Columbia, MD: February 25, 2014â€”Dynavistics, Inc. was recently selected as the newest addition to the National Association of Credit Management's (NACM's) Preferred Partner Program. The NACM Preferred Partner Program allows members of the organization to more easily share and access data. Specifically, NACM members will now be able to use Collect-ITâ€”a collection management software distributed by Dynavisticsâ€”to extract and report their accounts receivable data as well as gain access to the NACM National Trade Credit Report (NTCR). Collect-IT was designed for credit and collection professionals, providing transparency between the sales, credit and collections functions with features such as credit policy documentation, collection action status, performance tracking and a single sign-on for all users. The NTCR provides businesses with factual, accurate, fresh and relevant information on how a prospective customer pays its invoices so that a decision on whether to sell on credit can be made.
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.
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Columbia, Maryland: February 19, 2014 â€“ In partnership with the U.S. Department of Commerce, a coalition of business, trade, and educational organizations will host The Global Connect: Arizona Trade Finance Seminar on Friday, February 21, 2014 at Thunderbird School of Global Management.
The seminar brings together trade finance experts from both the public and private sectors to discuss the resources available to U.S. exporters, especially local small and medium-sized companies, for their financing needs. This seminar is also offered in support of the advancement of U.S. Hispanic-owned businesses in global markets. Participants will have the opportunity to meet with experts one-on-one.
National Association of Credit Management's CMI report for January encourages, rebounds to 57.3. Main indices improved and all sub-indices are now out of contraction territory, indicating December was the likely the anomaly.
Columbia, MD: January 30, 2014â€”January's reading for the Credit Managers' Index (CMI) from the National Association of Credit Management (NACM) rebounded to 57.3, the highest point reached in over a year and even more robust than the 57.1 notched in November. This now begs the question, which of the last three months is signaling the real trend? The November CMI hit a two-year high followed by a December low that took the index back to summer levels and now the January is back to highs not seen in two years. In December, there was a palpable gloom falling over the economy where the data was concerned. The December CMI recorded a low not seen since July and it looked as if all the gains that started to accumulate in the third and fourth quarters were evaporating. The January data dispels that mood a little.
Market-watchers looking for holiday cheer would be hard pressed to find any in the December Credit Managers' Index (CMI), published by the National Association of Credit Management (NACM). The Combined Index fell dramatically from 57.1 to 55.6, erasing most of the gains made in the last few months and taking the CMI back to levels not seen since the middle of summer. Though the manufacturing index fell by a full point from 56.7 to 55.7, it was the service sectorâ€™s two-point fall from 57.5 to 55.5 reflecting a slow response to Christmas and a slowdown in the housing sector that delivered the hardest blow.
The CMIâ€™s four favorable factors registered the biggest declines, as the gains made in the second half of the year seemed to evaporate. Overall, the favorable factor index fell from 61.3 to 59.3, driven by a sharp reduction in sales, which stumbled from 63.4 in November to 58.7 in December, marking the fifth lowest sales reading in the last 12 months. New credit applications dropped by two points from 59.2 to 57.2, a reading not seen since April, and dollar collections slipped a full point from 59.7 to 58.7. The smallest drop occurred in amount of credit extended, from 63.2 to 62.6, which could be the only silver lining in the favorable factor index. "This suggests there might be an opportunity to recover in the coming months," said NACM Economist Chris Kuehl, PhD. "It gives some faint hope that many companies are still interested in making credit available to the customers they trust."
Manufacturing and service sectors trade prior month's fortunes in the November CMI report from the National Association of Credit Management, but largely signal an overall stability and potential for growth in 2014.
Columbia, Maryland: November 27, 2013â€”The Credit Managers' Index (CMI), published by the National Association of Credit Management (NACM), increased to 57.1 in November, registering its highest reading since the beginning of the recession in 2008.
Building on the optimism from October's CMI, where respondents shook off the crisis in Washington to deliver the index's best figures in over a year and a half, November's readings signify a newfound stability in businesses' attitudes on the economy as well as a greater sense of security in their investments. "There is a real sense that credit is more available than it has been in some time, which bodes well for the coming year," said NACM Economist Chris Kuehl, PhD. "This is not to say that a shock to the economy would not force a decline, but more resilience has formed than has been the case."