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NACM has a wealth of member experts in the fields of business-to-business credit and law. Consider using NACM as a resource in the development of your next business story.

Media Contact: Caroline Zimmerman, Editorial Director, 410-740-5560, carolinez@nacm.org

NACM Releases 2014 Issue Brief in Conjunction with National Small Business Week

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Latest version of the commercial credit industry's policy priorities includes updated section on consumer and commercial credit reporting and all-new construction law positions.

Columbia, MD: May 13, 2014—The National Association of Credit Management (NACM) released the latest edition of its Legislative Introduction and Issue Brief today, in conjunction with National Small Business Week. In addition to reiterating its suggested reforms to make the Chapter 11 bankruptcy process work better for commercial trade creditors and smaller companies, NACM's 2014 Issue Brief also includes an updated, expanded section on the important differences between consumer and commercial credit reporting and an all-new section detailing NACM's first-ever positions on reforming construction law in order to better enable small businesses to participate and grow through both public and private construction projects.

"During Small Business Week last year, NACM released the 'Commercial Credit Reporting: What Every Company Needs to Know' fact sheet, which was designed to give smaller companies the information they needed to manage and grow their company's own commercial credit profile, and how this type of credit differs from its consumer counterpart," said NACM President Robin Schauseil, CAE. "This year NACM's Issue Brief charges lawmakers to recognize these same differences, so that when they attempt to enact legislation that regulates the vital resource of business credit information, they do so in such a way that doesn't limit the exchange of this data, which does nothing less than fuel the majority of business commerce."

HighRadius and NACM Raise the Bar with Commercial Credit Integration

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NACM Preferred Partner HighRadius brings the power of industry credit reports directly into credit management to automate manual work, streamlines processes and reduce risk. 

Columbia, MD: May 8, 2014—HighRadius Corporation, a leading provider of financial supply chain management (FSCM) solutions, and the National Association of Credit Management (NACM), a leading resource for credit and financial management information and education, are proud to announce the completion and go-live of HighRadius’ extensive integration of NACM’s commercial credit reporting services.

This innovative integration automatically parses incoming NACM data and pulls it directly into credit workflows, allowing members to isolate, weigh, score, track and trend virtually any variable they require. No longer is the member looking at a simple credit report, rather, they are leveraging the collective experience of their fellow NACM members within their industry group, across the United States and in growing numbers internationally. Key integration functionality includes account monitoring, alerts, batch processing of credit scores, full reports and, most recently, data reporting to NACM’s National Trade Credit Report (NTCR).

“HighRadius raised the bar with the wide array of information our members can obtain through automation and use to directly drive their credit management activities,” said Bill Meeker, Chairman and CEO of NACM Tampa, Inc. “The deep integration with HighRadius’ configurable products reduces not only the time and cost of incorporating NACM information into credit workflows, but also the resources needed to share data with the National Trade Credit Report database.”

National Association of Credit Management Selects TermSync as New Preferred Partner

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Columbia, MD: May 5, 2014— TermSync, Inc. was recently selected as the latest addition to the National Association of Credit Management’s (NACM’s) Preferred Partner Program. NACM created the Preferred Partner Program to capitalize on the incredible array of new and improved technology that has been steadily adopted by their member base over the last several years. Partnering with TermSync extends NACM's reach by surfacing the association’s capabilities and many benefits to a large number of users not yet familiar with NACM.

Introduction to and immersion in NACM typically begins with its members participating in industry trade credit groups, where they learn that the easy and efficient exchange of information becomes a critical component of success. The NACM/TermSync partnership will enable users to leverage TermSync’s accounts receivable management platform to extract and report their accounts receivable data as well as gain access to the NACM National Trade Credit Report (NTCR), which will provide a significantly higher return on investment and level of participation in these groups.

TermSync’s cloud-based platform helps companies get paid faster, reduce administrative costs and improve customer relationships. It works with existing accounting systems and can be up and running in a day or less. Companies can choose from various modules including invoice delivery, customer portals, collection workflow management and advanced reporting and analytics. Currently over 150,000 organizations use TermSync to either pay bills, get paid or both.

Emagia is Newest Addition to NACM Preferred Partner Program

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Columbia, MD: May 1, 2014—Emagia Corporation, a leading provider of Enterprise Receivables Management Solutions, is the latest addition to the National Association of Credit Management’s (NACM) Preferred Partner Program.

NACM’s Partner Program enables members of the organization, who range from large multinational and global firms to local and regional suppliers across the United States, to more easily share and access critical commercial credit information, especially data relating to industry trade groups. This partnership will allow NACM members to use Emagia’s Receivables Management SuiteTM as a conduit for both reporting and accessing critical industry credit data for the growing roster of members who participate in and actively support the NACM National Trade Credit Report (NTCR).

Emagia solutions transform, automate and optimize the Order-to-Cash process. Emagia Receivables Management SuiteTM provides a single, global and integrated platform for managing the credit, collections, deductions, cash applications and online bill presentment/payment processes—empowering finance executives with the most critical insights for optimizing their receivables operations to align with their corporate finance strategy. Emagia Receivables AnalyticsTM provides pre-packaged business intelligence solutions for credit and collections managers and senior finance executives to gain valuable business insight and predictive analysis on receivables management. Adding the NTCR data into the mix will provide another layer of unique and valuable insight.

NACM's Credit Managers' Index Improves to 56

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Though the National Association of Credit Management’s monthly economic report improved, it was not enough to dispel concerns. For now, encouragement comes from the index holding firmly in the mid-50s and the performance of favorable factors like sales and amount of credit extended. 

Columbia, Maryland: April 30, 2014—The Credit Managers’ Index (CMI) from the National Association of Credit Management (NACM) improved slightly in April, rising from 55.5 to 56. The index has yet to rebound to where it was in January, but importantly is still firmly in the mid-50s and starting to trend in the right direction. The index of favorable factors improved from 59 to 60.7, which remains shy of January’s peak of 61.5, but happily back above 60. However, the index of unfavorable factors posted a disconcerting fall from 53.2 to 52.8, recording its worst performance since July and indicating definite signs of distress in the trade debtor community.

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