Issued September 5, 2006 The seasonally adjusted Combined Credit Manager’s Index (CMI) fell in August from 57.6 to 57.3. The index continued to indicate an economy with good momentum, but it also revealed some pockets of weakness. While the manufacturing, services and combined indexes were all above the 50 mark, indicating economic expansion, both the [...]
A recent survey of 13 NACM affiliates across the U.S. revealed that they collected over $25 million in outstanding overdue bills for their members in 2005. Members of NACM’s Asset Management Service Committee conducted the survey. Dean Wangsgard, CCE, chairman of the committee and President of the NACM Affiliate Business Credit Services in Salt Lake [...]
The use of credit cards in making business-to-business payments is becoming more prevalent. The process and costs of using this method of payment was explained during an NACM teleconference August 16. Lora Wettengel, Assistant Vice President, Fifth Third Bank, an expert on credit card processing, conducted the teleconference entitled; “Business-to-Business Processing Overview.” Wettengel said the [...]
NACM- Teleconference: Does your company issue checks, payroll, customer credit refunds, accounts payable/receivables? How about gift cards/certificates and/or rebates? Is your company implementing procedures and/or is subject to regulations established in accordance with Sarbanes-Oxley? If you answered "yes" to any of these questions, this teleconference is a must! Specifically designed to address the various laws, [...]
"The seasonally adjusted Combined Credit Manager’s Index (CMI) for July was virtually all good news,” comments Dan North, Chief Economist with credit insurer Euler Hermes ACI. “All three of the major indices were up on both a month-to-month and a year-over-year basis. In addition, all three major indices stand well above the 50 mark indicating [...]
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