Why Year End is the Best Time to Use CMA, by Kim Lamberty, CAE

These are some things CMA president Kim Lamberty does at year end.

As a credit manager, I am not sure there is any time of the year that is “slow”, especially not year end.  There is always an account that needs attention, money to be collected, training that needs to occur, etc.  However, as we roll into the holidays, I like to take the time to file the piles of paper on my desk and organize the never ending emails so I can be ready to go into the New Year. I also use the time to think about the year that has passed and what I should be doing in the next year to be more successful. This goes for both my personal and professional development.

I visit the website of my professional association to make sure I’m using the resources available to me, which I know I can usually do in about 30 minutes. With technology changing everything so fast these days, I’m sure I missed things that they offer throughout the year because I’ve been busy.

I take the time to look at the education that’s available and sign up for one or two classes to make sure I’m staying current in my job knowledge. I find it’s best to do it at this time of the year since it helps me set goals and objectives for the coming year. Using the same logic, this time of the year is a great time for you to think about 2018 and whether you were successful in achieving your credit goals, and was CMA helpful to you during this journey.  Are you happy with the credit reporting solutions you’ve chosen? CMA’s friendly staff can help you evaluate your current solution to help you assess whether you’re using the best product for your company’s needs.

Professional development in a changing profession like credit is also extremely important. Have you checked out CMA’s education offerings lately? In 2018, CMA conducted more than 30 webinars and seminars at an affordable price point, and many of those are available on demand in topics such as credit card surcharging, terms and policies, lien laws, factoring, and my favorite around this time of the year, stress management. Year end is a great opportunity to review the offerings from the past year and the upcoming year at the same time.

It’s also a great opportunity to review anscers to see if any of your accounts have been reported as past due, slowing or NSF. Again, here’s a great opportunity to call CMA staff to help walk you through the site to make sure you’re using it to its full capability.

I also make a concerted effort to remind the CMA team and our customers about how important they are to me.  This gives me a great segue to say that, on behalf of CMA and our team, we wish you the happiest of holidays and thank you from the bottom of our hearts for your continued support as we strive for a great 2019!

CMA & NCS Form Strategic Partnership

NCS is CMA's Exclusive Provider to bring additional construction lien services, UCC filings to CMA customers

Partnership to expand CMA’s offerings to include additional construction lien services, UCC filings.

FOR IMMEDIATE RELEASE

LAS VEGAS, NV (Sept. 17, 2018)— Credit Management Association® (CMA), who provides extensive services to companies and corporations that sell goods and services through credit transactions, has formed a strategic partnership with NCS, the leading provider of notice, mechanic’s lien, UCC and secured collection services in the U.S. and Canada. This partnership will allow CMA to offer NCS’ breadth of service to CMA members, while providing additional benefits such as access to a variety of educational opportunities and industry leading resources. This partnership became effective September 4, 2018.

CMA will continue to provide best-in-class service and CMA’s members will benefit from NCS’ nearly 50 years of expertise in the commercial credit services market.

A long-standing relationship between CMA and NCS, coupled with NCS’ impeccable reputation within the credit community, provides a strong foundation for this strategic partnership. This partnership will add tremendous value for CMA’s wide base of construction-related companies. “As we’ve been looking to add to the benefits CMA offers its members, we decided that an alliance with NCS will provide an array of world-class educational offerings, the ability to offer UCC filing services, and improved synergies with the addition of NCS’ Notice & Mechanic’s Lien services,” says Kim Lamberty, CMA CEO.

“This is an incredibly exciting time for NCS and CMA,” states NCS President, Mary B. Cowan. “Together we will create more value for the CMA member. We’re grateful to have the opportunity to serve CMA members and pledge they will continue to receive superior service. NCS is laser focused on securing lien and bond claim rights while also providing educational support. We have built a solid relationship with CMA and this strategic partnership will allow us to strengthen our mission as the leading authority empowering clients in the management of their corporate credit decisions. NCS is dedicated to excellence and we look forward to providing exceptional, personalized service and first-in-class resources to the CMA member.”

CMA serves businesses primarily located in the western U.S., with offices in Las Vegas, NV and Glendale CA. NCS, serving industries throughout the U.S and internationally, is headquartered in Cleveland, OH.

About Credit Management Association

Credit Management Association® (CMA), is a non-profit association that has served business-to-business companies since 1883. CMA delivers a variety of services to large and small companies across the full spectrum of the business credit economy. In addition, CMA assists insolvent companies with workouts or liquidation through cost-effective alternatives to bankruptcy. For more information about CMA, call 800-541-2622, or visit www.creditmanagementassociation.org.

About NCS

Since 1970, NCS has been the leader in providing credit professionals throughout the U.S. and Canada with proactive solutions to secure receivables, minimize credit risk and improve profitability. With their distinct service groups: Construction, UCC, and Collection – NCS develops customized solutions based on your business model and organizational requirements to Secure Your Tomorrow®.

NCS has educated more than 600,000 credit professionals on securing their receivables and reducing their risk through NCS events, resources, and social media. NCS offers web based solutions such as LienFinder™, The National Lien Digest©, and LienTracker® Online. These resources help manage credit risk, provide time and information requirements, monitor deadlines and generate notices. NCS has been named a winner of The Northeast Ohio Top Workplaces Award for the past 4 years. For more information about NCS, call 800-826-5256, or visit www.ncscredit.com.

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How to Find Credit Information About Your Customers by Using the CMA Credit Report, by Kim Lamberty, CAE

It’s hard to believe that 2018 is nearly half over. Time passes way too quickly!
At CMA, this has been one of the busiest years I’ve seen, as we are continuing to work on exciting new initiatives that will help your company’s credit and finance teams.

I love the opportunity to talk with members and customers; lately during these conversations we discuss cost savings and doing more with less. These issues are affecting every business. Utilizing cost-effective tools is one way to adhere to budget restrictions and bring efficiencies to the Credit Department. We’ve been looking at different solutions to help solve these issues and to that end I’m happy to tell you about the brand new CMA CREDIT REPORT. This report is a cost-efficient way to access data for small- to medium-sized companies that are not usually reported to the larger credit bureaus.

The CMA Credit Report, which is the result of a partnership with data provider Ansonia Credit Data, offers payment trends and experience on your customers so that you can make informed credit decisions. The report includes payment history, bankruptcies, risk score, balance, days beyond terms and more. Better yet, the report is available at an affordable price point: CMA members get 5 free reports to try during their membership calendar year, and then pay $12.95 per additional report. Members who contribute their data to CMA get an additional 5 free reports, and pay $10.95 per additional report.

The report is also integrated with anscersX, our multi-bureau reporting solution that allows users to get the most-used data elements from the major bureau reports with one click.

We are excited to hear from our members on your thoughts on the new report. We hope you enjoy this new benefit, and that it’s useful in your credit decision making process.

How CMA Continues to Help Its Members, by Kim Lamberty, CAE

Change is never easy. In this volatile business environment, more than ever before, change is the only constant. In the past few months, there have been many changes in credit, which is why we decided to use the concept of “managing change” as the overall theme at CreditScape. Due to outside factors such as budget cuts in credit, automation and technology, the credit manager’s role is ever changing, and it is imperative that you stay up-to-date on the latest changes in the industry.

CMA has been changing as well. In the past few months since I became President of CMA, we have been evaluating every facet of our business. Our top priority in every conversation has been, and will always be, taking care of our members’ needs in credit.

We are the oldest and most experienced organization that continues to be your best source for information to make credit decisions about California and Nevada based companies, as we have been since we were founded in 1883.

Here are some of the changes that we have been working on behind the scenes.

  • We have enhanced the quality of the conversations at our Industry Credit Group meetings. If you have not attended a meeting lately, I strongly suggest you take the time to hear about the valuable account discussions that take place in those meetings and the best practices from companies that operate in your same vertical market.
  • We have created new strategic partnerships that provide members with the best information that they can use to make credit decisions. Here are several examples of these partnerships:
    • The new CMA Credit Report, which represents your best chance in finding data about California and Nevada based companies, with a nearly 20 percent increase in the number of relevant searches over the report it replaced.
    • An enhanced anscersX multibureau credit report that includes data from a number of sources such as D&B, Experian, Equifax, and others, to make it easier (and less expensive) to find credit information in one click.
    • A partnership with Credit Today to provide useful and relevant articles that affect the credit profession.
    • Low-cost webinars on topics that members have told us they want and need, increasing overall participation in our education program.

Here are some things about CMA that will never change:

  • We are loyal to our members and continue to strive to make your experience with CMA the best that it can be. Many of our staff members have been with CMA for more than 10 years serving your needs in credit with accumulated experience and knowledge.
  • We are committed to the credit profession.
  • We are headquartered in the areas we service.
  • We are dedicated to providing you, our customer, with the best value in credit services that you need to make informed credit decisions.
  • Our credit reporting and construction forms filing services is one are among of the best in the industry.

I encourage you to join me in continuing to support programs and services that make CMA great, as we truly are your partners in credit.

If you have suggestions on how we can make your association better or questions about our programs, I encourage you to reach out to me at 702-259-2622 or by email at klamberty@emailcma.org.

We thank you for your continued loyalty and patronage.

A New Way to Receive Your CMA Invoices, by Kim Lamberty, CAE

Throughout the past several years, CMA’s webinars and events have had the overwhelming theme of utilizing technology to bring efficiencies to businesses. Your CMA team is following this theme. As many of our members have gone through and will go through systems conversions to make their business operations more efficient, CMA is doing the same thing.

I’m happy to announce that our new association management system will be implemented in December to give our customers added convenience and bring CMA internal efficiencies.

Your December statement will be emailed with an electronic link to all primary CMA member contacts. For those members that have designated a billing contact that is different than our main contact, as the primary contact you will be able to set that contact and others up yourself, giving you better control of who should have access to your company details. Through this link, you’ll also be able to view your post-December 2017 billing history with CMA, with the ability to print and save statements and invoices electronically.

Subsequent to the implementation of our new AMS we will be implementing the ability to pay online and hope to have this completed in January. This will mean that members will not only be able to access their invoices, but they will be able to pay electronically.

We thank you for your continued trust and loyalty to CMA, and we look forward to continuing to listen to our members wants and needs. If you have any questions, please feel free to call me directly at 702-259-2622.

“The world hates change, yet it is the only thing that has brought progress.”
-Charles Kettering

Kim Lamberty, CAE, is Vice President of Operations for CMA. She can be reached at 702-259-2622 or klamberty@emailcma.org.