The Credit Manager’s Index
(CMI) is created from a monthly survey of credit and collection
professionals. The CMI survey asks NACM members to rate favorable
and unfavorable factors in their monthly business cycle. Favorable
factors include sales, new credit applications, dollar collections,
and amount of credit extended. Unfavorable factors include rejections
of credit applications, accounts placed for collections, dollar
amounts of receivables beyond terms, and filings for bankruptcies.
The results provide a benchmarking and forecasting tool that looks
at the entire cycle of commercial business transactions. The CMI
has gained rapid acceptance among the business and financial community
as an economic indicator to both watch and report on.
Member participation in this survey
is both welcome and encouraged, and takes less than five minutes
each month! However, it is an ongoing monthly commitment.