Serving credit professionals everywhere...since 1899
Monthly news & updates
July 2020
Welcome Message from our President & CEO, Jon Flora
Upcoming Events
See what's happening this month... and beyond
Industry Groups

NOTE: All Group meetings are being conducted online until the Coronavirus subsides .

Puget Sound

Thursday, 7/9
11:30 Floor -- ONLINE

Wednesday, 7/15
11:00 Tacoma Construction -- ONLINE
1:00 Food -- ONLINE

Thursday, 7/16
11:00 Eastside Construction -- ONLINE
1:00 Wholesale Electric -- ONLINE

Tuesday, 7/21
11:30 a.m. HVAC -- ONLINE


Wednesday, 7/15
1:00 (AKDT) Alaska Suppliers -- ONLINE


Friday, 7/17
11:30 (HST) Hawaii Building -- ONLINE

Tuesday, 7/21
11:30 (HST) Hawaii Hospitality -- ONLINE

Education and Events

Efficiency Requirements:
The New Normal of Accepting Payments - Contactless Payments
July 14 @ 9:00 a.m.

Monthly Webinar: Bankruptcy Lawa for Businesses
July 23 @ 12:00 p.m.

Microsoft Office Training
Multiple dates; see below


Tempe, AZ - July 16-17 Online

Las Vegas - Online through August

September 23, Las Vegas
Covid Updates from region
Business Outlook
Seattle's new "Jumpstart" payroll tax. What do you think?
The Seattle City Council just passed a new business tax called "Jumpstart" that will tax higher salaries of larger companies having annual payrolls of $7 million or more. It is intended to fund economic relief and core services during the coronavirus crisis and raise  more than $200 million per year   for housing, local business assistance and community development in the long term.
NACM's concern about "Jumpstart" is that it could embolden State legislators who are already laying the groundwork for new taxes when they gather in Olympia in January. Moreover, this new tax is likely to be implemented without a vote of the people which our organization is fundamentally against.

Tell us what your company thinks about this new tax. Ask your president, CEO, or owner how he or she views it and let us know via the following survey. Thanks for your help!
Exclusive offering for our members and customers!
In this COVID world, learn how to improve your payment processing

We have learned several things since COVID-19 disrupted the way that we accept and process customer payments. Among them is the need to create new payment efficiencies. From electronic to contactless payments, businesses are looking for new and effective ways to implement secure and customer-friendly payment solutions.
In this 45 minute webinar, we will focus on how technology adoption, societal norms, and consumer behavior will shape the future of payment processing.

Sign up for this free educational webinar today - space is limited
Force Majeure – What is it?
The profound economic downturn caused by the Covid-19 pandemic shows little sign of easing. As companies look for ways to reduce the financial impacts of business closures, it makes perfect sense that contract legalese, the “force majeure” clause, would find its way into our everyday vocabulary.

Don’t let fraudster rats take your identity and money; here’s a guide to popular scams
Never have we been so attractive as  targets for fraudsters and scammers  as we are right now. That’s because the uncertainty around the coronavirus pandemic has created more opportunities for robocallers, hackers and other thieves.

Assess Your Finance Needs 
The COVID-19 pandemic has triggered the first major economic downturn since 2008, leaving many businesses, big and small, with the challenge of staying financially viable. Moss-Adams has prepared a web page of COVID-19 implications for you and your business. Click below to take a look:

Presenter: Candace Carlyon, Attorney
Carylon Cica CHTD, Las Vegas, NV

There is no cost to attend, but register is required. Login information will be sent upon completed registration
Bankruptcy Laws for Businesses (Free Webinar)

July 23 @ 12:00 PM - 1:00 PM PT
The Small Business Reorganization Act – A New Subchapter for Small Business Bankruptcies – This webinar will focus on this new act put into law in 2019 and its impact on credit departments.

Topics include the appointment of a Trustee, streamlining the Reorganization process, removal of the requirement that debtor pay claims incurred for post-petition goods and services on the effective date but can delay payment across the terms of the Plan, and more.

Microsoft Office Courses
(Throughout July)
We have several online courses available this month to help you master the use of the Microsoft products for business including: Outlook, Excel, and Project. Each has a different focus and prices vary by course. For more information, click below:

Online Conferences
Complimentary Passes available to NACM BCS members and customers
20th Annual Southwest
Business & Construction Credit Conference
Arizona has gone online for the annual Business & Construction Conference! In this unique format, you can attend every session if you wish. No more needing to choose between 2 more sessions at the same time.

This excellent conference offers experts from more than 10 States presenting the latest essential lien law information that material and/or labor suppliers, contractors, lenders and all others who extend credit in the construction industry need to know. 

For more information, please email or call 602-252-8866 today! Tell them NACM BCS sent you!
The Education Showcase is now offering a limited-time
4-day pass — for only $444.

Pick your must-have sessions and watch them over 4-day consecutive days. Earn CEU points as you prepare to certify or re-certify.

Call the registrar at 410-740-5560 to take advantage of this offer. Must register by July 17th. You can choose any consecutive four days through July 31st.
No extensions or transferals. Only one 4-day pass per person.
Regional Business News
Few grumbles as Washington state businesses begin requiring customers to wear masks
There were few ripples Tuesday at businesses around the Seattle area as a new statewide order took effect mandating that businesses refuse service to customers who are not covering their nose and mouth to slow the spread of COVID-19.

Houston's Hilcorp completes purchase of BP's oil, gas operations in Alaska
BP has sold its upstream business in Alaska to Houston-based Hilcorp, putting the British oil major one step closer to exiting the northernmost U.S. state after six decades.

Frustrated Hawaii businesses feel further delay in reopening could beget ‘economic catastrophe’
Hawaii residents and businesses are worried they won’t survive a delay in the planned reopening of tourism on Aug. 1.

“Without tourism we can’t pay bills.”

Vast phishing campaign hits Microsoft users in 62 countries
Microsoft customers were targeted in a massive phishing campaign that has sought to defraud users in 62 countries since December. Recently, the malicious emails have evolved to capitalize on the pandemic, according to Microsoft. Read more from:

Consumer bureau scraps restrictions on payday loans
The Consumer Financial Protection Bureau (CFPB) on Tuesday formally rescinded a plan to impose new limits on payday lending, handing the industry a major victory by killing off tighter rules that it spent years lobbying to overturn.

Careers and Employment
Looking for a job or trying to fill a position in your company?
Take advantage of the Job Center at You will find current listings as well the opportunity to post your openings. It's a free service that comes with membership in NACM BCS.

How to succeed in your office job when there is no office
The challenges of working from home are myriad. There are children to tutor, dogs to walk, shows to binge on. Hallway hellos and brainstorming at the whiteboard have given way to the stilted cadence of Zoom meetings. But three months into the work-from-home era, some best practices are emerging.

Average worker is spending more money working from home
Forget saving money on gas and takeout lunches at the office. Americans on average are spending more money working from home than they were commuting to the office before shelter-in-place rules closed most offices.

New Tools for the Future
Our partner, High Radius, has announced the launch of RadiusOne A/R Suite for mid-sized businesses . With a simpler user experience and faster time-to-value, the new solution reinforces HighRadius’ investment in innovation and vision to make Accounts Receivables automation a key catalyst for business growth.

With out-of-box integration with Netsuite, MS Dynamics, Sage Intacct, and Infor, the RadiusOne A/R Suite is pre-loaded with configurations based on industry-specific best-practices and can be deployed in a few weeks with minimal IT intervention. 

If you would like to know more about this new cost-effective solution, please call us at NACM BCS at 800-423-5710.
Making the best of out a pandemic
Light hearted thoughts from your association staff
Our NACM BCS staff continues to try find something to smile or laugh about during what is proving to be a long nightmare. Here's the latest that we've found for you!
Submitted by former Board Chair and now retired member, Maryallene Arsanto, Nucor Steel
Great news from Jaime Gibson
We're pleased to share that our National Account Executive, Jaime Gibson. is preparing to welcome a new baby on or near August 17th. After two girls, this time Jaime and Trevor will welcome a boy to their family.

Office comedians are suggesting they name him Ko'Rona or Kovvy. We're guessing, however, his parents will come up with a better option.

Congratulations, Jaime and Trevor!