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

International Trade Administration Releases New Trade Finance Guide, 3rd Edition at FCIB's 23rd Annual Global Conference in Philadelphia

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User-friendly, easy-to-read guide on how to get paid from export sales is now available.

Columbia, MD: November 13, 2012—The U.S. Commerce Department's International Trade Administration's (ITA) released the third edition of its Trade Finance Guide: A Quick Reference for U.S. Exporters today at the Finance, Credit and International Business Association (FCIB)'s 23rd Annual Global Conference.

"Since the publication of its first edition in 2007, the Trade Finance Guide has been an invaluable self-learning tool to America's small and medium-sized businesses," said Francisco Sánchez, Commerce Under Secretary for International Trade. "This tool helps American businesses of all sizes and in all sectors overcome one of their major export challenges: how to get paid, thereby turning their export opportunities into actual sales."

NACM Launches UCC Filing Service under New Secured Transaction Services Division

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Columbia, Maryland: November 15, 2012—The National Association of Credit Management (NACM) expanded its existing services to credit and finance professionals this week by announcing the addition of its new UCC Filing Services, which joins its Mechanic's Lien and Bond Services (MLBS) under the umbrella of NACM's Secured Transaction Services (STS) division.

Security interests under Article 9 of the Uniform Commercial Code (UCC) are now a part of the coverage offered by the National Association of Credit Management's (NACM's) Secured Transaction Services division. The new and existing filing services provide the means to mitigate the risk of debtor nonpayment for businesses that sell or finance various types of personal property under Article 9, as well as those that provide labor, materials and other services under state law.

FCIB Global Conference on Trade Offers Insights into Tomorrow, Today

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Columbia, MD: October 16, 2012—The Finance, Credit and International Business Association (FCIB), the international division of the National Association of Credit Management (NACM), will host its 23rd Annual Global Conference at the Philadelphia Marriott Downtown on November 11-13, 2012.

This year's conference will be geared toward offering attendees insight into the trade world of tomorrow, today. Financial risk management is a profession firmly focused on the future. Though the tools used to evaluate a customer's creditworthiness, whether financial statements or other indicators, might come from the past, the goal of these practitioners is to ensure their company gets paid in the future.

The 23rd Annual Global Conference will offer the sort of knowledge that these professionals need to thrive in today and tomorrow's global finance market. In addition to offering unparalleled networking opportunities, the event will feature a keynote presentation from Myron Brilliant, senior vice president of international affairs for the U.S. Chamber of Commerce, as well as several other timely educational sessions on topics as diverse as navigating the Middle East and the real costs of outsourcing a company's credit and collections functions.

Does Your Company Need a Better Credit Score? Tell Your Suppliers to Share Data

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Columbia, Maryland: October 10, 2012—Companies of all sizes looking for a better business credit score and cheaper financing should ask their suppliers to report their accounts receivable data to credit reporting companies, according to the National Association of Credit Management (NACM).

Tightened access to credit in the wake of the Great Recession has affected businesses as much as it has affected consumers. Banks and other lending institutions have remained risk averse in what’s been an underwhelming economic recovery, and their decision not to loosen their purse strings has made it harder for consumers to start spending again, and for companies to start growing again.

Credit Managers’ Index for September Drops Slightly, Maintains August Gain

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The National Association of Credit Management’s (NACM) economic report for September 2012 managed to maintain most of the gain made in August. The slight drop of only half a percentage point implies some momentum will carry into the fall.

Columbia, Maryland: September 28, 2012—The Credit Managers’ Index (CMI) number for September is nearly the same as in August, falling only half a percentage point to 55.3. The gain made in the CMI in August showed an economy with an overall better performance than earlier in the year. The August 55.8 was the highest this year, except for the February number, which matched it. The sense was that some key areas were showing improvement. The CMI has only been at or above this level three times this year. In short, the bounce first registered in August appears to be more secure than originally assumed. Slight shifts in some categories (factors) have implications for the next few months, but it can be asserted at this stage that the momentum from late summer is carrying forward to some extent into the fall.

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