What's in the Spotlight?

In Our Region - Mail Delivery Slowing Payments?

Equifax Users Alert

BCI~NACMNE Launches "Useful Sites and Resources" tool

Everyone's Checking out "The Pulse"

Look Who's On the Move
Lets Share Our Best Kept Secret!  Refer new members today!
Collections Corner ~ Claim Placement Special - 15% - Extended!!!
How BCI's Data Contribution Program Benefits Your Company
 
Live Seminars and Events
Live & Recorded Webinars

Online Courses Leading to CBA, CBF and CCE Designations

Contact Us

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November/December 2011

Chatter In Our Region:

Many companies are reporting that payments from their best paying customers are arriving late....could it be due to slowing US mail delivery? 

Let us know your experiences by 11/11/11.  Take the 1 minute survey.


Alert!

Several member companies have reported receiving fraudulent "Equifax" letters phishing for private company information.  (Sample Attached).  It is recommended that you contact Equifax with any questions pertaining to these letters.


Useful Sites and Resources on the BCI~NACMNE Website

From the "Encyclopedia of Credit" to global country resources, BCI~NACMNE has added a listing of useful sites and online resources for credit professional Useful Sites and Resources.  Just click on the "Resources" tab on our website home page!


Everyone's Checking Out "The Pulse" ~ BCI's Networking & Knowledge Center

This "member only" benefit has two components:

 - Ask the BCI Community* - An online tool where you can post questions about credit related topics, and collaborate and network with other credit professionals.

 - Knowledge Center - A repository of credit articles, presentations and other reference materials

Just Posted: Credit Where Credit is Due:  Good Practice in the Sphere of Credit Reporting by Blakeley & Blakeley, LLP's Johnny White, Esq.

  All staff of member companies are eligible to obtain access to "The Pulse".

Sign up my staff  Be sure to include your member number, staff names and email addresses.

Look Who's On The Move

The NACM National Board election is underway! Gary Gaudette, CICP, CCE of Hypertherm and longtime BCI~NACMNE member is running as the Eastern Region Representative!  Please take a moment to cast your vote in this election.   Voting Ballot


Lets Share Our Best Kept Secret!  Refer New Members Today!

Join us to spread the word about the many benefits of being associated with BCI!  When talking with competitors, clients or colleagues, make sure you let them know about how BCI's products and services bring added value to you and your company. 

Refer a new client today, and when they sign up we'll send you a $50 gift card!  It's that easy!  Just send us an email with the company name and contact information and we'll take it from there! 

Details: Offer expires Nov. 30th.  Referral must be a new prospect for BCI.


Explosion 2: 15%
Claim Placement Special Extended

Make sure you collect past due amounts before year-end! Studies show that debtors are more likely to pay once a third party gets involved. Let us "turn up the heat", and collect those cold accounts at a special 15% collection rate (a 3% to 35% savings on our regular rates).

In order to receive this low rate you must follow these simple guidelines:

  • Claims placement must be over $200.00.
  • Membership at BCI/NACMNE must be current.

If the accounts need to be sent to an attorney for legal action, all accounts are subject to the regular BCI

How BCI's Data Contribution Program Benefits Your Company

BCI's Data Contribution Program is a simple, secure and FREE service for your company to report account receivable data electronically to BCI's Reporting Bureau.   Reward your prompt paying customers and reveal the late payers to obtain more debt collection leverage! 

Increase Access To Customer Trade Information - a "white paper" by Gary Gaudette, CICP, CCE of Hypertherm, that walks members through the benefits of the AR contribution program to your company! 

Learn More About Contributing AR. 


Live Seminars and Events!!

In conjunction with the International SIG, Donna Murphy of EIA Global will present: Credit Insurance - Another Tool Your Company Can Use to Mitigate Risk.  Learn what it is, how to use it effectively and how to evaluate its benefits - Dec. 6th at Babson's Executive Center

The European Sovereign Debt Crisis:  Implications for the US Economy  - A Global Economic Conference Call offered Tuesday, November 8, 2011 at 2pm ET by Wells Fargo Economics Group.  No advanced registration required.  Conference Details: Conf ID-  24781843  Tel: 866-569-4318.  Download the .pdf presentation


Webinars:  Live and Recorded

Register and Learn More!

Webinars (Live)

 
·          To Serve or Not to Serve on a Creditors’ Committee…That is the Question!  11/3/11 (9am – 10am PT)
·          Financial Statement Analysis: Obtain & Update Statements 11/8/11 (12n-1pm PT)
·          Holiday Retail Sales Outlook 2011: A Bullish View 11/8/2011 (1:30pm - 3:00pm EST)
·          Electronic Bill Presentment & Payment 11/10/11 (2:00pm-3:30pm EDT)
·          Ponzi Schemes and Credit Management 11/15/11 (9am-10am PT)
·          Financial Statement Analysis: Financial Ratios 11/15/11 (12n-1pm PT)
·          100 Ways to Improve the Performance of the Credit Dept 11/16/11 (noon-1pm PT)
·          When to Turn an Account over for Collections 11/18/11 (9-10am PT)
·          Financial Statement Analysis: Interpret and Make a Credit Recommendation 11/22/11 (Noon-1 pm PT)
·          Customer Service: It's Everybody's Business 11/29/11 (9-10am PT)
·          Going on Customer Calls: How This Can Improve Your Company's Bottom Line 12/13/11 (9-10am PT)
·          Exploiting Technology in Collections, Deductions & Reporting 12/14/11 (2pm-3:30pm EDT)
·          Section 503(b)(9) 11/16/11 (2-3:30pm EDT)
·          Bankruptcy From the Credit Manager Perspective 12/2/11 (9-10am PT)

 

Webinars  - Anytime!!!  (Recorded)

·          100 Ways to Improve the Performance of the Credit Department

·          A First Place Finish with Purchase Money Security Interests

·          Beating the Bankruptcy Preference: The Law, the Strategy, and Recent Developments That May Help You Keep Your Payments

·          Business Law Basics

·          Collecting International Past Dues

·          Credit Department's Role in Winning Litigation

·          Current Issues in Chapter 11

·          Doing Business with China: The Dragon and the Gift

·          Effectively Dialing for Dollars - How to Make The Point, Get the Money, and Keep the Customer

·          Enhancing Your Credit Agreements: Security Agreements & UCC Article 9

·          Expanded Financial Statement Analysis

·          FACTA and the Red Flags

·          Global Credit Analysis and Update on Export Credit Insurance

·          Go Beyond DSO - Alternative Performance Measures

·          How to Turn a Court Order Into a Bank Deposit

·          Implementing a UCC Program: Overcoming Obstacles

·          Internet Resources

·          Introduction to Financial Statements

·          Leadership vs. “Managership”

·          Make Your California Stop Notice Enforceable

·          Make Your Liens Collectible (California)!

·          Negotiation Techniques and the Collection Call

·          Phone Power Collections

·          Ratio Analysis

·          Selling Open Terms in International and Retaining Your Sanity

·          Strategies of Effective Collections

·          Surf's Up! Using the Internet as a Credit Management Tool

·          The 5 C's of Credit

·          The Balance Sheet & Income Statement

·          The Inside Scoop on Credit Insurance, A/R Put Options, and Non-Recourse Factoring

·          Trends in the Payment Card Industry

·          Updating Your Credit Application - An Offer that Cannot be Refused!

·          Using Security Instruments: Tools for Profits

·          What You Need to Know When Creating a Credit Application

·          Writing & Reviewing Your Credit Policy

·          Your Customer Has Sold Their Business...Now What???


Online Courses Leading to CBA, CBF and CCE Designations

Many of BCI's members have earned prestigious designations that have helped further their career in credit.  Below is a listing of courses being offered via interactive webinar this Fall.  Registration instructions. 

2012 NACM Certification Courses Online

Business Credit Principles

Financial Statement Analysis I

Financial Statement: Interpretation & Credit Risk Assessment

Learn what courses you will need to sit for a designation exam at www.nacm.org.

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