News for our profession

October 2025

The President's Corner

Laura McMillan, President


President’s Corner – October, 2025

In the last year, my family acquired an EV—an all-electric vehicle. It’s quiet, roomy, and zippy—and best of all, I never have to go to the gas station. That alone saves me time and hassle every week!


What I don’t love are all the electronic warnings. I think this is true of many newer cars, and it drives me crazy (no pun intended). It beeps if another car pulls alongside me, or if the car in front of me inches forward at a light. The alerts could be helpful when I’m backing out of the garage—except more often than not, they’re warning me about the Rhododendron planted next to the driveway.

Like it or not, we all rely on technology. At its best, it makes life easier and safer. At its worst, it frustrates us with constant updates, costs, and quirks. In the coming months, we’ll be talking a lot more about how technology is shaping the work lives of credit managers. You all have stories to tell, I know! (And if you haven’t already, please register for the W. WA Fall Credit Forum at the Museum of Flight in Seattle. Automation will be a hot topic there!)


In the August eNews, I wrote about the strategic plan that your NACM BCS Board of Directors approved in May. Today, I want to highlight the first of the six strategies in that plan—our focus on technology. We wouldn’t be doing our job if we didn’t think about it, provide resources to help you make decisions about it, and use it to serve you better.

The first step is strengthening our own systems. Like many smaller nonprofits, we’ve been slower to adopt new tools, and it’s time to modernize. We’re reviewing the processes we use and identifying where technology could help. For example, we currently manage events—both in-person and virtual—mostly with spreadsheets and email. There are tools that could make this far more efficient and user-friendly.


Later in this newsletter, you’ll see a piece about the new user sign-on approach for accessing NACM’s core system. This is the first of several changes you’ll see from us—some visible, others behind the scenes. Our goal is to make them as seamless and frustration-free as possible.



I look forward to seeing many of you on November 5 at the Museum of Flight. Let’s continue learning together how to make technology work for us—not against us! I’d also love to hear from you: what technology do you love, and what drives you crazy? Write me at lauram@nacmbcs.org. I promise to reply.


Special Opportunity


Compensation Study For Members

We will be conducting a 2026 compensation survey and are joining all the NACM affiliates across the country. Similar to our first effort in 2024, the intent is to gather data about salaries and benefits for credit professionals locally and at member companies across the nation. A lot was learned in the first study two years ago, and we are hoping to grow member participation and information this year. Participating members will receive the final report at no cost.


One lesson learned in 2024: This survey will likely require the assistance of your Human Resources professionals to ensure that we receive the best comparative data. We learned that many of our credit professionals did not have a full view of the requested information. While the results were satisfactory, if you can enlist the help of your HR colleagues, we expect even better information to share with you.


The survey will be distributed via email on October 15th will follow-ups throughout the month into early November. It is being conducted by a third party who respects privacy as well as the intricacies of compensation studies. The survey will include the benefit questions from last survey. Please participate and start by asking your HR office for help.



Education

WESTERN WASHINGTON CREDIT FORUM

Seattle, WA | Wednesday, Nov 5, 2025 | 9am-6pm

Seattle's Museum of Flight


Fasten your seatbelts and prepare for a full day of insight, strategy, and connection at the Western Washington Credit Forum, a premier conference designed for today’s B2B credit professionals. Held at Seattle’s stunning Museum of Flight, this event offers a rare opportunity to elevate your perspective—both literally and professionally—amid the backdrop of aviation history. Whether you’re navigating headwinds or cruising toward growth, this conference will equip you with the tools and knowledge to stay ahead of the curve.


Expect engaging sessions, practical takeaways, and plenty of time to network with fellow credit leaders—all while enjoying the inspiring surroundings of one of Seattle’s most iconic venues. It’s time to take your credit strategy to new heights!

Early Bird pricing extended to October 10!


Member Rate – $195 Early Bird / $225 Regular

Non-Member Rate – $230 Early Bird / $260 Regular

 Second Attendee Rate: Bring additional members of your team for only $145 each!



Includes: morning pastries with coffee & tea, lunch buffet, afternoon snack,

cocktail reception with light appetizers, and museum admission!


For more information on speakers and to register, click the button below.


October Webinars


How to Read and When to Pull an 

Experian Business Credit Report


Tuesday, October 14 @ 12:00 pm - 1:00 pm

Members – FREE / Non Members – $25



Join industry experts Jan Minniti and Heidi Lindgren-Boyce as they guide you through How to Read and When to Pull an Experian Business Credit Report. Topics include:


How to Read it


An Experian Business Credit Report provides a snapshot of a company’s financial health and creditworthiness. Our presenters will go over all the key issues contained within a credit report.


When to Pull it


Pull an Experian Business Credit Report when you’re evaluating a company for credit terms, forming a new partnership, making large sales, assessing suppliers, or during routine risk management checks. It’s especially important before extending trade credit or entering high-value agreements.

 
 

About the Speakers


Jan Minniti

Senior National Account Executive

NACM Business Credit Services

Seattle, WA


With over 40 years of experience, Jan has forgotten more about the credit profession than most people ever knew. She specializes in helping credit executives secure their accounts receivables by providing tailored solutions that protect their most valuable asset. As the Senior National Account Executive at NACM Business Credit Services, she works closely with clients to understand their unique needs and deliver the tools and services that empower them to do their job efficiently and effectively.


Heidi Lindgren-Boyce

Credit Manager

Star Rentals,

Kent, WA


With more than 35 years in the credit and collections industry, focused mainly in the construction sector, Heidi is the Senior Credit Manager for Star Rentals, Inc., in Kent, Washington. Heidi is the current Chair of CFDD National for Education and Scholarships, serves as a Director on the NACM National Board, is also a “Business Credit Principles” Instructor for NACM Commercial Services, and a past Chair of NACM-BCS


 

Credit Card Surcharging Featuring Payment Request Links – Discover New Changes to the Card Network Rules and State Laws


Presented by our partners at United TranzActions


Considering the ever-changing credit card surcharging regulations, UTA is offering you the most current Credit Card Surcharge guidelines and cutting-edge technology, featuring payment request links, enabling you to optimize savings while improving cash flow management.


During this webinar, you will:

  • Learn about the surcharging rules, state laws, and review recent changes.
  • Discover new technology to help reduce your processing fees with Level III Processing and Large Ticket Discounts.
  • Explore the benefits of generating payment request links via email or text to improve your cash flow.
  • Simplify your payment acceptance process and improve the customer checkout experience.

 

Don’t miss this opportunity to participate in an information-packed webinar featuring insights from the industry’s most knowledgeable experts. Register now to optimize your payment processes and stay ahead of the compliance and technology curve.

Trade Credit and Liquidity Management

A new learning opportunity from a new partner


We are pleased to announce a new partnership with a new educational resource created just for credit professionals. The new Trade Credit & Liquidity Management (TCLM) provides a wide range of resources, best practices, and community features, as well as economic and technology trends for the benefit of credit, treasury, and finance professionals. The articles, webinars, and podcasts are designed to help our NACm BCS members and customers meet their company’s trade credit and liquidity challenges and uncover opportunities as forward-thinking, value-added advisors.


This new benefit to membership in our affiliate is being offered at a special subscription rate just for members and customers of NACM Business Credit Services. Take it for a test drive. If you like what you see, you will soon be invited to subscribe to this new service at special NACM BCS rate.


Here's a sample article from the current edition that will be a good example of what's to come. Click on the title below to see what TCLM is all about.


Ten Reasons Your AR Portfolio May Be Under-Performing


We are excited to offer this to you and hope you find it useful. Look for more information soon.


Aloha! Register today

October 17th, Waikiki Yacht Club, Honolulu.


Join us for excellent professional education by taking advantage of our new quarterly program. And meet new professional colleagues. For more information and to register...


Click on the pineapple below:

CREDIT CONGRESS 2026 Registration is NOW OPEN!

Our biggest professional event of the year is happening June 7-10, 2026 at the America’s Center Convention Complex in the heart of downtown St. Louis!


Take advantage of Early Bird pricing (through December 5) and other special opportunities. This is the place to improve your professional skills and build your network. If your company is currently budgeting for 2026, put Credit Congress in the mix.


Click below to sign up your and your team!


REGISTER TODAY

Meet Our New Partner


We’re excited to introduce Billfire, our newest partner. Their flagship product, Valet 360, simplifies billing and payments through automation—helping companies reduce manual work, speed up collections, and strengthen cash flow.


With user-friendly tools that integrate easily with existing accounting systems, Billfire makes accounts receivable management more efficient. We believe this straightforward, easy-to-use solution could be a game-changer for many of our members. We have been actively seeking new opportunities like this and are pleased this has come together for you.


👉 Special note for UTA users: Billfire and UTA are actively working on ways to connect their systems when customers want that integration.


Learn More


Join us on Monday, November 17 at 1:00 p.m. PDT for a webinar to see Billfire in action and learn how it could benefit your business. We look forward to seeing you there!

Upcoming changes to NACM's Core System

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New Access Codes Coming Your Way


We’re making an important update to how you access the NACM Core System.


Some of you log in regularly to look up collections or participate in Industry Groups, while others rarely use it. In the months ahead, we’ll be adding more members-only resources—and eventually everyone will want to log in.


What’s Changing

  • We’re moving from shared logins to individual user accounts.
  • Your current team access code will be retired.
  • Each team member will receive their own unique access code.

Why It’s Changing

  • Stronger security for member data.
  • A more personalized experience for each user.
  • Better support for new members-only resources.

What to Expect

  • You’ll receive your new access code along with easy-to-follow instructions.
  • If you need help, clear support contacts will be provided.
  • New codes will roll out gradually—everyone will have theirs by January 2026.


We expect the transition to go smoothly, and once complete, you’ll have more secure and seamless access to NACM’s resources. Stay tuned for updates—and thank you for helping us take this important step forward!

Business News

‘Expect compliance chaos’: Sweeping new sales tax law on digital ads in Washington takes effect


Washington’s expansion of retail sales tax to a wide range of services went into effect Wednesday, reshaping how companies across tech, marketing, and nonprofit sectors bill for everything from digital advertising to custom software and IT support.


For more: GeekWire

White paper written  MINIMUM WAGE  with markers.

Washington’s minimum wage to top $17 in 2026


Washington state’s minimum wage will surpass $17 per hour in 2026. 

It will rise 2.8% to $17.13 per hour, starting Jan. 1, the state Department of Labor and Industries announced Tuesday. The current $16.66 per-hour wage already leads the nation, though California and parts of New York are close at $16.50. The federal minimum wage is set at $7.25. 


For More: Washington Standard

A global megadeal would give one of Alaska’s largest mines a new operator


The second largest mining deal in world history, announced this month, could hand one of Alaska’s largest mines — and a linchpin of the economy of Northwest Alaska — to a new operator.

Canada-based Teck Resources, which has long operated Northwest Alaska’s massive Red Dog zinc mine, and United Kingdom-based Anglo American said Sept. 8 that they intend to merge into a $53 billion giant.


For more: Anchorage Daily News

Matson Tops Most Profitable List, But Hawaiian Electric Posted Outsized Loss


In the annual Hawaii Business ranking of most profitable companies, Matson took the crown for a fourth year. But the bigger story was the huge loss by Hawaiian Electric, linked to the Maui fires settlement.


For more: Hawaii Business Magazine

Calendar

Puget Sound Area Groups


Tuesday, October 7


Seattle Suppliers Group

11:30 a.m. Duke's/Teams


Wednesday, October 15


Tacoma Construction

11:30 a.m. Mama Stortini's/Teams


Food

10:00 a.m. Teams



Thursday, October 16


Wiring

11:30 a.m. Duke's/Teams


Tuesday, October 21


HVAC

Dukes/Teams

11:30



Alaska Group


Thursday, October 16


Alaska Suppliers

Reharu Sushi / Teams

11:30 a.m.



Hawaii Groups


Friday, October 17


Hawaii Hospitality

9:15 a.m. Waikiki Yacht Club


Hawaii Building

9:15 a.m. Waikiki Yacht Club

Webinars


Tuesday, October 14


How to Read and When to Pull an Experian Business Credit Report

Jan Minniti

Heidi Lindgren Boyce

12:00-1:00 PDT



Other Programs


Island Insights

October 17th

Waikiki Yacht Club, Honolulu

9:15 a.m.-4:00 p.m.


Western Washington Credit Forum

November 5th

Museum of Flight, Seattle



Plan Ahead


NACM National Credit Congress


June 7-10, 2026

America's Center

St. Louis, MO



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