Simple Act, Huge Impact
Tuesday, January 26, 2016
Each month, the National Association of Credit Management (NACM) publishes and promotes the Credit Managers’ Index (CMI). This tool has become a reliable, reputable economic predictor.
The CMI’s accuracy and value is dependent on participation from a large sample of NACM members. You can help ensure the index remains a valuable tool for the association and your profession by spending less than five minutes responding to the monthly CMI survey.
In the lead-up to the economic downturn, the CMI reflected the intricacies of the recession, resisting the month-to-month swings of other economic indexes. During the recession, the CMI accuratelysignaled that the economic plunge was stabilizing and beginning to recover.
As a result of its remarkable ability to measure the pulse of the economy and the nation’s business climate, the CMI has become NACM’s most important public relations and marketing tool for the credit profession. It demonstrates the importance and value of the credit profession to the nation’s economy.
Index updates are routinely published by numerous trade groups, websites and publications, and have garnered recent attention from prominent media outlets, including CFO magazine and Bloomberg Businessweek.
To build on this tremendous momentum, NACM needs your help. Participating in the monthly survey that generates the CMI data takes less than five minutes. The survey consists of 12 credit indicators—number of new credit applications, number of disputes, dollar amount of receivables beyond terms—each with the choices: “higher than a month ago,” “same as a month ago,” and “lower than a month ago,” along with a space for optional comments.
Participating in 10 surveys in a calendar year earns CCE recertification points and raises Forius NACM North Central’s engagement score. Most importantly, the simple act of responding can help solidify the reputation and importance of the credit profession. Sign up to receive participation reminder alerts today.