Serving credit professionals ...since 1899 |
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"You have everything you need to build something far bigger than yourself" - Seth Godin
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Here are the top five things YOU need to know this month:
โจ Changes are coming to Experian Credit Reports later this fall
โจ Doug Jacobson Memorial Golf Tournament is Sept 13th
โจ Highako Academy is offering some fantastic continuing education opportunities
โจ The NACMBCS Open House is being rescheduled for a later date
Read on to learn more! ๐ป
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DOUG JACOBSON MEMORIAL
๏ปฟGOLF TOURNAMENT
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๐Are you ready to have some fun for a really great cause? If you are in the Williamette Valley, OR area on Sept 13th, make sure you grab a foursome and register for the ๐ฟ๐ค๐ช๐ ๐
๐๐๐ค๐๐จ๐ค๐ฃ ๐๐๐ข๐ค๐ง๐๐๐ก ๐๐ค๐ก๐ ๐๐ค๐ช๐ง๐ฃ๐๐ข๐๐ฃ๐ฉ happening at 8am at Williamette Valley Country Club. โณ
NACMBCS is excited to be part of this event to honor and pay tribute to Doug Jacobson, Immediate Past Board Chair, good friend, and mentor.๐
All proceeds will benefit the ๐ฟ๐ค๐ช๐๐ก๐๐จ ๐
๐๐๐ค๐๐จ๐ค๐ฃ ๐๐๐๐ค๐ก๐๐ง๐จ๐๐๐ฅ which has the goal of giving a junior or senior an opportunity to learn about the credit profession and give them an experience in credit that will leave them with an excellent foundation to serve them throughout their business career.๐ฉโ๐ผ๐จโ๐ผ
If you aren't able to attend the event, but would still like to donate, visit the link below to find out how!
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We are sad to announce that our Open House has been postponed. As soon as it's safe to do so, we are looking forward to rescheduling this fun event, hopefully sometime in the spring or early summer!
We hope you and your families stay safe and healthy this fall and don't forget... keep washing those hands to prevent germs!
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This month we are excited to spotlight Claudia Barragan!
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Claudia is the Industry Group Coordinator for Customer Care here at NACMBCS. We wanted to help you get to know her better so we asked her a few questions:
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๐งญ Where are you from, originally?
I was born in Mexico.
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How long have you been with NACMBCS?
11 years so far.
๐ What's your favorite thing about your job?
Being able to give real help to our members!
๐ What's your biggest pet peeve?
When someone doesn't take responsibility for their actions.
๐ฆ What's your favorite ice cream flavor?
This may surprise you, but I donโt really like ice cream.
๐ What's one thing most people don't know about you?
Probably that Iโm a wedding officiant and a romantic at heart!
Next time you chat with Claudia be sure to let her know just how much she is appreciated!
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EXPERIAN 2.0 COMING THIS FALL |
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Experian is launching two newly developed scores leveraging 2 best-in-class modeling techniques coming later this fall. |
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So, what does this mean for you? Clients will receive access to two, newly upgraded, highly predictive risk scores that will help you more effectively reduce bad debt. This will be Experian's recommended default modeling approach for most clients.
Both scores have extended model projections from 12 to 24 months and range from 300-850. According to Experian, a wider score scale brings you more flexibility in setting cut-offs and developing more sophisticated risk strategies.
What should you do to prepare? For clients that access credit reports and risk scores in BusinessIQ Classic, the new scores will be available in our modernized BusinessIQ 2.0 platform. For all other clients, based on your product access, your score and platform migration date will be emailed to you 30 days prior to migration.
NACMBCS will provide updated information as we receive it and provide you help and support through this transition. Be on the lookout for more information coming soon!
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Industry Groups
NOTE: All Group meetings are being conducted online until the Coronavirus subsides - unless otherwise noted.
Hawaii Hospitality is on hiatus throughout COVID-19.
Puget Sound
Thursday, 9/9
11:30 Floor
Location: Dukes
Wednesday, 9/15
11:30 Tacoma Construction
1:00 Food
Location: Online
Thursday, 9/16
11:30 Eastside Construction
1:00 WS
Location: Online
Tuesday, 9/21
11:30 HVAC
Location: Online
๏ปฟAlaska
Wednesday, 9/15
1:00 (AKDT) Alaska
Location: Online
Hawaii
Friday, 9/24
11:30 (HST) Hawaii Building
Location: Waikiki Yacht Club
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Conferences - Save the Dates
NACM Western Credit Conference:
Virtual | Sept 1-29
*NEW DATE*
NACM 125th National Credit Congress
Kansas City, Missouri
October 10-13. 2021
NACM 126th National Credit Congress
Save the Date
June 5-8, 2022
Louisville, Kentucky
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PARTNERS IN CREDIT REPORTING |
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Your credit application can be one of the most important tools you have, both to extend credit as well as to collect your accounts. This session will examine the essential points all credit applications must have to protect your companyโs rights and interests. |
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Roles reverse as our parents age and we children have to be prepared to assist, guide and โparentโ our parents. What resources do we need? How do we communicate and bring out our best parenting skills? Being prepared is vitally important! This workshop will give attendees helpful tools and tips to help be a great parent to your loved ones as they age and face their end-of-life chapter.
We will cover โ
- Communication is key โ how do we bring up the โplanning for the futureโ conversation?
- The home, car and money โ So vitally critical to be able to discuss all these with parents
- What estate planning documents do parents need?
- The โTo-Go Bagโ what should be in the bag?
- POLST Form โ what it is and how to use it.
- Insurance coverage โ understand what parents have
- Stuff โ what to do with all the stuff
- Love Letters
- Have a plan and be prepared
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With Pam Kraik - Description coming soon. |
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HIGHAKO ACADEMY:
Continuing Education for Credit Management
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Did you know, Highako Academy is a Video-First Microlearning Platform for Credit & Collections Professionals? We realize there aren't a lot of educational resources out there for the field of credit management, therefore we are excited to partner with Highako Academy to offer you:
๐ Courses
๐ Assessments
๐ Forums
๐ Resources
To learn more about Highako Academy, visit the link below! If you have any questions about Highako Academy and what you have access to, please don't hesitate to reach out!
BUT WAIT, THERE'S MORE
Credit today is now part of Highako Academy and they need your help! ๐ฉโ๐ผ๐จโ๐ผ
It's been over 6 years since Credit Today conducted a survey on Credit Card Use. A lot has transpired during that time frame regarding the current trends in Credit Card usage in B2B credit environments.
Please take a few moments to help Credit Today by filling out their short survey. You'll find questions about Alternative Payments - services like PayPal, Venmo, Zelle, Buy Now Pay Later (BNPL), or other third-party financings.
All participants who share their contact information will receive a copy of the results.
Ready. Set. Go!
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Housing market black swan bubbling... |
The euphoria in the U.S Housing MArket may be flashing a danger signal, and lofty home values could be at risk of a sharp drop.
To learn more click the link below.
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Why you can't find everything you want at the grocery store... |
Can't find toilet paper on the shelves, AGAIN?
Grocery store chains are still battling supply challenges that some executives said are as bad as what they saw in spring 2020 when hoarding left holes in stocks of some staples.
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Home Depot, Lowes share lumber crisis update... |
Americaโs biggest home improvement chains say the lumber market is returning to normal after a period of extreme and record volatility.
To read the entire article, click the link below.
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Are you looking for new options for payment processing? Give our partners at UTA a call... |
Today, thousands of prominent companies and industry leaders rely on UTA as their payment solution provider. Participating industries include automotive, furniture, building materials, equipment, trucking, retail, manufacturing, and distribution. UTA helps companies in these industries with payment processing check guarantee services and credit card payment solutions -- providing a full range of customized financial services to fit any platform and integrated payment systems to make your transactions safer, faster and more price competitive. |
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Are you trying to fill a position? Use our Job Center! |
Take advantage of the Job Center at nacmbcs.org. If you're having trouble filling a position in your company, use this opportunity to reach a lot of people!
It's easy to post an opening. Just fill out the form. After that, the most viewed part of our website will get attention to your needs.
Best of all, it's a free service that comes with membership in NACM BCS.
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NACM Business Credit Services
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Serving commercial credit professionals.
Since 1899
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