes away from the convention center. Dallas Fort Worth Airport is 18 minutes from the convention center.