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Credit Managers’ Index for April 2013 Posts Significant Decline

The National Association of Credit Management’s CMI for April 2013 for April 2013 reports less than optimistic conditions, including more companies feeling the stress of the slow economy and failing to meet payment terms. The release will illustrate that the Credit Managers’ Index (CMI) for April fell to levels not seen in over a year. Though still expected to be in expansion ... Read More »

Shooting the Messenger? U.S. DOJ Ready to Bear Down on Ratings Agency Standard & Poor’s

The U.S. Department of Justice (DOJ) confirmed what began as speculation from media sources and eventually the defendant itself, on February 4, by filing a lawsuit against one of the “big three” credit ratings agencies. Just weeks after the European Union voted on measures essentially designed to censor overly-negative analysis, warranted or not, by the agencies, the U.S. federal government ... Read More »

Commercial Credit Information: Disclosure of Sources of Negative Information Looms

A bill in the Virginia House of Delegates would require commercial credit reporting agencies to identify their sources of “negative information” when they provided a copy of a report to the subject.  This means that Virginia buyers would know which of their suppliers shared any of their negative payment history with a commercial credit reporting agency. The bill, HB 2198, ... Read More »

US Risk Climate: Bankruptcies down 22% in 2012

Despite a pair of noteworthy increases near year’s end, 2012 closed with commercial bankruptcy filings at their lowest total since the 2008 financial crisis. According to data provided to the American Bankruptcy Institute (ABI) by Epiq Systems, Inc., there were 57,788 total commercial bankruptcies during calendar year 2012, a 22% drop from the 74,415 filings during the same period in 2011. Chapter 11 ... Read More »

Credit Managers’ Index (CMI) Declines on Disappointing Sales Figures

Though a number of favorable factors that help comprise the National Association of Credit Management’s Credit Mangers’ Index (CMI), problems with sales ultimately outweighed the positive toward the end of 2012. The CMI, available Friday afternoon (see link at bottom of story), will show a slight decline for the month largely on disappointing sales figures. NACM economist Chris Kuehl believes ... Read More »

European Debt Crisis Likely to Push Bankruptcies to Higher Levels

The ongoing debt crisis in Europe continues to spread to the point where even the powerful German manufacturing sector is starting to take a hit. FCIB Global Conference Speaker Ludovic Subran, of Euler Hermes, noted this is likely to push bankruptcies much higher in a number of economies there. Subran noted that projections show low growth, if any, in most ... Read More »

Credit Management Recommendation of the Month: Tell Your Suppliers to Share Data

If Your Company Needs a Better Credit Score?  Tell Your Suppliers to Share Data 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 ... Read More »

FCIB Announces Its 2013 International Credit and Risk Management Summit

PRAGUE, CZECH REPUBLIC – 12-14 May 2013  The Corinthia Hotel This annual European conference delivers top-quality speakers in a relaxed atmosphere at some of the best venues around Europe, providing an excellent opportunity to discuss hot topics affecting the day-to-day workload of the credit manager and finance director. Keynote Speech from Euler Hermes Economist, Ludovic Subran Trading Conditions in the ... Read More »

FCIB’s 23rd Annual Event Global Conference

Outsourcing a Likely Hot Topic at November FCIB Event in Philadelphia November 12, 2012 In down, or even underwhelming but growing economic times, the topic of outsourcing is bound to come up and draw emotional responses from both sides of the argument. The credit industry is not immune. As such, the topic is likely to inspire a hot debate at ... Read More »

USA Credit Climate: NACM’s Credit Managers’ Index (CMI Reflects a Grim Reality of Deteriorating Economic Conditions

The Credit Managers’ Index (CMI) for July – available now at www.nacm.org  and Thursday in eNews – will reflect the grim reality of the economy of summer 2012.  It became obvious some months ago that another spring swoon was underway and, like the last few years, the summer was an extension of the deterioration, according to various CMI statistics.  “The ... Read More »

Credit Professionals Split on Sharing A/R Data

According to the NACM (National Association of Credit Management) monthly survey for June, 51% answered “yes” when asked, “Do you share your full accounts receivable information or tradelines with any credit reporting company?” A still sizable 46% answered “no,” and the remaining 3% weren’t sure. IT concerns were a popular reason for why companies wouldn’t share their A/R information. “We ... Read More »