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Please share this email with your Credit Managers, Financial Officers, Owners, and anyone involved with Managing Company Credit.

NEMEON is excited to announce a new Consultant Partnership with the National Association of Credit Managers Commercial Services (NACMCS). NACMCS is a top resource for business credit professionals. They offer tools, services, and educational programs to help businesses manage credit risk and succeed financially. 

To kick off this partnership they are inviting all NEMEON Members and your Team to a FREE Webinar (typical cost is $79 for Non-Members).  The Webinar will be held Thursday, March 18th, 8:30 AM Pacific to 9:30 AM Pacific.  Please see attached flyers.

To register: you will need to Email Shawna Axness, Education Coordinator. Her email is saxness@nacmcs.org  This is required do to the webinar being FREE.  Registration closes March 16th.

The webinar will NOT be recorded.

Topic: Enhancing Your Credit Policy and Procedures 

Are you ready to elevate your organization's credit management practices? Join us for an in-depth class that will transform the way you approach credit policies and procedures. Whether you're looking to reduce risk, streamline processes, or boost customer relationships, this session is designed to give you the tools, strategies, and insights to enhance your credit practices.

In this session, we will discuss how you can utilize a clear and comprehensive credit policy to:

1. Review and Update Credit Policies Regularly: Ensure that your organization’s credit policies align with current economic conditions and regulatory changes. Regular audits of credit practices can help identify areas for improvement.

2. Develop Clear Credit Guidelines: Establish clear, well-documented credit policies for assessing, approving, and managing credit risk. Including parameters for credit limits, payment terms, and handling overdue accounts.

3. Conduct Thorough Credit Checks: Perform comprehensive credit checks that assess financial history, business operations, and the likelihood of future payment defaults.

4. Leverage Technology: Use automated credit scoring tools and AI-based solutions to improve decision-making and reduce human error.

5. Understand Industry and Sector Risks: Evaluate not only the individual customer's creditworthiness but also external factors such as market conditions, economic trends, and sector-specific risks.

We will be announcing more information about NACMCS in the future as well as additional training opportunities.

Kind regards

Andi Voelker

NEMEON