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Media Contact: Diana Mota, Associate Editor, 410-740-5560, dianam@nacm.org

NACM’s Credit Managers’ Index for February on a Decline

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February's economic report from the National Association of Credit Management dropped to the lowest it's been this year. The combined index fell from 55.1 in January to 53.2 this month.

Columbia, MD: February 27, 2015–The February report of the Credit Managers' Index (CMI) from the National Association of Credit Management (NACM) significantly dropped this month, an unexpected decrease given where projections were a few months ago. The monthly economic indicator's combined scored declined to 53.2 in February, down from 55.1 in January.

"That is a nasty drop and at no point in the last year has it been that low," said Chris Kuehl, Kansas City-based NACM economist. "In December it stood at 54.9 and that was seen as bad enough. The reduction in the overall score was reflected in reductions across the board­­â€”favorable and unfavorable factors and in both the manufacturing and service sectors."

The survey measures activity in manufacturing and service sectors among business-to-business credit professionals. According to the survey, the index of favorable factors fell to 57.2 and sales dropped to 59.—both categories falling from the 60 range since March 2014. The new credit applications category also set a record, dropping from 58.3 to 54.4.

NACM’s Credit Managers’ Index for January Starts Year in Favorable Direction

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Movement in January’s economic report from the National Association of Credit Management delivers a cautiously optimistic start to the new year as the index improves slightly. The combined index rose this month after two consecutive months of slippages.

Columbia, MD: January 30, 2015–The January report of the Credit Managers’ Index (CMI) from the National Association of Credit Management (NACM) has joined the ranks of the cautiously optimistic. After two consecutive months of slippages, the monthly economic indicator’s combined score moved forward to 55.1 in January, up from 54.9 in December.

“This is certainly not a spectacular turnaround as the index was at 55.8 and 57.0 in November and October, respectively,” said Chris Kuehl, Kansas City-based NACM economist. “The fact is January’s reading is still the third lowest in the past year, but it is trending in the right direction this month.”

NACM’s Credit Managers’ Index for December Ends Year on Weak Note

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The movement in December’s economic report from the National Association of Credit Management ended the year on a disappointing note, creating the sense that economic momentum has stalled. All eyes are on January in the hopes that the slide doesn’t deepen.

Columbia, MD: December 31, 2014—While other economic indicators remained strong, the December report of the Credit Managers’ Index (CMI)  from the National Association of Credit Management (NACM) shows several categories with lows not seen since March 2014. Overall, the combined numbers for manufacturing and service sectors fell to 54.9, compared with 55.8 in November. “It would have been nice to end the year on a high note,” said Chris Kuehl, PhD, NACM economist. Although durable goods orders were robust, employment numbers solid and retail sales better than many had expected, CMI data ended the year by falling over two consecutive months to its worst numbers since the start of 2014. “That is a real worry,” Kuehl said.

NACM’s Credit Managers’ Index for October Returns to Prior Levels, Sits at 62.6

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October report from the National Association of Credit Management dismisses September's poor performance. Readings for deductions, disputes and past due accounts climb out of contraction, enforcing the notion of resilience in the economy.

Columbia, MD: October 31, 2014—The October report of the Credit Managers' Index (CMI) from the National Association of Credit Management returned to a respectable status, jumping more than two points from 54.9 to 57.0. The readings are back to highs seen at the start of the year. The index of favorable factors cleared 60 comfortably and now sits at 62.6, which is still off the pace set in July and August, but is trending in the right direction again. The fall of the index of unfavorable factors to 50.9 last month was concerning as it was the lowest point reached in almost two years, but its impressive gain this month to 53.2 reaches back to March readings. This means that the concerns about the state of creditors have eased a little.

National Association of Credit Management to Host Live Webinar on How Tech Data Achieved a 120%+ Efficiency Improvement on Credit Reviews with Automation in SAP

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Join NACM and HighRadius to learn how Tech Data leveraged innovative technology to automate the retrieval of credit information from credit and trade groups.

Columbia, MD; October 15, 2014—The National Association for Credit Management (NACM), a leading resource for credit and financial management information and education, and HighRadius Corporation, a leading provider of financial supply chain management (FSCM) solutions, are proud to announce a complimentary webinar on October 16 with Tech Data on "How Tech Data Achieved a 120%+ Efficiency Improvement on Credit Reviews with Automation in SAP."

The webinar will offer expert advice from Mary Ann Blackmore, senior manager of credit at Tech Data Corporation, Michelle Herman, business development at NACM, and Jay Tchakarov, director of product management at HighRadius. Registrants will learn how Tech Data leveraged innovative technology to automate the retrieval of credit information from credit and trade groups and used it to drive credit reviews in order to maximize team member efficiency and focus on high-value activities.

This informative webinar will specifically cover how Tech Data was able to:

  • Automate credit report retrieval to eliminate manual tasks
  • Setup a fully integrated and automated credit scoring and prioritization mechanism to identify highest risk accounts
  • Save money by transitioning segments of international business away from credit insurance
  • Re-allocate resources to higher value-added activities
  • Enable growth without growing their department team

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