<?xml version="1.0" encoding="UTF-8"?><rss xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:content="http://purl.org/rss/1.0/modules/content/" xmlns:atom="http://www.w3.org/2005/Atom" version="2.0" xmlns:itunes="http://www.itunes.com/dtds/podcast-1.0.dtd" xmlns:googleplay="http://www.google.com/schemas/play-podcasts/1.0"><channel><title><![CDATA[Trade Credit & Liquidity Management: Bi-weekly Digest]]></title><description><![CDATA[A bi-weekly summary of what's new in Trade Credit & Liquidity Management]]></description><link>https://tradecredit.substack.com/s/tclm-round-up</link><image><url>https://substackcdn.com/image/fetch/$s_!G16N!,w_256,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd30ec4a5-eb1c-4b30-974a-bc93ccff883a_1078x1078.png</url><title>Trade Credit &amp; Liquidity Management: Bi-weekly Digest</title><link>https://tradecredit.substack.com/s/tclm-round-up</link></image><generator>Substack</generator><lastBuildDate>Tue, 05 May 2026 04:51:04 GMT</lastBuildDate><atom:link href="https://tradecredit.substack.com/feed" rel="self" type="application/rss+xml"/><copyright><![CDATA[Quote to Cash Solutions (Q2C) LLC]]></copyright><language><![CDATA[en]]></language><webMaster><![CDATA[tradecredit@substack.com]]></webMaster><itunes:owner><itunes:email><![CDATA[tradecredit@substack.com]]></itunes:email><itunes:name><![CDATA[David Schmidt]]></itunes:name></itunes:owner><itunes:author><![CDATA[David Schmidt]]></itunes:author><googleplay:owner><![CDATA[tradecredit@substack.com]]></googleplay:owner><googleplay:email><![CDATA[tradecredit@substack.com]]></googleplay:email><googleplay:author><![CDATA[David Schmidt]]></googleplay:author><itunes:block><![CDATA[Yes]]></itunes:block><item><title><![CDATA[Trade Credit & Liquidity Management Newsletter]]></title><description><![CDATA[Volume 2, Number 9]]></description><link>https://tradecredit.substack.com/p/trade-credit-and-liquidity-management-2-9</link><guid isPermaLink="false">https://tradecredit.substack.com/p/trade-credit-and-liquidity-management-2-9</guid><pubDate>Fri, 01 May 2026 15:02:50 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!G16N!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd30ec4a5-eb1c-4b30-974a-bc93ccff883a_1078x1078.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!uQ3K!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!uQ3K!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 424w, https://substackcdn.com/image/fetch/$s_!uQ3K!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 848w, https://substackcdn.com/image/fetch/$s_!uQ3K!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 1272w, https://substackcdn.com/image/fetch/$s_!uQ3K!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!uQ3K!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png" width="1344" height="256" 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srcset="https://substackcdn.com/image/fetch/$s_!uQ3K!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 424w, https://substackcdn.com/image/fetch/$s_!uQ3K!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 848w, https://substackcdn.com/image/fetch/$s_!uQ3K!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 1272w, https://substackcdn.com/image/fetch/$s_!uQ3K!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 1456w" sizes="100vw" fetchpriority="high"></picture><div></div></div></a></figure></div><div class="pullquote"><p>Publisher&#8217;s Note:<em> Because this newsletter can be too long to view as an email, you may have to click "View entire message" at the bottom to access all the content.</em></p></div><h1>Featured Articles</h1><div class="digest-post-embed" data-attrs="{&quot;nodeId&quot;:&quot;70bff710-aed4-428b-a41b-7008b7740b3b&quot;,&quot;caption&quot;:&quot;By Shubham Singh -- An industrial supplier recently turned down a large contract, not because they lacked capability, not because the customer was unqualified, but because they couldn&#8217;t fund the working capital required to deliver. The cash was there, in theory, sitting in receivables, locked inside a collection cycle that moved too slowly to keep pace ...&quot;,&quot;cta&quot;:&quot;Read full story&quot;,&quot;showBylines&quot;:true,&quot;size&quot;:&quot;md&quot;,&quot;isEditorNode&quot;:true,&quot;title&quot;:&quot;The Cash Gap: Why Growing Companies Are Rich on Paper and Broke in Practice&quot;,&quot;publishedBylines&quot;:[],&quot;post_date&quot;:&quot;2026-04-29T15:01:25.073Z&quot;,&quot;cover_image&quot;:&quot;https://substackcdn.com/image/fetch/$s_!lRHM!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff48f6a04-b9c8-4861-a0be-ab29077f598b_6240x4160.jpeg&quot;,&quot;cover_image_alt&quot;:null,&quot;canonical_url&quot;:&quot;https://tradecredit.substack.com/p/the-cash-gap-why-growing-companies-are-rich-on-paper-and-broke-in-practice&quot;,&quot;section_name&quot;:&quot;Thought Leaders&quot;,&quot;video_upload_id&quot;:null,&quot;id&quot;:195638678,&quot;type&quot;:&quot;newsletter&quot;,&quot;reaction_count&quot;:19,&quot;comment_count&quot;:0,&quot;publication_id&quot;:3154770,&quot;publication_name&quot;:&quot;Trade Credit &amp; Liquidity Management&quot;,&quot;publication_logo_url&quot;:&quot;https://substackcdn.com/image/fetch/$s_!G16N!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd30ec4a5-eb1c-4b30-974a-bc93ccff883a_1078x1078.png&quot;,&quot;belowTheFold&quot;:false,&quot;youtube_url&quot;:null,&quot;show_links&quot;:null,&quot;feed_url&quot;:null}"></div><div class="digest-post-embed" data-attrs="{&quot;nodeId&quot;:&quot;acb13817-59a6-4a84-aa1e-c9a30ef09ac8&quot;,&quot;caption&quot;:&quot;In today&#8217;s increasingly volatile economic landscape, data silos are one of the greatest threats to corporate profitability. Estimates suggest companies can lose up to 30% of their annual revenue due to inefficiencies from siloed data, according to a January 2026 research study from CreditSafe, \&quot;Breaking Risk Silos\&quot;... &quot;,&quot;cta&quot;:&quot;Read full story&quot;,&quot;showBylines&quot;:true,&quot;size&quot;:&quot;md&quot;,&quot;isEditorNode&quot;:true,&quot;title&quot;:&quot;Bridging the Great Divide: Aligning Sales and Finance to Secure the O2C Cycle&quot;,&quot;publishedBylines&quot;:[{&quot;id&quot;:29053814,&quot;name&quot;:&quot;David Schmidt&quot;,&quot;bio&quot;:&quot;David Schmidt, Managing Director of A2 Resources (a consultancy focused on credit, collections and AR automation) is a 40+ year business credit executive and co-author of Power Collecting: Automation for Efficient Asset Management (Wiley, 1998).&quot;,&quot;photo_url&quot;:&quot;https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/55d9b1f0-9547-4b76-a870-583e5c9ce1d3_199x200.png&quot;,&quot;is_guest&quot;:false,&quot;bestseller_tier&quot;:null}],&quot;post_date&quot;:&quot;2026-04-30T23:39:35.853Z&quot;,&quot;cover_image&quot;:&quot;https://substackcdn.com/image/fetch/$s_!N59b!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fec2f260c-8625-4a3e-877d-ba50ffc3f497_5848x3860.jpeg&quot;,&quot;cover_image_alt&quot;:null,&quot;canonical_url&quot;:&quot;https://tradecredit.substack.com/p/bridging-the-great-divide-aligning-sales-and-finance-to-secure-the-o2c-cycle&quot;,&quot;section_name&quot;:&quot;Industry News&quot;,&quot;video_upload_id&quot;:null,&quot;id&quot;:196052714,&quot;type&quot;:&quot;newsletter&quot;,&quot;reaction_count&quot;:0,&quot;comment_count&quot;:0,&quot;publication_id&quot;:3154770,&quot;publication_name&quot;:&quot;Trade Credit &amp; Liquidity Management&quot;,&quot;publication_logo_url&quot;:&quot;https://substackcdn.com/image/fetch/$s_!G16N!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd30ec4a5-eb1c-4b30-974a-bc93ccff883a_1078x1078.png&quot;,&quot;belowTheFold&quot;:false,&quot;youtube_url&quot;:null,&quot;show_links&quot;:null,&quot;feed_url&quot;:null}"></div><div class="digest-post-embed" data-attrs="{&quot;nodeId&quot;:&quot;438ac0cf-6018-4937-8ee0-fb937e97ee13&quot;,&quot;caption&quot;:&quot;By John Lockhart -- There&#8217;s a moment in most finance organizations that doesn&#8217;t get talked about enough. Nothing is technically broken. Invoices are going out. Payments are coming in. The team is doing its job. On paper, everything looks fine. But if you look a little closer, you start to see it. Cash isn&#8217;t coming in as fast as it should. The team is buried in manual work...&quot;,&quot;cta&quot;:&quot;Read full story&quot;,&quot;showBylines&quot;:true,&quot;size&quot;:&quot;md&quot;,&quot;isEditorNode&quot;:true,&quot;title&quot;:&quot;Why &#8220;Good Enough&#8221; AR Is Quietly Killing Your Cash Flow&quot;,&quot;publishedBylines&quot;:[],&quot;post_date&quot;:&quot;2026-04-22T15:02:31.000Z&quot;,&quot;cover_image&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/3de2e023-df76-4df6-bf38-6fbae3344152_658x490.png&quot;,&quot;cover_image_alt&quot;:null,&quot;canonical_url&quot;:&quot;https://tradecredit.substack.com/p/why-good-enough-ar-is-quietly-killing-your-cash-flow&quot;,&quot;section_name&quot;:&quot;Thought Leaders&quot;,&quot;video_upload_id&quot;:null,&quot;id&quot;:192757551,&quot;type&quot;:&quot;newsletter&quot;,&quot;reaction_count&quot;:14,&quot;comment_count&quot;:0,&quot;publication_id&quot;:3154770,&quot;publication_name&quot;:&quot;Trade Credit &amp; Liquidity Management&quot;,&quot;publication_logo_url&quot;:&quot;https://substackcdn.com/image/fetch/$s_!G16N!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd30ec4a5-eb1c-4b30-974a-bc93ccff883a_1078x1078.png&quot;,&quot;belowTheFold&quot;:false,&quot;youtube_url&quot;:null,&quot;show_links&quot;:null,&quot;feed_url&quot;:null}"></div><div class="subscription-widget-wrap-editor" data-attrs="{&quot;url&quot;:&quot;https://tradecredit.substack.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe&quot;,&quot;language&quot;:&quot;en&quot;}" data-component-name="SubscribeWidgetToDOM"><div class="subscription-widget show-subscribe"><div class="preamble"><p class="cta-caption"><em><strong>Trade Credit &amp; Liquidity Management</strong> is an independent publication dedicated to helping our audience perform at their best. If you are not already a subscriber, please consider joining the TCLM community.</em></p></div><form class="subscription-widget-subscribe"><input type="email" class="email-input" name="email" placeholder="Type your email&#8230;" tabindex="-1"><input type="submit" class="button primary" value="Subscribe"><div class="fake-input-wrapper"><div class="fake-input"></div><div class="fake-button"></div></div></form></div></div><h1>Conversations</h1><div class="digest-post-embed" data-attrs="{&quot;nodeId&quot;:&quot;0ffaf75a-98e9-426b-9783-4eb383424209&quot;,&quot;caption&quot;:&quot;In this episode of the TCLM&#8217;s Credit on the Go podcast, host Bob Shultz sits down with Dee Bowden, a dynamic revenue recovery consultant and author of Collect the Cash. Dee shares the remarkable story of how she recovered $6 million in just 60 days for a struggling IT firm &#8230;&quot;,&quot;cta&quot;:&quot;Listen now&quot;,&quot;showBylines&quot;:true,&quot;size&quot;:&quot;lg&quot;,&quot;isEditorNode&quot;:true,&quot;title&quot;:&quot;Closing the Loop: Mastering the Mechanics of Revenue Recovery&quot;,&quot;publishedBylines&quot;:[{&quot;id&quot;:245209178,&quot;name&quot;:&quot;Robert Shultz&quot;,&quot;bio&quot;:&quot;An acknowledged expert, author, conference speaker, trainer, and educator covering topics related to trade credit, business liquidity and working capital management with a 40 plus year career as a senior executive and order to cash consultant. &quot;,&quot;photo_url&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/ab02eb7a-123a-43d9-a18a-0be693c5f69d_1961x1961.jpeg&quot;,&quot;is_guest&quot;:false,&quot;bestseller_tier&quot;:null}],&quot;post_date&quot;:&quot;2026-04-24T15:03:49.357Z&quot;,&quot;cover_image&quot;:&quot;https://substack-video.s3.amazonaws.com/video_upload/post/195044831/ffbcabe1-fa96-4dd2-9c32-f4b9cb4924c9/transcoded-1776952554.png&quot;,&quot;cover_image_alt&quot;:null,&quot;canonical_url&quot;:&quot;https://tradecredit.substack.com/p/closing-the-loop-mastering-the-mechanics-of-revenue-recovery&quot;,&quot;section_name&quot;:&quot;Credit On The Go&quot;,&quot;video_upload_id&quot;:null,&quot;id&quot;:195044831,&quot;type&quot;:&quot;podcast&quot;,&quot;reaction_count&quot;:2,&quot;comment_count&quot;:0,&quot;publication_id&quot;:3154770,&quot;publication_name&quot;:&quot;Trade Credit &amp; Liquidity Management&quot;,&quot;publication_logo_url&quot;:&quot;https://substackcdn.com/image/fetch/$s_!G16N!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd30ec4a5-eb1c-4b30-974a-bc93ccff883a_1078x1078.png&quot;,&quot;belowTheFold&quot;:false,&quot;youtube_url&quot;:null,&quot;show_links&quot;:null,&quot;feed_url&quot;:null}"></div><div class="pullquote"><p><em>&#8220;Success is not the key to happiness. Happiness is the key to success.&#8221; &#8211; Albert Schweitzer.</em></p></div><h1>Action Items</h1><div class="digest-post-embed" data-attrs="{&quot;nodeId&quot;:&quot;79577216-ed9d-4dd3-9815-269dd2a9889c&quot;,&quot;caption&quot;:&quot;The best credit decisions rarely come from a cursory review of a credit application or reliance on a credit score. They come from knowing the customer well enough to separate a good risk from a bad one. That takes information, judgment, and time. When the picture is incomplete, your credit decision becomes guesswork&#8230;&quot;,&quot;cta&quot;:&quot;Read full story&quot;,&quot;showBylines&quot;:true,&quot;size&quot;:&quot;md&quot;,&quot;isEditorNode&quot;:true,&quot;title&quot;:&quot;After the Credit Application: Go Deeper to Know Your Customers&quot;,&quot;publishedBylines&quot;:[{&quot;id&quot;:29053814,&quot;name&quot;:&quot;David Schmidt&quot;,&quot;bio&quot;:&quot;David Schmidt, Managing Director of A2 Resources (a consultancy focused on credit, collections and AR automation) is a 40+ year business credit executive and co-author of Power Collecting: Automation for Efficient Asset Management (Wiley, 1998).&quot;,&quot;photo_url&quot;:&quot;https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/55d9b1f0-9547-4b76-a870-583e5c9ce1d3_199x200.png&quot;,&quot;is_guest&quot;:false,&quot;bestseller_tier&quot;:null}],&quot;post_date&quot;:&quot;2026-04-27T15:03:01.778Z&quot;,&quot;cover_image&quot;:&quot;https://substackcdn.com/image/fetch/$s_!3i6Z!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F03627e72-6b54-43f9-9ae1-f4049abaabbc_640x427.jpeg&quot;,&quot;cover_image_alt&quot;:null,&quot;canonical_url&quot;:&quot;https://tradecredit.substack.com/p/after-the-credit-application-getting-to-really-know-your-customers&quot;,&quot;section_name&quot;:&quot;Jumpstarters&quot;,&quot;video_upload_id&quot;:null,&quot;id&quot;:195347051,&quot;type&quot;:&quot;newsletter&quot;,&quot;reaction_count&quot;:19,&quot;comment_count&quot;:0,&quot;publication_id&quot;:3154770,&quot;publication_name&quot;:&quot;Trade Credit &amp; Liquidity Management&quot;,&quot;publication_logo_url&quot;:&quot;https://substackcdn.com/image/fetch/$s_!G16N!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd30ec4a5-eb1c-4b30-974a-bc93ccff883a_1078x1078.png&quot;,&quot;belowTheFold&quot;:true,&quot;youtube_url&quot;:null,&quot;show_links&quot;:null,&quot;feed_url&quot;:null}"></div><div class="digest-post-embed" data-attrs="{&quot;nodeId&quot;:&quot;990a71c6-aade-4898-8454-e0b9760d1c68&quot;,&quot;caption&quot;:&quot;Credit Managers are busy people. There are always orders to approve or challenge, credit decisions for new customers, collection priorities, and highly visible financial targets. This fast-paced environment is an incubator for fraudsters. Your company is vulnerable when there is too much to do, too little time to do it, and safeguards are not in place.&#8230;&quot;,&quot;cta&quot;:&quot;Read full story&quot;,&quot;showBylines&quot;:true,&quot;size&quot;:&quot;md&quot;,&quot;isEditorNode&quot;:true,&quot;title&quot;:&quot;Is Your Company Prepared to Prevent Business Fraud, or Is it Set to Be the Next Victim?&quot;,&quot;publishedBylines&quot;:[{&quot;id&quot;:245209178,&quot;name&quot;:&quot;Robert Shultz&quot;,&quot;bio&quot;:&quot;An acknowledged expert, author, conference speaker, trainer, and educator covering topics related to trade credit, business liquidity and working capital management with a 40 plus year career as a senior executive and order to cash consultant. &quot;,&quot;photo_url&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/ab02eb7a-123a-43d9-a18a-0be693c5f69d_1961x1961.jpeg&quot;,&quot;is_guest&quot;:false,&quot;bestseller_tier&quot;:null}],&quot;post_date&quot;:&quot;2026-04-20T15:02:49.325Z&quot;,&quot;cover_image&quot;:&quot;https://substackcdn.com/image/fetch/$s_!xM_1!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F2a122c77-053f-43b6-b3da-f11d37a2887d_2400x1602.jpeg&quot;,&quot;cover_image_alt&quot;:null,&quot;canonical_url&quot;:&quot;https://tradecredit.substack.com/p/is-your-company-prepared-to-prevent-business-fraud-part-2&quot;,&quot;section_name&quot;:&quot;Jumpstarters&quot;,&quot;video_upload_id&quot;:null,&quot;id&quot;:192670521,&quot;type&quot;:&quot;newsletter&quot;,&quot;reaction_count&quot;:12,&quot;comment_count&quot;:1,&quot;publication_id&quot;:3154770,&quot;publication_name&quot;:&quot;Trade Credit &amp; Liquidity Management&quot;,&quot;publication_logo_url&quot;:&quot;https://substackcdn.com/image/fetch/$s_!G16N!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd30ec4a5-eb1c-4b30-974a-bc93ccff883a_1078x1078.png&quot;,&quot;belowTheFold&quot;:true,&quot;youtube_url&quot;:null,&quot;show_links&quot;:null,&quot;feed_url&quot;:null}"></div><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://nacmbcs.org" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!crd7!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff1ecabba-46fc-49e1-9f45-149894ba95d1_600x250.png 424w, https://substackcdn.com/image/fetch/$s_!crd7!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff1ecabba-46fc-49e1-9f45-149894ba95d1_600x250.png 848w, https://substackcdn.com/image/fetch/$s_!crd7!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff1ecabba-46fc-49e1-9f45-149894ba95d1_600x250.png 1272w, https://substackcdn.com/image/fetch/$s_!crd7!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff1ecabba-46fc-49e1-9f45-149894ba95d1_600x250.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!crd7!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff1ecabba-46fc-49e1-9f45-149894ba95d1_600x250.png" width="724" height="301.6666666666667" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/f1ecabba-46fc-49e1-9f45-149894ba95d1_600x250.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:250,&quot;width&quot;:600,&quot;resizeWidth&quot;:724,&quot;bytes&quot;:156194,&quot;alt&quot;:&quot;&quot;,&quot;title&quot;:&quot;&quot;,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:&quot;https://nacmbcs.org&quot;,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:&quot;https://tradecredit.substack.com/i/186098364?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff1ecabba-46fc-49e1-9f45-149894ba95d1_600x250.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" title="" srcset="https://substackcdn.com/image/fetch/$s_!crd7!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff1ecabba-46fc-49e1-9f45-149894ba95d1_600x250.png 424w, https://substackcdn.com/image/fetch/$s_!crd7!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff1ecabba-46fc-49e1-9f45-149894ba95d1_600x250.png 848w, https://substackcdn.com/image/fetch/$s_!crd7!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff1ecabba-46fc-49e1-9f45-149894ba95d1_600x250.png 1272w, https://substackcdn.com/image/fetch/$s_!crd7!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff1ecabba-46fc-49e1-9f45-149894ba95d1_600x250.png 1456w" sizes="100vw" loading="lazy"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><h1>Industry &amp; Market Insights</h1><div class="digest-post-embed" data-attrs="{&quot;nodeId&quot;:&quot;ac150789-169b-4961-aca3-a435deff377a&quot;,&quot;caption&quot;:&quot;For treasury and trade credit professionals, the traditional focus has often been on the Cash Conversion Cycle. However, a new metric is emerging as the ultimate litmus test for business resilience: Time to Cash. Defined as the exact span of time between issuing an invoice and having usable funds in the bank, this measure captures ...&quot;,&quot;cta&quot;:&quot;Read full story&quot;,&quot;showBylines&quot;:true,&quot;size&quot;:&quot;md&quot;,&quot;isEditorNode&quot;:true,&quot;title&quot;:&quot;It Starts with a Sale: The Importance of Mastering the &#8220;First Mile&#8221; of Cash Velocity&quot;,&quot;publishedBylines&quot;:[{&quot;id&quot;:29053814,&quot;name&quot;:&quot;David Schmidt&quot;,&quot;bio&quot;:&quot;David Schmidt, Managing Director of A2 Resources (a consultancy focused on credit, collections and AR automation) is a 40+ year business credit executive and co-author of Power Collecting: Automation for Efficient Asset Management (Wiley, 1998).&quot;,&quot;photo_url&quot;:&quot;https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/55d9b1f0-9547-4b76-a870-583e5c9ce1d3_199x200.png&quot;,&quot;is_guest&quot;:false,&quot;bestseller_tier&quot;:null}],&quot;post_date&quot;:&quot;2026-04-30T17:02:20.518Z&quot;,&quot;cover_image&quot;:&quot;https://substackcdn.com/image/fetch/$s_!_xHp!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7fedfad0-78d9-4eda-855f-19cb4350c919_6000x4000.jpeg&quot;,&quot;cover_image_alt&quot;:null,&quot;canonical_url&quot;:&quot;https://tradecredit.substack.com/p/it-starts-with-a-sale-the-importance-of-mastering-the-first-mile-of-cash-velocity&quot;,&quot;section_name&quot;:&quot;Industry News&quot;,&quot;video_upload_id&quot;:null,&quot;id&quot;:190847870,&quot;type&quot;:&quot;newsletter&quot;,&quot;reaction_count&quot;:1,&quot;comment_count&quot;:0,&quot;publication_id&quot;:3154770,&quot;publication_name&quot;:&quot;Trade Credit &amp; Liquidity Management&quot;,&quot;publication_logo_url&quot;:&quot;https://substackcdn.com/image/fetch/$s_!G16N!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd30ec4a5-eb1c-4b30-974a-bc93ccff883a_1078x1078.png&quot;,&quot;belowTheFold&quot;:true,&quot;youtube_url&quot;:null,&quot;show_links&quot;:null,&quot;feed_url&quot;:null}"></div><div class="digest-post-embed" data-attrs="{&quot;nodeId&quot;:&quot;2458ad47-0341-4040-9148-a76acf94f49d&quot;,&quot;caption&quot;:&quot;By Paul Hill -- Bookmark this. We&#8217;ve been saying for years that US debt is an accelerating train wreck (we&#8217;re not the most doom-and-gloom), and it will become untenable for investors. Someday. Not sure when, but someday. That someday is looking like it&#8217;s a lot closer than ever before. Thirty-four percent of U.S. debt is maturing this year...&quot;,&quot;cta&quot;:&quot;Read full story&quot;,&quot;showBylines&quot;:true,&quot;size&quot;:&quot;md&quot;,&quot;isEditorNode&quot;:true,&quot;title&quot;:&quot;Could U.S. Debt Be Approaching an Inflection Point?&quot;,&quot;publishedBylines&quot;:[],&quot;post_date&quot;:&quot;2026-04-30T12:03:17.413Z&quot;,&quot;cover_image&quot;:&quot;https://substackcdn.com/image/fetch/$s_!5u3j!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F206858e7-dd6a-48b2-8949-329ed2ca05e6_1066x657.png&quot;,&quot;cover_image_alt&quot;:null,&quot;canonical_url&quot;:&quot;https://tradecredit.substack.com/p/could-us-debt-be-approaching-an-inflection-point&quot;,&quot;section_name&quot;:&quot;Industry News&quot;,&quot;video_upload_id&quot;:null,&quot;id&quot;:194800599,&quot;type&quot;:&quot;newsletter&quot;,&quot;reaction_count&quot;:2,&quot;comment_count&quot;:0,&quot;publication_id&quot;:3154770,&quot;publication_name&quot;:&quot;Trade Credit &amp; Liquidity Management&quot;,&quot;publication_logo_url&quot;:&quot;https://substackcdn.com/image/fetch/$s_!G16N!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd30ec4a5-eb1c-4b30-974a-bc93ccff883a_1078x1078.png&quot;,&quot;belowTheFold&quot;:true,&quot;youtube_url&quot;:null,&quot;show_links&quot;:null,&quot;feed_url&quot;:null}"></div><h3>Vendor Press Releases:</h3><div class="digest-post-embed" data-attrs="{&quot;nodeId&quot;:&quot;a296de30-330d-4659-9616-224a40bc6d9b&quot;,&quot;caption&quot;:&quot;From a Press Release dated April 29, 2026, New York, New York&quot;,&quot;cta&quot;:&quot;Read full story&quot;,&quot;showBylines&quot;:true,&quot;size&quot;:&quot;sm&quot;,&quot;isEditorNode&quot;:true,&quot;title&quot;:&quot;Industrialized Fraud: Securing the B2B Payment Lifecycle&quot;,&quot;publishedBylines&quot;:[],&quot;post_date&quot;:&quot;2026-05-01T14:19:12.676Z&quot;,&quot;cover_image&quot;:&quot;https://substackcdn.com/image/fetch/$s_!h2-f!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4b6384af-061c-4180-ad9f-33157c2d66ff_786x438.png&quot;,&quot;cover_image_alt&quot;:null,&quot;canonical_url&quot;:&quot;https://tradecredit.substack.com/p/industrialized-fraud-securing-the-b2b-payment-lifecycle&quot;,&quot;section_name&quot;:&quot;Industry News&quot;,&quot;video_upload_id&quot;:null,&quot;id&quot;:196076222,&quot;type&quot;:&quot;newsletter&quot;,&quot;reaction_count&quot;:0,&quot;comment_count&quot;:0,&quot;publication_id&quot;:3154770,&quot;publication_name&quot;:&quot;Trade Credit &amp; Liquidity Management&quot;,&quot;publication_logo_url&quot;:&quot;https://substackcdn.com/image/fetch/$s_!G16N!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd30ec4a5-eb1c-4b30-974a-bc93ccff883a_1078x1078.png&quot;,&quot;belowTheFold&quot;:true,&quot;youtube_url&quot;:null,&quot;show_links&quot;:null,&quot;feed_url&quot;:null}"></div><div class="digest-post-embed" data-attrs="{&quot;nodeId&quot;:&quot;af732404-043a-4964-a475-c75808b464c9&quot;,&quot;caption&quot;:&quot;From a Press Release dated April 27, 2026, Santa Cruz, California&quot;,&quot;cta&quot;:&quot;Read full story&quot;,&quot;showBylines&quot;:true,&quot;size&quot;:&quot;sm&quot;,&quot;isEditorNode&quot;:true,&quot;title&quot;:&quot;First Bitwage, Now USDb: Paystand's Stablecoin Backbone for B2B Cash Flow&quot;,&quot;publishedBylines&quot;:[],&quot;post_date&quot;:&quot;2026-04-30T15:23:13.777Z&quot;,&quot;cover_image&quot;:&quot;https://substackcdn.com/image/fetch/$s_!L47A!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fdcb455c4-be57-4166-87a5-18b79e2bc146_500x500.png&quot;,&quot;cover_image_alt&quot;:null,&quot;canonical_url&quot;:&quot;https://tradecredit.substack.com/p/first-bitwage-now-usdb-paystands-stablecoin-backbonee-for-b2b-cash-flow&quot;,&quot;section_name&quot;:&quot;Industry News&quot;,&quot;video_upload_id&quot;:null,&quot;id&quot;:195768503,&quot;type&quot;:&quot;newsletter&quot;,&quot;reaction_count&quot;:0,&quot;comment_count&quot;:0,&quot;publication_id&quot;:3154770,&quot;publication_name&quot;:&quot;Trade Credit &amp; Liquidity Management&quot;,&quot;publication_logo_url&quot;:&quot;https://substackcdn.com/image/fetch/$s_!G16N!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd30ec4a5-eb1c-4b30-974a-bc93ccff883a_1078x1078.png&quot;,&quot;belowTheFold&quot;:true,&quot;youtube_url&quot;:null,&quot;show_links&quot;:null,&quot;feed_url&quot;:null}"></div><div class="digest-post-embed" data-attrs="{&quot;nodeId&quot;:&quot;00a2f1a0-1966-4492-a39f-71a74d587c21&quot;,&quot;caption&quot;:&quot;From a Press Release dated April 27, 2026, San Diego, California&quot;,&quot;cta&quot;:&quot;Read full story&quot;,&quot;showBylines&quot;:true,&quot;size&quot;:&quot;sm&quot;,&quot;isEditorNode&quot;:true,&quot;title&quot;:&quot;A Bigger Same Day ACH Limit Changes the Treasury Playbook&quot;,&quot;publishedBylines&quot;:[],&quot;post_date&quot;:&quot;2026-04-29T14:42:10.433Z&quot;,&quot;cover_image&quot;:&quot;https://substackcdn.com/image/fetch/$s_!rdYh!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F46b70e32-3d45-4dc9-a21a-957b0723fede_1540x990.png&quot;,&quot;cover_image_alt&quot;:null,&quot;canonical_url&quot;:&quot;https://tradecredit.substack.com/p/a-bigger-same-day-ach-limit-changes-the-treasury-playbook&quot;,&quot;section_name&quot;:&quot;Industry News&quot;,&quot;video_upload_id&quot;:null,&quot;id&quot;:195768641,&quot;type&quot;:&quot;newsletter&quot;,&quot;reaction_count&quot;:2,&quot;comment_count&quot;:0,&quot;publication_id&quot;:3154770,&quot;publication_name&quot;:&quot;Trade Credit &amp; Liquidity Management&quot;,&quot;publication_logo_url&quot;:&quot;https://substackcdn.com/image/fetch/$s_!G16N!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd30ec4a5-eb1c-4b30-974a-bc93ccff883a_1078x1078.png&quot;,&quot;belowTheFold&quot;:true,&quot;youtube_url&quot;:null,&quot;show_links&quot;:null,&quot;feed_url&quot;:null}"></div><div class="digest-post-embed" data-attrs="{&quot;nodeId&quot;:&quot;3a0816e5-193c-45ef-90a1-697011fdb06a&quot;,&quot;caption&quot;:&quot;From a Press Release dated April 21, 2026, Cheyenne, Wyoming&quot;,&quot;cta&quot;:&quot;Read full story&quot;,&quot;showBylines&quot;:true,&quot;size&quot;:&quot;sm&quot;,&quot;isEditorNode&quot;:true,&quot;title&quot;:&quot;N3XT Puts the U.S. Dollar on Blockchain Rails&quot;,&quot;publishedBylines&quot;:[],&quot;post_date&quot;:&quot;2026-04-26T19:30:46.665Z&quot;,&quot;cover_image&quot;:&quot;https://substackcdn.com/image/fetch/$s_!5ilI!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6b971195-5ae4-4c6a-894c-fb856786a04a_1536x1024.png&quot;,&quot;cover_image_alt&quot;:null,&quot;canonical_url&quot;:&quot;https://tradecredit.substack.com/p/n3xt-puts-the-us-dollar-on-blockchain-rails&quot;,&quot;section_name&quot;:&quot;Industry News&quot;,&quot;video_upload_id&quot;:null,&quot;id&quot;:194938704,&quot;type&quot;:&quot;newsletter&quot;,&quot;reaction_count&quot;:0,&quot;comment_count&quot;:0,&quot;publication_id&quot;:3154770,&quot;publication_name&quot;:&quot;Trade Credit &amp; Liquidity Management&quot;,&quot;publication_logo_url&quot;:&quot;https://substackcdn.com/image/fetch/$s_!G16N!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd30ec4a5-eb1c-4b30-974a-bc93ccff883a_1078x1078.png&quot;,&quot;belowTheFold&quot;:true,&quot;youtube_url&quot;:null,&quot;show_links&quot;:null,&quot;feed_url&quot;:null}"></div><div class="digest-post-embed" data-attrs="{&quot;nodeId&quot;:&quot;ba3a1a20-0d66-43e9-9f10-294f7ebd0503&quot;,&quot;caption&quot;:&quot;From a Press Release dated April 21, 2026, Annapolis, Maryland&quot;,&quot;cta&quot;:&quot;Read full story&quot;,&quot;showBylines&quot;:true,&quot;size&quot;:&quot;sm&quot;,&quot;isEditorNode&quot;:true,&quot;title&quot;:&quot;X9&#8217;s SUA Standard Could Be a Big Win for Suppliers&quot;,&quot;publishedBylines&quot;:[],&quot;post_date&quot;:&quot;2026-04-23T18:21:38.828Z&quot;,&quot;cover_image&quot;:&quot;https://substackcdn.com/image/fetch/$s_!8r5O!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7e0043e1-8410-4a46-971b-847ac1bf360e_518x312.png&quot;,&quot;cover_image_alt&quot;:null,&quot;canonical_url&quot;:&quot;https://tradecredit.substack.com/p/x9s-sua-standard-could-be-a-big-win-for-suppliers&quot;,&quot;section_name&quot;:&quot;Industry News&quot;,&quot;video_upload_id&quot;:null,&quot;id&quot;:195040761,&quot;type&quot;:&quot;newsletter&quot;,&quot;reaction_count&quot;:0,&quot;comment_count&quot;:0,&quot;publication_id&quot;:3154770,&quot;publication_name&quot;:&quot;Trade Credit &amp; Liquidity Management&quot;,&quot;publication_logo_url&quot;:&quot;https://substackcdn.com/image/fetch/$s_!G16N!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd30ec4a5-eb1c-4b30-974a-bc93ccff883a_1078x1078.png&quot;,&quot;belowTheFold&quot;:true,&quot;youtube_url&quot;:null,&quot;show_links&quot;:null,&quot;feed_url&quot;:null}"></div><h1>Professional Development</h1><p class="button-wrapper" data-attrs="{&quot;url&quot;:&quot;mailto:rshultz@tclmnews.com&quot;,&quot;text&quot;:&quot;Inquire About TCLM Training Resources&quot;,&quot;action&quot;:null,&quot;class&quot;:null}" data-component-name="ButtonCreateButton"><a class="button primary" href="mailto:rshultz@tclmnews.com"><span>Inquire About TCLM Training Resources</span></a></p><h3>Go To Networking:</h3><p><em><strong><a href="https://informaconnect.com/finovatespring/purchase/select-package">Finovate Spring</a></strong></em> &#8212; May 5-7, 2026, Sheraton San Diego Hotel and Marina May 5-7, 2026</p><p><em><strong><a href="https://linkmktg.treasuryandrisk.com/click/45154116.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">International Treasury &amp; Cash Management Miami Summit</a></strong></em>, May 27th-29th, InterContinental, Miami, FL</p><p><em><strong><a href="https://www.gartner.com/en/conferences/na/cfo-finance-us">Gartner Finance Symposium/Xpo</a></strong></em> &#8212; May 27 &#8211; 29, 2026, Gaylord National Resort and Conference Center, National Harbor, MD</p><p><em><strong><a href="https://creditcongress.nacm.org/">NACM&#8217;s 130th Credit Congress &amp; Expo</a></strong></em>, June 7 - 10, 2026, America&#8217;s Center Convention Complex, St. Louis, MO</p><h3>Online Learning Opportunities:</h3><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://register.gotowebinar.com/register/5887989674913219925?source=TCLM" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!6GeA!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F572e260a-202d-4b09-a25c-4cdebff2bf9b_725x300.jpeg 424w, https://substackcdn.com/image/fetch/$s_!6GeA!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F572e260a-202d-4b09-a25c-4cdebff2bf9b_725x300.jpeg 848w, https://substackcdn.com/image/fetch/$s_!6GeA!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F572e260a-202d-4b09-a25c-4cdebff2bf9b_725x300.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!6GeA!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F572e260a-202d-4b09-a25c-4cdebff2bf9b_725x300.jpeg 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!6GeA!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F572e260a-202d-4b09-a25c-4cdebff2bf9b_725x300.jpeg" width="725" height="300" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/572e260a-202d-4b09-a25c-4cdebff2bf9b_725x300.jpeg&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:300,&quot;width&quot;:725,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:63556,&quot;alt&quot;:&quot;&quot;,&quot;title&quot;:null,&quot;type&quot;:&quot;image/jpeg&quot;,&quot;href&quot;:&quot;https://register.gotowebinar.com/register/5887989674913219925?source=TCLM&quot;,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:&quot;https://tradecredit.substack.com/i/192757551?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F572e260a-202d-4b09-a25c-4cdebff2bf9b_725x300.jpeg&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" title="" srcset="https://substackcdn.com/image/fetch/$s_!6GeA!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F572e260a-202d-4b09-a25c-4cdebff2bf9b_725x300.jpeg 424w, https://substackcdn.com/image/fetch/$s_!6GeA!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F572e260a-202d-4b09-a25c-4cdebff2bf9b_725x300.jpeg 848w, https://substackcdn.com/image/fetch/$s_!6GeA!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F572e260a-202d-4b09-a25c-4cdebff2bf9b_725x300.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!6GeA!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F572e260a-202d-4b09-a25c-4cdebff2bf9b_725x300.jpeg 1456w" sizes="100vw" loading="lazy"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p><em><strong><a href="https://members.creditmanagementassociation.org/atlas/events/1051/details">26th Annual CMA Southwest Business &amp; Construction Credit Virtual Conference</a></strong></em> &#8212; 24 live sessions over 4 days, May 5-8, 2026</p><p><em><strong><a href="https://us06web.zoom.us/webinar/register/WN_qbCjbtprSuyPHMDh0YZxLA#/registration">From Volatility to Visibility: Smarter FX Risk Mgmt for Treasury Teams</a></strong></em> &#8212; complementary webinar sponsored by treasury XL, 4:00 - 5:45 AM EDT, May 12, 2026</p><p><em><strong><a href="https://www.nacmconnect.org/wp-content/uploads/2025/2026-credit-101-102-103-schedule.pdf">Credit 101</a></strong></em> &#8212; Offered by NACM Connect. This is a basic-level orientation program that introduces newcomers to the multifaceted field of credit management, May 13, 2026, 10 AM to 5 PM ET</p><h3>For Your Night Stand:</h3><div class="digest-post-embed" data-attrs="{&quot;nodeId&quot;:&quot;125531d5-78eb-4aa3-9dad-9366ac5fa91d&quot;,&quot;caption&quot;:&quot;&#8220;Collect the Cash&#8221; by Dee Bowden is a must-read for trade credit and collection practitioners seeking practical strategies to turn overdue invoices into reliable revenue. Drawing from her decade-plus experience recovering over $100 million in outstanding debts, Bowden transforms the often-dreaded collections process into an approachable skill anyone can master.&#8230;&quot;,&quot;cta&quot;:&quot;Read full story&quot;,&quot;showBylines&quot;:true,&quot;size&quot;:&quot;md&quot;,&quot;isEditorNode&quot;:true,&quot;title&quot;:&quot;Collect the Cash&quot;,&quot;publishedBylines&quot;:[{&quot;id&quot;:29053814,&quot;name&quot;:&quot;David Schmidt&quot;,&quot;bio&quot;:&quot;David Schmidt, Managing Director of A2 Resources (a consultancy focused on credit, collections and AR automation) is a 40+ year business credit executive and co-author of Power Collecting: Automation for Efficient Asset Management (Wiley, 1998).&quot;,&quot;photo_url&quot;:&quot;https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/55d9b1f0-9547-4b76-a870-583e5c9ce1d3_199x200.png&quot;,&quot;is_guest&quot;:false,&quot;bestseller_tier&quot;:null}],&quot;post_date&quot;:&quot;2026-05-01T12:03:39.780Z&quot;,&quot;cover_image&quot;:&quot;https://substackcdn.com/image/fetch/$s_!rbt_!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fcc395818-0341-40cb-a6c9-a6382e755458_482x692.png&quot;,&quot;cover_image_alt&quot;:null,&quot;canonical_url&quot;:&quot;https://tradecredit.substack.com/p/collect-the-cash-by-dee-bowden&quot;,&quot;section_name&quot;:&quot;Bookshelf&quot;,&quot;video_upload_id&quot;:null,&quot;id&quot;:196014204,&quot;type&quot;:&quot;newsletter&quot;,&quot;reaction_count&quot;:0,&quot;comment_count&quot;:0,&quot;publication_id&quot;:3154770,&quot;publication_name&quot;:&quot;Trade Credit &amp; Liquidity Management&quot;,&quot;publication_logo_url&quot;:&quot;https://substackcdn.com/image/fetch/$s_!G16N!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd30ec4a5-eb1c-4b30-974a-bc93ccff883a_1078x1078.png&quot;,&quot;belowTheFold&quot;:true,&quot;youtube_url&quot;:null,&quot;show_links&quot;:null,&quot;feed_url&quot;:null}"></div><h1>On Our Radar</h1><p><em><strong><a href="https://www.wsj.com/world/europe/frances-economy-stalled-in-first-quarter-1cb5de65">Eurozone Economy Slows in First Quarter as Energy Shock Bites</a></strong></em>, by Ed Frankl in <strong>The Wall Street Journal</strong>, 4/30/26</p><p><em><strong><a href="https://www.pymnts.com/news/b2b-payments/2026/mastercard-and-wells-fargo-target-the-friction-slowing-b2b-cards">Mastercard and Wells Fargo Target the Friction Slowing B2B Cards</a></strong></em> &#8212; in this on-demand <strong>PYMNTS</strong> workshop, Nick White, SVP of Commercial Acceptance at MasterCard, and Paul Uher, Head of Commercial and Corporate Banking Merchant Services at Wells Fargo, sit down with PYMNT&#8217;s Chief Content Officer, John Gaffney, 4/30/26.</p><p><em><strong><a href="https://www.nytimes.com/2026/04/29/business/economy/what-to-watch-at-the-federal-reserves-april-meeting.html?campaign_id=2&amp;instance_id=174862&amp;nl=today%27s-headlines&amp;regi_id=125797379&amp;segment_id=219062&amp;user_id=82d0ea3a3acf09e544cedc94254829f1">Fed Meeting Underscores Tough Task Ahead for Warsh,</a></strong></em> by Colby Smith in <strong>The New York Times</strong>, 4/29/26</p><p><em><strong><a href="https://www.wsj.com/finance/investing/two-big-loan-defaults-add-to-pain-in-private-credit-funds-b179351c">Two Big Loan Defaults Add to Pain in Private-Credit Funds</a>,</strong></em> by Matt Wirz and Alexander Gladstone in <strong>The Wall Street Journal</strong>, 4/24/26</p><p><em><strong><a href="https://ctmfile.com/story/payment-delays-and-geopolitics-test-exporters">Payment delays and geopolitics test exporters</a>,</strong></em> by Ben Poole in <strong>CTMfile</strong>, 4/24/26</p><p><em><strong><a href="https://gfmag.com/capital-raising-corporate-finance/how-autonomous-treasury-fixes-slow-cash-checks/">How Autonomous Treasury Speeds Cash Visibility</a>,</strong></em> by Gilly Write in <strong>Global Finance Magazine</strong>, 4//23/26</p><p><em><strong><a href="https://www.wsj.com/finance/regulation/u-s-officials-try-to-get-a-grip-on-risks-bubbling-inside-private-credit-31d0e199">U.S. Officials Try to Get a Grip on Risks Bubbling Inside Private Credit</a></strong></em>, by Dave Michaels, Dylan Tokar, and Gina Heeb in <strong>The Wall Street Journal</strong>, 4/22/26</p><p><em><strong><a href="https://www.paymentsjournal.com/what-would-it-take-for-stablecoins-to-replace-wire-transfers-in-b2b-payments/">What Would it Take for Stablecoins to Replace Wire Transfers in B2B Payments?</a></strong></em> &#8212; a <strong>PaymentsJournal</strong> Podcast with Avinash Chidambaram, Founder and CEO of Cybrid, and James Wester, Co-Head of Payments at Javelin Strategy &amp; Research, 4/21/26 </p><p><em><strong><a href="https://www.cutoday.info/Fresh-Today/CFOs-Eye-Stablecoins-As-Payments-Tool-Not-Crypto-Bet">CFOs Eye Stablecoins As Payments Tool, Not Crypto Bet</a></strong></em> in <strong>CU Today</strong>, 4/19/26</p><p><em><strong><a href="https://www.wsj.com/pro/bankruptcy/qvc-files-for-chapter-11-bankruptcy-plans-to-restructure-6-6-billion-of-debt-57c5215b">QVC Files for Chapter 11 Bankruptcy, Plans to Restructure $6.6 Billion of Debt</a></strong></em>, by Katherine Hamilton in <strong>The Wall Street Journal</strong>, 4/16/26</p><div class="captioned-button-wrap" data-attrs="{&quot;url&quot;:&quot;https://tradecredit.substack.com/p/the-evolving-payments-ecosystem-the-impact-on-ar-in-2026?utm_source=substack&amp;utm_medium=email&amp;utm_content=share&amp;action=share&amp;token=eyJ1c2VyX2lkIjoyOTA1MzgxNCwicG9zdF9pZCI6MTgxNTUyMzAyLCJpYXQiOjE3NjY0MjUwNTAsImV4cCI6MTc2OTAxNzA1MCwiaXNzIjoicHViLTMxNTQ3NzAiLCJzdWIiOiJwb3N0LXJlYWN0aW9uIn0.ZuPJAAuW4WWMDsRm7wxJp4rebtiLJPImzExke-b3zDE&quot;,&quot;text&quot;:&quot;Share&quot;}" data-component-name="CaptionedButtonToDOM"><div class="preamble"><p class="cta-caption"><em>If you&#8217;ve enjoyed reading this newsletter, please consider sharing it with your staff and colleagues.</em></p></div><p class="button-wrapper" data-attrs="{&quot;url&quot;:&quot;https://tradecredit.substack.com/p/trade-credit-and-liquidity-management-2-9?utm_source=substack&utm_medium=email&utm_content=share&action=share&quot;,&quot;text&quot;:&quot;Share&quot;}" data-component-name="ButtonCreateButton"><a class="button primary" href="https://tradecredit.substack.com/p/trade-credit-and-liquidity-management-2-9?utm_source=substack&utm_medium=email&utm_content=share&action=share"><span>Share</span></a></p></div><div><hr></div><h3><strong>Editorial Opportunities:</strong></h3><p><em><strong>Have insights to share?</strong> Get featured in TCLM. <strong><a href="mailto:rshultz@tclmnews.com">Contact us about contributing!</a></strong></em></p><h3><strong>Advertising Opportunities:</strong></h3><p><em><strong>Your audience is here</strong>: thousands of corporate trade credit, treasury, and finance professionals. TCLM is where quote-to-cash decision-makers engage with the latest trends and insights. Put your brand in front of the right people at the right time.</em> <em><strong><a href="mailto:dschmidt@tclmnews.com">Advertise with us!</a></strong></em></p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="http://marketquotient.com" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!iTvk!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd51749e9-69c5-4196-ad96-b70e7a4c131f_1200x628.png 424w, https://substackcdn.com/image/fetch/$s_!iTvk!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd51749e9-69c5-4196-ad96-b70e7a4c131f_1200x628.png 848w, 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stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div>]]></content:encoded></item><item><title><![CDATA[Trade Credit & Liquidity Management Newsletter]]></title><description><![CDATA[Volume 2, Number 8]]></description><link>https://tradecredit.substack.com/p/trade-credit-and-liquidity-management-2-8</link><guid isPermaLink="false">https://tradecredit.substack.com/p/trade-credit-and-liquidity-management-2-8</guid><pubDate>Fri, 17 Apr 2026 15:01:56 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!G16N!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd30ec4a5-eb1c-4b30-974a-bc93ccff883a_1078x1078.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!uQ3K!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!uQ3K!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 424w, https://substackcdn.com/image/fetch/$s_!uQ3K!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 848w, https://substackcdn.com/image/fetch/$s_!uQ3K!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 1272w, https://substackcdn.com/image/fetch/$s_!uQ3K!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!uQ3K!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png" width="1344" height="256" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:256,&quot;width&quot;:1344,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:37540,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:&quot;https://tradecredit.substack.com/i/170395903?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!uQ3K!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 424w, https://substackcdn.com/image/fetch/$s_!uQ3K!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 848w, https://substackcdn.com/image/fetch/$s_!uQ3K!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 1272w, https://substackcdn.com/image/fetch/$s_!uQ3K!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 1456w" sizes="100vw" fetchpriority="high"></picture><div></div></div></a></figure></div><div class="pullquote"><p>Publisher&#8217;s Note:<em> Because this newsletter can be too long to view as an email, you may have to click "View entire message" at the bottom to access all the content.</em></p></div><h1>Featured Articles</h1><div class="digest-post-embed" data-attrs="{&quot;nodeId&quot;:&quot;6f893d45-0272-4e6c-a73f-ba566b0e6a20&quot;,&quot;caption&quot;:&quot;Let&#8217;s take a look at a typical scenario. Your company&#8217;s Days Sales Outstanding (DSO is increasing. Customers who have paid at or near terms are now paying slowly. Customer deductions and disputes are increasing. The perception is that the Credit Department is failing to meet its targets and is causing company cash flow and liquidity issues...&quot;,&quot;cta&quot;:&quot;Read full story&quot;,&quot;showBylines&quot;:true,&quot;size&quot;:&quot;md&quot;,&quot;isEditorNode&quot;:true,&quot;title&quot;:&quot;Take a Holistic Approach to Improve Company Cash Flow&quot;,&quot;publishedBylines&quot;:[{&quot;id&quot;:245209178,&quot;name&quot;:&quot;Robert Shultz&quot;,&quot;bio&quot;:&quot;An acknowledged expert, author, conference speaker, trainer, and educator covering topics related to trade credit, business liquidity and working capital management with a 40 plus year career as a senior executive and order to cash consultant. &quot;,&quot;photo_url&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/ab02eb7a-123a-43d9-a18a-0be693c5f69d_1961x1961.jpeg&quot;,&quot;is_guest&quot;:false,&quot;bestseller_tier&quot;:null}],&quot;post_date&quot;:&quot;2026-04-15T15:01:43.530Z&quot;,&quot;cover_image&quot;:&quot;https://substackcdn.com/image/fetch/$s_!Ipa8!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9c7b98c6-0ad3-45f9-aad7-2e0e896b3cb4_511x340.png&quot;,&quot;cover_image_alt&quot;:null,&quot;canonical_url&quot;:&quot;https://tradecredit.substack.com/p/take-a-holistic-approach-to-improve-company-cash-flow&quot;,&quot;section_name&quot;:&quot;Thought Leaders&quot;,&quot;video_upload_id&quot;:null,&quot;id&quot;:192334926,&quot;type&quot;:&quot;newsletter&quot;,&quot;reaction_count&quot;:15,&quot;comment_count&quot;:0,&quot;publication_id&quot;:3154770,&quot;publication_name&quot;:&quot;Trade Credit &amp; Liquidity Management&quot;,&quot;publication_logo_url&quot;:&quot;https://substackcdn.com/image/fetch/$s_!G16N!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd30ec4a5-eb1c-4b30-974a-bc93ccff883a_1078x1078.png&quot;,&quot;belowTheFold&quot;:false,&quot;youtube_url&quot;:null,&quot;show_links&quot;:null,&quot;feed_url&quot;:null}"></div><div class="digest-post-embed" data-attrs="{&quot;nodeId&quot;:&quot;c6dc9874-6e5c-4551-833d-652f65b2943c&quot;,&quot;caption&quot;:&quot;Working Capital planning for early-stage companies is an existential issue. Over the years, we have had the opportunity to examine many small companies. Some we have taken on as clients of our lending services, others we have not, frequently as a result of issues surfaced during our due diligence&#8230;&quot;,&quot;cta&quot;:&quot;Read full story&quot;,&quot;showBylines&quot;:true,&quot;size&quot;:&quot;md&quot;,&quot;isEditorNode&quot;:true,&quot;title&quot;:&quot;Why Do Early Stage Companies Fail?&quot;,&quot;publishedBylines&quot;:[{&quot;id&quot;:103227423,&quot;name&quot;:&quot;Robert Darbee&quot;,&quot;bio&quot;:&quot;Robert S Darbee is CEO of New York advisory Omni Capital Corporation (omni99.com). He is former president, The Bank of New York Trust Company, institutional investment arm of the parent. &quot;,&quot;photo_url&quot;:&quot;https://substackcdn.com/image/fetch/$s_!J4pI!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F315f65bc-d77d-448f-aa5b-dc21054eb169_144x144.png&quot;,&quot;is_guest&quot;:true,&quot;bestseller_tier&quot;:null}],&quot;post_date&quot;:&quot;2026-04-14T15:03:08.227Z&quot;,&quot;cover_image&quot;:&quot;https://substackcdn.com/image/fetch/$s_!lI8Q!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F3de5a3f7-00f0-40c6-a894-7a38ab98348d_4400x2800.jpeg&quot;,&quot;cover_image_alt&quot;:null,&quot;canonical_url&quot;:&quot;https://tradecredit.substack.com/p/why-do-early-stage-companies-fail&quot;,&quot;section_name&quot;:&quot;Working Capital Solutions&quot;,&quot;video_upload_id&quot;:null,&quot;id&quot;:193810509,&quot;type&quot;:&quot;newsletter&quot;,&quot;reaction_count&quot;:12,&quot;comment_count&quot;:0,&quot;publication_id&quot;:3154770,&quot;publication_name&quot;:&quot;Trade Credit &amp; Liquidity Management&quot;,&quot;publication_logo_url&quot;:&quot;https://substackcdn.com/image/fetch/$s_!G16N!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd30ec4a5-eb1c-4b30-974a-bc93ccff883a_1078x1078.png&quot;,&quot;belowTheFold&quot;:false,&quot;youtube_url&quot;:null,&quot;show_links&quot;:null,&quot;feed_url&quot;:null}"></div><div class="digest-post-embed" data-attrs="{&quot;nodeId&quot;:&quot;45c7100c-7076-43a0-81cf-0567d708b43a&quot;,&quot;caption&quot;:&quot;Negative operating cash flow is one of the most uncomfortable numbers to encounter in financial statements. Profit might still be positive. Revenue might even be growing. Yet the business is somehow consuming cash instead of generating it. This is where financial analysis begins to move beyond &#8230;&quot;,&quot;cta&quot;:&quot;Read full story&quot;,&quot;showBylines&quot;:true,&quot;size&quot;:&quot;md&quot;,&quot;isEditorNode&quot;:true,&quot;title&quot;:&quot;When Cash Flow Goes Wrong&quot;,&quot;publishedBylines&quot;:[],&quot;post_date&quot;:&quot;2026-04-08T15:30:30.995Z&quot;,&quot;cover_image&quot;:&quot;https://substackcdn.com/image/fetch/$s_!MEHU!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F435512a1-14b0-409b-b5fa-facd93992c6f_736x589.jpeg&quot;,&quot;cover_image_alt&quot;:null,&quot;canonical_url&quot;:&quot;https://tradecredit.substack.com/p/when-cash-flow-goes-wrong&quot;,&quot;section_name&quot;:&quot;Thought Leaders&quot;,&quot;video_upload_id&quot;:null,&quot;id&quot;:192122516,&quot;type&quot;:&quot;newsletter&quot;,&quot;reaction_count&quot;:17,&quot;comment_count&quot;:0,&quot;publication_id&quot;:3154770,&quot;publication_name&quot;:&quot;Trade Credit &amp; Liquidity Management&quot;,&quot;publication_logo_url&quot;:&quot;https://substackcdn.com/image/fetch/$s_!G16N!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd30ec4a5-eb1c-4b30-974a-bc93ccff883a_1078x1078.png&quot;,&quot;belowTheFold&quot;:false,&quot;youtube_url&quot;:null,&quot;show_links&quot;:null,&quot;feed_url&quot;:null}"></div><p></p><div class="subscription-widget-wrap-editor" data-attrs="{&quot;url&quot;:&quot;https://tradecredit.substack.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe&quot;,&quot;language&quot;:&quot;en&quot;}" data-component-name="SubscribeWidgetToDOM"><div class="subscription-widget show-subscribe"><div class="preamble"><p class="cta-caption"><em><strong>Trade Credit &amp; Liquidity Management</strong> is an independent publication dedicated to helping our audience perform at their best. If you are not already a subscriber, please consider joining the TCLM community.</em></p></div><form class="subscription-widget-subscribe"><input type="email" class="email-input" name="email" placeholder="Type your email&#8230;" tabindex="-1"><input type="submit" class="button primary" value="Subscribe"><div class="fake-input-wrapper"><div class="fake-input"></div><div class="fake-button"></div></div></form></div></div><h1>Conversations</h1><div class="digest-post-embed" data-attrs="{&quot;nodeId&quot;:&quot;983f02e4-a53d-4f8d-b0a7-503076c67171&quot;,&quot;caption&quot;:&quot;In this episode of the Credit on the Go podcast, host Bob Schultz sits down with Ryan Ayers, CEO and co-founder of Suppli, to explore the rapidly evolving landscape of accounts receivable (AR) and credit management within the construction industry supply chain...&quot;,&quot;cta&quot;:&quot;Listen now&quot;,&quot;showBylines&quot;:true,&quot;size&quot;:&quot;lg&quot;,&quot;isEditorNode&quot;:true,&quot;title&quot;:&quot;A Project-First Mentality for Navigating Construction&#8217;s Unique Credit Landscape&quot;,&quot;publishedBylines&quot;:[{&quot;id&quot;:245209178,&quot;name&quot;:&quot;Robert Shultz&quot;,&quot;bio&quot;:&quot;An acknowledged expert, author, conference speaker, trainer, and educator covering topics related to trade credit, business liquidity and working capital management with a 40 plus year career as a senior executive and order to cash consultant. &quot;,&quot;photo_url&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/ab02eb7a-123a-43d9-a18a-0be693c5f69d_1961x1961.jpeg&quot;,&quot;is_guest&quot;:false,&quot;bestseller_tier&quot;:null}],&quot;post_date&quot;:&quot;2026-04-10T15:01:41.647Z&quot;,&quot;cover_image&quot;:&quot;https://substack-video.s3.amazonaws.com/video_upload/post/193486393/0211dbab-6897-4042-aae2-bbd47c0fc451/transcoded-1775748325.png&quot;,&quot;cover_image_alt&quot;:null,&quot;canonical_url&quot;:&quot;https://tradecredit.substack.com/p/a-project-first-mentality-for-navigating-constructions-unique-credit-landscape&quot;,&quot;section_name&quot;:&quot;Credit On The Go&quot;,&quot;video_upload_id&quot;:null,&quot;id&quot;:193486393,&quot;type&quot;:&quot;podcast&quot;,&quot;reaction_count&quot;:2,&quot;comment_count&quot;:0,&quot;publication_id&quot;:3154770,&quot;publication_name&quot;:&quot;Trade Credit &amp; Liquidity Management&quot;,&quot;publication_logo_url&quot;:&quot;https://substackcdn.com/image/fetch/$s_!G16N!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd30ec4a5-eb1c-4b30-974a-bc93ccff883a_1078x1078.png&quot;,&quot;belowTheFold&quot;:true,&quot;youtube_url&quot;:null,&quot;show_links&quot;:null,&quot;feed_url&quot;:null}"></div><div class="pullquote"><p>&#8220;We choose to go to the moon in this decade and do the other things, not because they are easy but because they are hard.&#8221; &#8212; John F. Kennedy</p></div><h1>Action Items</h1><div class="digest-post-embed" data-attrs="{&quot;nodeId&quot;:&quot;d1b7bab4-eb13-46d4-87f4-0764dde29a75&quot;,&quot;caption&quot;:&quot;In my experience working with companies across industries, I have seen many that have been costly victims of fraud. Fraud comes in different forms, both from internal and external perpetrators. Due to the ever-changing fraud landscape, business leaders must remain aware of the most common forms of business fraud. This requires an understanding&#8230;&quot;,&quot;cta&quot;:&quot;Read full story&quot;,&quot;showBylines&quot;:true,&quot;size&quot;:&quot;md&quot;,&quot;isEditorNode&quot;:true,&quot;title&quot;:&quot;Is Your Company Prepared to Prevent Business Fraud, or is it Set to Be the Next Victim?&quot;,&quot;publishedBylines&quot;:[{&quot;id&quot;:245209178,&quot;name&quot;:&quot;Robert Shultz&quot;,&quot;bio&quot;:&quot;An acknowledged expert, author, conference speaker, trainer, and educator covering topics related to trade credit, business liquidity and working capital management with a 40 plus year career as a senior executive and order to cash consultant. &quot;,&quot;photo_url&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/ab02eb7a-123a-43d9-a18a-0be693c5f69d_1961x1961.jpeg&quot;,&quot;is_guest&quot;:false,&quot;bestseller_tier&quot;:null}],&quot;post_date&quot;:&quot;2026-04-13T15:02:01.300Z&quot;,&quot;cover_image&quot;:&quot;https://substackcdn.com/image/fetch/$s_!xM_1!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F2a122c77-053f-43b6-b3da-f11d37a2887d_2400x1602.jpeg&quot;,&quot;cover_image_alt&quot;:null,&quot;canonical_url&quot;:&quot;https://tradecredit.substack.com/p/is-your-company-prepared-to-prevent-business-fraud-part-1&quot;,&quot;section_name&quot;:&quot;Jumpstarters&quot;,&quot;video_upload_id&quot;:null,&quot;id&quot;:192669517,&quot;type&quot;:&quot;newsletter&quot;,&quot;reaction_count&quot;:14,&quot;comment_count&quot;:0,&quot;publication_id&quot;:3154770,&quot;publication_name&quot;:&quot;Trade Credit &amp; Liquidity Management&quot;,&quot;publication_logo_url&quot;:&quot;https://substackcdn.com/image/fetch/$s_!G16N!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd30ec4a5-eb1c-4b30-974a-bc93ccff883a_1078x1078.png&quot;,&quot;belowTheFold&quot;:true,&quot;youtube_url&quot;:null,&quot;show_links&quot;:null,&quot;feed_url&quot;:null}"></div><div class="digest-post-embed" data-attrs="{&quot;nodeId&quot;:&quot;56b46b6f-618b-4c67-bafc-3dda53fab201&quot;,&quot;caption&quot;:&quot;These are times when effective leadership is needed the most. Leaders today face a myriad of business challenges: the economy, a transitional workforce, artificial intelligence (AI), and evolving technology are affecting processes, company competitiveness, and the deployment of staff resources&#8230;&quot;,&quot;cta&quot;:&quot;Read full story&quot;,&quot;showBylines&quot;:true,&quot;size&quot;:&quot;md&quot;,&quot;isEditorNode&quot;:true,&quot;title&quot;:&quot;Effective Leadership Requires Personal Balance&quot;,&quot;publishedBylines&quot;:[{&quot;id&quot;:245209178,&quot;name&quot;:&quot;Robert Shultz&quot;,&quot;bio&quot;:&quot;An acknowledged expert, author, conference speaker, trainer, and educator covering topics related to trade credit, business liquidity and working capital management with a 40 plus year career as a senior executive and order to cash consultant. &quot;,&quot;photo_url&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/ab02eb7a-123a-43d9-a18a-0be693c5f69d_1961x1961.jpeg&quot;,&quot;is_guest&quot;:false,&quot;bestseller_tier&quot;:null}],&quot;post_date&quot;:&quot;2026-04-06T15:00:54.783Z&quot;,&quot;cover_image&quot;:&quot;https://substackcdn.com/image/fetch/$s_!e73j!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F1275c61b-94a7-428f-a050-d181d097a777_455x303.png&quot;,&quot;cover_image_alt&quot;:null,&quot;canonical_url&quot;:&quot;https://tradecredit.substack.com/p/effective-leadership-requires-personal-balance&quot;,&quot;section_name&quot;:&quot;Jumpstarters&quot;,&quot;video_upload_id&quot;:null,&quot;id&quot;:191211146,&quot;type&quot;:&quot;newsletter&quot;,&quot;reaction_count&quot;:20,&quot;comment_count&quot;:0,&quot;publication_id&quot;:3154770,&quot;publication_name&quot;:&quot;Trade Credit &amp; Liquidity Management&quot;,&quot;publication_logo_url&quot;:&quot;https://substackcdn.com/image/fetch/$s_!G16N!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd30ec4a5-eb1c-4b30-974a-bc93ccff883a_1078x1078.png&quot;,&quot;belowTheFold&quot;:true,&quot;youtube_url&quot;:null,&quot;show_links&quot;:null,&quot;feed_url&quot;:null}"></div><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://www.billfire.com/try-before-you-buy-tclm" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!Ztx_!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ffb6b3184-c6f0-45a7-a11a-79e9f21a909b_1450x365.png 424w, https://substackcdn.com/image/fetch/$s_!Ztx_!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ffb6b3184-c6f0-45a7-a11a-79e9f21a909b_1450x365.png 848w, https://substackcdn.com/image/fetch/$s_!Ztx_!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ffb6b3184-c6f0-45a7-a11a-79e9f21a909b_1450x365.png 1272w, https://substackcdn.com/image/fetch/$s_!Ztx_!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ffb6b3184-c6f0-45a7-a11a-79e9f21a909b_1450x365.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!Ztx_!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ffb6b3184-c6f0-45a7-a11a-79e9f21a909b_1450x365.png" width="1450" height="365" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/fb6b3184-c6f0-45a7-a11a-79e9f21a909b_1450x365.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:365,&quot;width&quot;:1450,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:372676,&quot;alt&quot;:&quot;&quot;,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:&quot;https://www.billfire.com/try-before-you-buy-tclm&quot;,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:&quot;https://tradecredit.substack.com/i/184092227?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ffb6b3184-c6f0-45a7-a11a-79e9f21a909b_1450x365.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" title="" srcset="https://substackcdn.com/image/fetch/$s_!Ztx_!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ffb6b3184-c6f0-45a7-a11a-79e9f21a909b_1450x365.png 424w, https://substackcdn.com/image/fetch/$s_!Ztx_!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ffb6b3184-c6f0-45a7-a11a-79e9f21a909b_1450x365.png 848w, https://substackcdn.com/image/fetch/$s_!Ztx_!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ffb6b3184-c6f0-45a7-a11a-79e9f21a909b_1450x365.png 1272w, https://substackcdn.com/image/fetch/$s_!Ztx_!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ffb6b3184-c6f0-45a7-a11a-79e9f21a909b_1450x365.png 1456w" sizes="100vw" loading="lazy"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><h1>Industry &amp; Market Insights</h1><div class="digest-post-embed" data-attrs="{&quot;nodeId&quot;:&quot;e727bb04-b855-43bd-9d11-17b21cdcf9f1&quot;,&quot;caption&quot;:&quot;We asked our followers: What is the primary way you are using AI in receivables management? Your responses to this poll gave us a clear answer &#8212; and it might not be what many expected. AI is already in play across finance teams, but mostly where it delivers immediate value...&quot;,&quot;cta&quot;:&quot;Read full story&quot;,&quot;showBylines&quot;:true,&quot;size&quot;:&quot;md&quot;,&quot;isEditorNode&quot;:true,&quot;title&quot;:&quot;Is Your AI Helping You Think &#8212; or Just Work Faster?&quot;,&quot;publishedBylines&quot;:[{&quot;id&quot;:360410801,&quot;name&quot;:&quot;Srabana Sengupta&quot;,&quot;bio&quot;:null,&quot;photo_url&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/521b4784-1c90-44bb-9da8-0caf383a34ee_144x144.png&quot;,&quot;is_guest&quot;:false,&quot;bestseller_tier&quot;:null}],&quot;post_date&quot;:&quot;2026-04-16T14:21:31.126Z&quot;,&quot;cover_image&quot;:&quot;https://substackcdn.com/image/fetch/$s_!wKX_!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F252eedfd-bbe8-4ae3-b5fc-f8d79d202b55_1102x796.png&quot;,&quot;cover_image_alt&quot;:null,&quot;canonical_url&quot;:&quot;https://tradecredit.substack.com/p/is-your-ai-helping-you-think-or-just-work-faster&quot;,&quot;section_name&quot;:&quot;Industry News&quot;,&quot;video_upload_id&quot;:null,&quot;id&quot;:194405886,&quot;type&quot;:&quot;newsletter&quot;,&quot;reaction_count&quot;:0,&quot;comment_count&quot;:0,&quot;publication_id&quot;:3154770,&quot;publication_name&quot;:&quot;Trade Credit &amp; Liquidity Management&quot;,&quot;publication_logo_url&quot;:&quot;https://substackcdn.com/image/fetch/$s_!G16N!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd30ec4a5-eb1c-4b30-974a-bc93ccff883a_1078x1078.png&quot;,&quot;belowTheFold&quot;:true,&quot;youtube_url&quot;:null,&quot;show_links&quot;:null,&quot;feed_url&quot;:null}"></div><div class="digest-post-embed" data-attrs="{&quot;nodeId&quot;:&quot;b07e7fba-ff76-4bb4-9ef5-16d6948b6b8a&quot;,&quot;caption&quot;:&quot;By Paul Hill -- Labor is a signal. Full-time (FT) labor is a very meaningful signal. FT workers are expensive to hire, expensive to train, expensive to retain, and expensive to replace. Businesses know the value of good FT workers. Furthermore, labor is functionally like a giant sentiment mechanism for the entire economy...&quot;,&quot;cta&quot;:&quot;Read full story&quot;,&quot;showBylines&quot;:true,&quot;size&quot;:&quot;md&quot;,&quot;isEditorNode&quot;:true,&quot;title&quot;:&quot;Economic Signal Intel: Volume I&quot;,&quot;publishedBylines&quot;:[],&quot;post_date&quot;:&quot;2026-04-16T12:03:35.030Z&quot;,&quot;cover_image&quot;:&quot;https://substackcdn.com/image/fetch/$s_!yDx1!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F120de9c9-6e2f-4e18-8b2f-b2c75c4c007a_1536x1024.png&quot;,&quot;cover_image_alt&quot;:null,&quot;canonical_url&quot;:&quot;https://tradecredit.substack.com/p/economic-signal-intel-volume-1-labor-markets&quot;,&quot;section_name&quot;:&quot;Industry News&quot;,&quot;video_upload_id&quot;:null,&quot;id&quot;:193707716,&quot;type&quot;:&quot;newsletter&quot;,&quot;reaction_count&quot;:0,&quot;comment_count&quot;:0,&quot;publication_id&quot;:3154770,&quot;publication_name&quot;:&quot;Trade Credit &amp; Liquidity Management&quot;,&quot;publication_logo_url&quot;:&quot;https://substackcdn.com/image/fetch/$s_!G16N!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd30ec4a5-eb1c-4b30-974a-bc93ccff883a_1078x1078.png&quot;,&quot;belowTheFold&quot;:true,&quot;youtube_url&quot;:null,&quot;show_links&quot;:null,&quot;feed_url&quot;:null}"></div><div class="digest-post-embed" data-attrs="{&quot;nodeId&quot;:&quot;34c9f742-c80a-49d3-a370-6507af84d4eb&quot;,&quot;caption&quot;:&quot;McKinsey&#8217;s State of Organizations report highlights how companies must become faster, flatter, and more adaptive to thrive. Three powerful forces, technology disruption, economic volatility, and workplace changes, are accelerating this evolution. In practical terms, the report suggests that organizations can no longer afford...&quot;,&quot;cta&quot;:&quot;Read full story&quot;,&quot;showBylines&quot;:true,&quot;size&quot;:&quot;md&quot;,&quot;isEditorNode&quot;:true,&quot;title&quot;:&quot;What McKinsey&#8217;s State of Organizations Report Means for Quote-to-Cash&quot;,&quot;publishedBylines&quot;:[{&quot;id&quot;:29053814,&quot;name&quot;:&quot;David Schmidt&quot;,&quot;bio&quot;:&quot;David Schmidt, Managing Director of A2 Resources (a consultancy focused on credit, collections and AR automation) is a 40+ year business credit executive and co-author of Power Collecting: Automation for Efficient Asset Management (Wiley, 1998).&quot;,&quot;photo_url&quot;:&quot;https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/55d9b1f0-9547-4b76-a870-583e5c9ce1d3_199x200.png&quot;,&quot;is_guest&quot;:false,&quot;bestseller_tier&quot;:null}],&quot;post_date&quot;:&quot;2026-04-08T00:20:23.521Z&quot;,&quot;cover_image&quot;:&quot;https://substackcdn.com/image/fetch/$s_!MGCj!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0a6e9da8-4cda-4b73-ace1-872a202a7fbc_1536x1024.png&quot;,&quot;cover_image_alt&quot;:null,&quot;canonical_url&quot;:&quot;https://tradecredit.substack.com/p/what-mckinseys-state-of-organizations-report-means-for-q2c&quot;,&quot;section_name&quot;:&quot;Industry News&quot;,&quot;video_upload_id&quot;:null,&quot;id&quot;:193213249,&quot;type&quot;:&quot;newsletter&quot;,&quot;reaction_count&quot;:0,&quot;comment_count&quot;:0,&quot;publication_id&quot;:3154770,&quot;publication_name&quot;:&quot;Trade Credit &amp; Liquidity Management&quot;,&quot;publication_logo_url&quot;:&quot;https://substackcdn.com/image/fetch/$s_!G16N!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd30ec4a5-eb1c-4b30-974a-bc93ccff883a_1078x1078.png&quot;,&quot;belowTheFold&quot;:true,&quot;youtube_url&quot;:null,&quot;show_links&quot;:null,&quot;feed_url&quot;:null}"></div><h3>Vendor Press Releases:</h3><div class="digest-post-embed" data-attrs="{&quot;nodeId&quot;:&quot;37eb6955-bc86-440f-bb57-8110990a88f4&quot;,&quot;caption&quot;:&quot;From a Press Release dated April 14, 2026, Boston, MA, and London, UK&quot;,&quot;cta&quot;:&quot;Read full story&quot;,&quot;showBylines&quot;:true,&quot;size&quot;:&quot;sm&quot;,&quot;isEditorNode&quot;:true,&quot;title&quot;:&quot;BlueSnap Brings Native Payments to SAP Cloud Solutions&quot;,&quot;publishedBylines&quot;:[],&quot;post_date&quot;:&quot;2026-04-16T22:18:50.938Z&quot;,&quot;cover_image&quot;:&quot;https://substackcdn.com/image/fetch/$s_!KUh2!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fc4ae3eed-9160-4504-9f59-648f5ee05be6_1536x1024.png&quot;,&quot;cover_image_alt&quot;:null,&quot;canonical_url&quot;:&quot;https://tradecredit.substack.com/p/bluesnap-brings-native-payments-to-sap-cloud-solutions&quot;,&quot;section_name&quot;:&quot;Industry News&quot;,&quot;video_upload_id&quot;:null,&quot;id&quot;:194312599,&quot;type&quot;:&quot;newsletter&quot;,&quot;reaction_count&quot;:0,&quot;comment_count&quot;:0,&quot;publication_id&quot;:3154770,&quot;publication_name&quot;:&quot;Trade Credit &amp; Liquidity Management&quot;,&quot;publication_logo_url&quot;:&quot;https://substackcdn.com/image/fetch/$s_!G16N!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd30ec4a5-eb1c-4b30-974a-bc93ccff883a_1078x1078.png&quot;,&quot;belowTheFold&quot;:true,&quot;youtube_url&quot;:null,&quot;show_links&quot;:null,&quot;feed_url&quot;:null}"></div><div class="digest-post-embed" data-attrs="{&quot;nodeId&quot;:&quot;acdf3d01-705e-4c62-8cab-ed2d250b3424&quot;,&quot;caption&quot;:&quot;From a Press Release dated April 9, 2026, Little Rock, Arkansas&quot;,&quot;cta&quot;:&quot;Read full story&quot;,&quot;showBylines&quot;:true,&quot;size&quot;:&quot;sm&quot;,&quot;isEditorNode&quot;:true,&quot;title&quot;:&quot;Encore Bank Moves Commercial Banking Closer to the Workflow&quot;,&quot;publishedBylines&quot;:[],&quot;post_date&quot;:&quot;2026-04-16T17:14:23.223Z&quot;,&quot;cover_image&quot;:&quot;https://substackcdn.com/image/fetch/$s_!Yq_r!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fbf09165a-899c-4978-ac8b-ca6d8d0d8980_1536x1024.png&quot;,&quot;cover_image_alt&quot;:null,&quot;canonical_url&quot;:&quot;https://tradecredit.substack.com/p/encore-bank-moves-commercial-banking-closer-to-the-workflow&quot;,&quot;section_name&quot;:&quot;Industry News&quot;,&quot;video_upload_id&quot;:null,&quot;id&quot;:193853514,&quot;type&quot;:&quot;newsletter&quot;,&quot;reaction_count&quot;:0,&quot;comment_count&quot;:0,&quot;publication_id&quot;:3154770,&quot;publication_name&quot;:&quot;Trade Credit &amp; Liquidity Management&quot;,&quot;publication_logo_url&quot;:&quot;https://substackcdn.com/image/fetch/$s_!G16N!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd30ec4a5-eb1c-4b30-974a-bc93ccff883a_1078x1078.png&quot;,&quot;belowTheFold&quot;:true,&quot;youtube_url&quot;:null,&quot;show_links&quot;:null,&quot;feed_url&quot;:null}"></div><div class="digest-post-embed" data-attrs="{&quot;nodeId&quot;:&quot;5eda98b9-d60d-4237-a0e7-0e4d89f3dcfa&quot;,&quot;caption&quot;:&quot;Based on a Press Release dated April 14, 2026, Boston, Massachusetts&quot;,&quot;cta&quot;:&quot;Read full story&quot;,&quot;showBylines&quot;:true,&quot;size&quot;:&quot;sm&quot;,&quot;isEditorNode&quot;:true,&quot;title&quot;:&quot;InvoiceCloud Bets on Embedded AI to Cut Billing Friction&quot;,&quot;publishedBylines&quot;:[],&quot;post_date&quot;:&quot;2026-04-15T21:50:15.331Z&quot;,&quot;cover_image&quot;:&quot;https://substackcdn.com/image/fetch/$s_!2yoA!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F5ffcf0f0-f1db-46a5-b09d-d594eae7a4a9_1536x1024.png&quot;,&quot;cover_image_alt&quot;:null,&quot;canonical_url&quot;:&quot;https://tradecredit.substack.com/p/invoicecloud-bets-on-embedded-ai-to-cut-billing-friction&quot;,&quot;section_name&quot;:&quot;Industry News&quot;,&quot;video_upload_id&quot;:null,&quot;id&quot;:194312512,&quot;type&quot;:&quot;newsletter&quot;,&quot;reaction_count&quot;:0,&quot;comment_count&quot;:0,&quot;publication_id&quot;:3154770,&quot;publication_name&quot;:&quot;Trade Credit &amp; Liquidity Management&quot;,&quot;publication_logo_url&quot;:&quot;https://substackcdn.com/image/fetch/$s_!G16N!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd30ec4a5-eb1c-4b30-974a-bc93ccff883a_1078x1078.png&quot;,&quot;belowTheFold&quot;:true,&quot;youtube_url&quot;:null,&quot;show_links&quot;:null,&quot;feed_url&quot;:null}"></div><div class="digest-post-embed" data-attrs="{&quot;nodeId&quot;:&quot;567ab960-5b3a-424d-992e-3e038107c45f&quot;,&quot;caption&quot;:&quot;From a Press Release dated April 8, 2026, Washington, D.C.&quot;,&quot;cta&quot;:&quot;Read full story&quot;,&quot;showBylines&quot;:true,&quot;size&quot;:&quot;sm&quot;,&quot;isEditorNode&quot;:true,&quot;title&quot;:&quot;FedNow Gets a Cross-Border Upgrade&quot;,&quot;publishedBylines&quot;:[],&quot;post_date&quot;:&quot;2026-04-09T15:01:54.712Z&quot;,&quot;cover_image&quot;:&quot;https://substackcdn.com/image/fetch/$s_!-QIY!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F46ce157e-54f2-4419-9a1f-117594315a1f_1536x1024.png&quot;,&quot;cover_image_alt&quot;:null,&quot;canonical_url&quot;:&quot;https://tradecredit.substack.com/p/fednow-gets-a-cross-border-upgrade&quot;,&quot;section_name&quot;:&quot;Industry News&quot;,&quot;video_upload_id&quot;:null,&quot;id&quot;:193694751,&quot;type&quot;:&quot;newsletter&quot;,&quot;reaction_count&quot;:0,&quot;comment_count&quot;:0,&quot;publication_id&quot;:3154770,&quot;publication_name&quot;:&quot;Trade Credit &amp; Liquidity Management&quot;,&quot;publication_logo_url&quot;:&quot;https://substackcdn.com/image/fetch/$s_!G16N!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd30ec4a5-eb1c-4b30-974a-bc93ccff883a_1078x1078.png&quot;,&quot;belowTheFold&quot;:true,&quot;youtube_url&quot;:null,&quot;show_links&quot;:null,&quot;feed_url&quot;:null}"></div><h1>Professional Development</h1><p class="button-wrapper" data-attrs="{&quot;url&quot;:&quot;mailto:rshultz@tclmnews.com&quot;,&quot;text&quot;:&quot;Inquire About TCLM Training Resources&quot;,&quot;action&quot;:null,&quot;class&quot;:null}" data-component-name="ButtonCreateButton"><a class="button primary" href="mailto:rshultz@tclmnews.com"><span>Inquire About TCLM Training Resources</span></a></p><h3>Go To Networking:</h3><p><em><strong><a href="https://web.cvent.com/event/d0975711-7cd4-413e-a68b-331bfd866a8b/summary">The Windy City Summit: The Finance &amp; Treasury Conference</a></strong></em> &#8212; April 19-20, 2026, Navy Pier Convention Center, Chicago, IL</p><p><em><strong><a href="https://payments.nacha.org/">Smarter Faster Payments 2026</a></strong></em> &#8212; April 26-29, 2026, Sponsored by Nacha, San Diego Convention Center, San Diego, CA</p><p><em><strong><a href="https://eximac2026.cmpinc.net/">2026 EXIM Annual Conference</a></strong></em> &#8212; April 29-30, 2026, Omni Shoreham Hotel, Washington, D.C.</p><p><em><strong><a href="https://informaconnect.com/finovatespring/purchase/select-package">Finovate Spring</a></strong></em> &#8212; Sheraton San Diego Hotel and Marina May 5-7, 2026</p><p><em><strong><a href="https://www.gartner.com/en/conferences/na/cfo-finance-us">Gartner Finance Symposium/Xpo</a></strong></em> &#8212; May 27 &#8211; 29, 2026, Gaylord National Resort and Conference Center, National Harbor, MD</p><h3>Online Learning Opportunities:</h3><p><em><strong><a href="https://app.livestorm.co/coface/from-risk-to-cash-how-connected-credit-risk-data-and-treasury-drive-financial-control">From Risk to Cash: How Connected Credit, Risk Data &amp; Treasury Drive Financial Control</a></strong></em> &#8212; Complementary 45-minute webinar sponsored by Coface, April 23, 2026, 5:00 AM ET</p><p><em><strong><a href="https://members.creditmanagementassociation.org/atlas/events/1051/details">26th Annual CMA Southwest Business &amp; Construction Credit Virtual Conference</a></strong></em> &#8212; 24 live sessions over 4 days, May 5-8, 2026</p><p><em><strong><a href="https://www.nacmconnect.org/wp-content/uploads/2025/2026-credit-101-102-103-schedule.pdf">Credit 101</a></strong></em> &#8212; Offered by NACM Connect. This is a basic-level orientation program that introduces newcomers to the multifaceted field of credit management, May 13, 2026, 10 AM to 5 PM ET</p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://nacmbcs.org" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!crd7!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff1ecabba-46fc-49e1-9f45-149894ba95d1_600x250.png 424w, https://substackcdn.com/image/fetch/$s_!crd7!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff1ecabba-46fc-49e1-9f45-149894ba95d1_600x250.png 848w, https://substackcdn.com/image/fetch/$s_!crd7!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff1ecabba-46fc-49e1-9f45-149894ba95d1_600x250.png 1272w, https://substackcdn.com/image/fetch/$s_!crd7!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff1ecabba-46fc-49e1-9f45-149894ba95d1_600x250.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!crd7!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff1ecabba-46fc-49e1-9f45-149894ba95d1_600x250.png" width="724" height="301.6666666666667" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/f1ecabba-46fc-49e1-9f45-149894ba95d1_600x250.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:250,&quot;width&quot;:600,&quot;resizeWidth&quot;:724,&quot;bytes&quot;:156194,&quot;alt&quot;:&quot;&quot;,&quot;title&quot;:&quot;&quot;,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:&quot;https://nacmbcs.org&quot;,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:&quot;https://tradecredit.substack.com/i/186098364?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff1ecabba-46fc-49e1-9f45-149894ba95d1_600x250.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" title="" srcset="https://substackcdn.com/image/fetch/$s_!crd7!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff1ecabba-46fc-49e1-9f45-149894ba95d1_600x250.png 424w, https://substackcdn.com/image/fetch/$s_!crd7!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff1ecabba-46fc-49e1-9f45-149894ba95d1_600x250.png 848w, https://substackcdn.com/image/fetch/$s_!crd7!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff1ecabba-46fc-49e1-9f45-149894ba95d1_600x250.png 1272w, https://substackcdn.com/image/fetch/$s_!crd7!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff1ecabba-46fc-49e1-9f45-149894ba95d1_600x250.png 1456w" sizes="100vw" loading="lazy"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><h3>Bookshelf:</h3><div class="digest-post-embed" data-attrs="{&quot;nodeId&quot;:&quot;2c81f09a-75ff-4e93-9d71-2dfe9a3d4cfd&quot;,&quot;caption&quot;:&quot;Trade credit insurance isn&#8217;t always the easiest subject to decode, especially for professionals juggling credit risk, treasury strategy, and cash flow management. That&#8217;s what makes A Guide to Trade Credit Insurance from ICISA such a welcome resource. It cuts through the jargon and provides a grounded, real-world look at how credit insurance truly works&#8230;&quot;,&quot;cta&quot;:&quot;Read full story&quot;,&quot;showBylines&quot;:true,&quot;size&quot;:&quot;md&quot;,&quot;isEditorNode&quot;:true,&quot;title&quot;:&quot;A Guide to Trade Credit Insurance&quot;,&quot;publishedBylines&quot;:[{&quot;id&quot;:29053814,&quot;name&quot;:&quot;David Schmidt&quot;,&quot;bio&quot;:&quot;David Schmidt, Managing Director of A2 Resources (a consultancy focused on credit, collections and AR automation) is a 40+ year business credit executive and co-author of Power Collecting: Automation for Efficient Asset Management (Wiley, 1998).&quot;,&quot;photo_url&quot;:&quot;https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/55d9b1f0-9547-4b76-a870-583e5c9ce1d3_199x200.png&quot;,&quot;is_guest&quot;:false,&quot;bestseller_tier&quot;:null}],&quot;post_date&quot;:&quot;2026-04-16T21:44:57.290Z&quot;,&quot;cover_image&quot;:&quot;https://substackcdn.com/image/fetch/$s_!zfqD!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff31e75fc-c239-496a-ae09-dae36ec5a989_490x752.png&quot;,&quot;cover_image_alt&quot;:null,&quot;canonical_url&quot;:&quot;https://tradecredit.substack.com/p/a-guide-to-trade-credit-insurance&quot;,&quot;section_name&quot;:&quot;Bookshelf&quot;,&quot;video_upload_id&quot;:null,&quot;id&quot;:194454991,&quot;type&quot;:&quot;newsletter&quot;,&quot;reaction_count&quot;:0,&quot;comment_count&quot;:0,&quot;publication_id&quot;:3154770,&quot;publication_name&quot;:&quot;Trade Credit &amp; Liquidity Management&quot;,&quot;publication_logo_url&quot;:&quot;https://substackcdn.com/image/fetch/$s_!G16N!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd30ec4a5-eb1c-4b30-974a-bc93ccff883a_1078x1078.png&quot;,&quot;belowTheFold&quot;:true,&quot;youtube_url&quot;:null,&quot;show_links&quot;:null,&quot;feed_url&quot;:null}"></div><h1>On Our Radar</h1><p><em><strong><a href="https://www.pymnts.com/news/cross-border-commerce/cross-border-payments/2026/as-cross-border-payments-splinter-firms-see-interoperability-as-way-out">As Cross-Border Payments Splinter, Firms See Interoperability As Way Out</a></strong></em> by <strong>PYMNTS</strong>, 4/16/26</p><p><em><strong><a href="https://www.forbes.com/sites/mayrarodriguezvalladares/2026/04/15/wall-streets-big-banks-signal-the-next-credit-risks/">Wall Street&#8217;s Big Banks Signal The Next Credit Risks</a></strong></em> by Mayra Rodriquez Valladares in <strong>Forbes</strong>, 4/15/26</p><p><em><strong><a href="https://www.paymentsjournal.com/beyond-the-click-how-agentic-payments-are-redefining-global-financial-flow/">Beyond the Click: How Agentic Payments Are Redefining Global Financial Flow</a></strong></em><a href="https://www.paymentsjournal.com/beyond-the-click-how-agentic-payments-are-redefining-global-financial-flow/"> </a>by <strong>PaymentsJournal</strong>, 4/14/26</p><p><em><strong><a href="https://www.pymnts.com/news/b2b-payments/2026/how-cfos-are-turning-b2b-payments-into-a-strategic-weapon">How CFOs Are Turning B2B Payments Into a Strategic Weapon</a></strong></em> by <strong>PYMNTS</strong>, 4/14/26</p><p><em><strong><a href="https://www.nytimes.com/2026/04/10/business/anthropic-claude-mythos-preview-banks.html?">Banks Are Warned About Anthropic&#8217;s New, Powerful A.I. Technology</a></strong></em> by Rob Copeland and Colby Smith in <strong>The New York Times</strong>, 4/10/26</p><p><em><strong><a href="https://gfmag.com/transaction-banking/shaping-new-trade-corridors/">Shaping New Trade Corridors</a></strong></em> by Chloe Domat in <strong>Global Finance</strong> magazine, 4/7/26</p><p><em><strong><a href="https://gfmag.com/transaction-banking/beyond-speed-and-cost-the-push-for-transparency-in-cross-border-payments/">Beyond Speed and Cost: The Push for Transparency in Cross-Border Payments</a></strong></em> from a conversation with Frantz Teiss&#232;dre in <strong>Global Finance</strong> magazine, 4/7/26</p><p><em><strong><a href="https://the-cfo.io/2026/04/06/from-managing-cash-to-commanding-it/">From Managing Cash to Commanding it</a></strong></em> by S&#248;ren Lonning in <strong>The CFO</strong>, 4/6/26</p><p><em><strong><a href="https://www.paymentsjournal.com/how-stablecoins-emerged-as-a-key-element-of-cross-border-payments/">How Stablecoins Emerged as a Key Element of Cross-Border Payments</a></strong></em> by Tom Nawrocki in <strong>Payments Journal,</strong> 4/6/26</p><p><em><strong><a href="https://the-cfo.io/2026/04/02/the-end-of-manual-finance-meta-shows-whats-next-at-ai-for-cfos-summit/">The end of manual finance? Meta shows what&#8217;s next at AI for CFOs summit</a> </strong></em>by Nikita Alexander in <strong>The CFO</strong>, 4/2/26</p><p><em><strong><a href="https://gfmag.com/economics-policy-regulation/the-dollar-dilemma/">The Dollar Dilemma</a></strong></em> by Charles Wallace in <strong>Global Finance</strong> magazine, 4/1/26</p><div class="captioned-button-wrap" data-attrs="{&quot;url&quot;:&quot;https://tradecredit.substack.com/p/the-evolving-payments-ecosystem-the-impact-on-ar-in-2026?utm_source=substack&amp;utm_medium=email&amp;utm_content=share&amp;action=share&amp;token=eyJ1c2VyX2lkIjoyOTA1MzgxNCwicG9zdF9pZCI6MTgxNTUyMzAyLCJpYXQiOjE3NjY0MjUwNTAsImV4cCI6MTc2OTAxNzA1MCwiaXNzIjoicHViLTMxNTQ3NzAiLCJzdWIiOiJwb3N0LXJlYWN0aW9uIn0.ZuPJAAuW4WWMDsRm7wxJp4rebtiLJPImzExke-b3zDE&quot;,&quot;text&quot;:&quot;Share&quot;}" data-component-name="CaptionedButtonToDOM"><div class="preamble"><p class="cta-caption"><em>If you&#8217;ve enjoyed reading this newsletter, please consider sharing it with your staff and colleagues.</em></p></div><p class="button-wrapper" data-attrs="{&quot;url&quot;:&quot;https://tradecredit.substack.com/p/trade-credit-and-liquidity-management-2-8?utm_source=substack&utm_medium=email&utm_content=share&action=share&quot;,&quot;text&quot;:&quot;Share&quot;}" data-component-name="ButtonCreateButton"><a class="button primary" href="https://tradecredit.substack.com/p/trade-credit-and-liquidity-management-2-8?utm_source=substack&utm_medium=email&utm_content=share&action=share"><span>Share</span></a></p></div><div><hr></div><h3><strong>Editorial Opportunities:</strong></h3><p><em><strong>Have insights to share?</strong> Get featured in TCLM. <strong><a href="mailto:rshultz@tclmnews.com">Contact us about contributing!</a></strong></em></p><h3><strong>Advertising Opportunities:</strong></h3><p><em><strong>Your audience is here</strong>: thousands of corporate trade credit, treasury, and finance professionals. TCLM is where quote-to-cash decision-makers engage with the latest trends and insights. Put your brand in front of the right people at the right time.</em> <em><strong><a href="mailto:dschmidt@tclmnews.com">Advertise with us!</a></strong></em></p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="http://marketquotient.com" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!iTvk!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd51749e9-69c5-4196-ad96-b70e7a4c131f_1200x628.png 424w, https://substackcdn.com/image/fetch/$s_!iTvk!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd51749e9-69c5-4196-ad96-b70e7a4c131f_1200x628.png 848w, 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srcset="https://substackcdn.com/image/fetch/$s_!iTvk!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd51749e9-69c5-4196-ad96-b70e7a4c131f_1200x628.png 424w, https://substackcdn.com/image/fetch/$s_!iTvk!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd51749e9-69c5-4196-ad96-b70e7a4c131f_1200x628.png 848w, https://substackcdn.com/image/fetch/$s_!iTvk!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd51749e9-69c5-4196-ad96-b70e7a4c131f_1200x628.png 1272w, https://substackcdn.com/image/fetch/$s_!iTvk!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd51749e9-69c5-4196-ad96-b70e7a4c131f_1200x628.png 1456w" sizes="100vw" loading="lazy"></picture><div class="image-link-expand"><div 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stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div>]]></content:encoded></item><item><title><![CDATA[Trade Credit & Liquidity Management Newsletter]]></title><description><![CDATA[Volume 2, Number 7]]></description><link>https://tradecredit.substack.com/p/trade-credit-and-liquidity-management-2-7</link><guid isPermaLink="false">https://tradecredit.substack.com/p/trade-credit-and-liquidity-management-2-7</guid><pubDate>Fri, 03 Apr 2026 14:30:52 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!G16N!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd30ec4a5-eb1c-4b30-974a-bc93ccff883a_1078x1078.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!uQ3K!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!uQ3K!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 424w, https://substackcdn.com/image/fetch/$s_!uQ3K!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 848w, https://substackcdn.com/image/fetch/$s_!uQ3K!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 1272w, https://substackcdn.com/image/fetch/$s_!uQ3K!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!uQ3K!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png" width="1344" height="256" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:256,&quot;width&quot;:1344,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:37540,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:&quot;https://tradecredit.substack.com/i/170395903?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!uQ3K!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 424w, https://substackcdn.com/image/fetch/$s_!uQ3K!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 848w, https://substackcdn.com/image/fetch/$s_!uQ3K!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 1272w, https://substackcdn.com/image/fetch/$s_!uQ3K!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 1456w" sizes="100vw" fetchpriority="high"></picture><div></div></div></a></figure></div><div class="pullquote"><p>Publisher&#8217;s Note:<em> Because this newsletter can be too long to view as an email, you may have to click "View entire message" at the bottom to access all the content.</em></p></div><h1>Featured Articles</h1><div class="digest-post-embed" data-attrs="{&quot;nodeId&quot;:&quot;5b69d6a2-8b27-4ffe-b05f-2f76ed6eab61&quot;,&quot;caption&quot;:&quot;By Torsten Boehler -- Some companies do not slide into liquidity pressure when business looks weak. They slide into it when business still looks convincing. Orders are coming in. Teams are busy. Revenue appears intact. Management still believes the problem is manageable. That is exactly what makes the situation dangerous...&quot;,&quot;cta&quot;:&quot;Read full story&quot;,&quot;showBylines&quot;:true,&quot;size&quot;:&quot;md&quot;,&quot;isEditorNode&quot;:true,&quot;title&quot;:&quot;Your Liquidity Is Under Pressure&quot;,&quot;publishedBylines&quot;:[],&quot;post_date&quot;:&quot;2026-04-01T15:31:27.339Z&quot;,&quot;cover_image&quot;:&quot;https://substackcdn.com/image/fetch/$s_!mE2N!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4eaf4fab-19ab-43e3-a382-f4a0856ffde6_6720x4480.jpeg&quot;,&quot;cover_image_alt&quot;:null,&quot;canonical_url&quot;:&quot;https://tradecredit.substack.com/p/your-liquidity-is-under-pressure&quot;,&quot;section_name&quot;:&quot;Thought Leaders&quot;,&quot;video_upload_id&quot;:null,&quot;id&quot;:192327894,&quot;type&quot;:&quot;newsletter&quot;,&quot;reaction_count&quot;:8,&quot;comment_count&quot;:0,&quot;publication_id&quot;:3154770,&quot;publication_name&quot;:&quot;Trade Credit &amp; Liquidity Management&quot;,&quot;publication_logo_url&quot;:&quot;https://substackcdn.com/image/fetch/$s_!G16N!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd30ec4a5-eb1c-4b30-974a-bc93ccff883a_1078x1078.png&quot;,&quot;belowTheFold&quot;:false,&quot;youtube_url&quot;:null,&quot;show_links&quot;:null,&quot;feed_url&quot;:null}"></div><div class="digest-post-embed" data-attrs="{&quot;nodeId&quot;:&quot;cf247532-c760-4eec-a799-7d18e167c034&quot;,&quot;caption&quot;:&quot;There is a long-standing belief among credit professionals that credit decisions are based on both science and gut. As new AI tools deliver the &#8220;science&#8221;, it is practical experience with wins and losses that delivers the &#8220;gut.\&quot; &#8220;Your best employees&#8217; deepest knowledge...has to be passed on in person, slowly, patiently, and systematically&#8221;...&quot;,&quot;cta&quot;:&quot;Read full story&quot;,&quot;showBylines&quot;:true,&quot;size&quot;:&quot;md&quot;,&quot;isEditorNode&quot;:true,&quot;title&quot;:&quot;Don&#8217;t Squander Your Company&#8217;s Deep Smarts &quot;,&quot;publishedBylines&quot;:[{&quot;id&quot;:245209178,&quot;name&quot;:&quot;Robert Shultz&quot;,&quot;bio&quot;:&quot;An acknowledged expert, author, conference speaker, trainer, and educator covering topics related to trade credit, business liquidity and working capital management with a 40 plus year career as a senior executive and order to cash consultant. &quot;,&quot;photo_url&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/ab02eb7a-123a-43d9-a18a-0be693c5f69d_1961x1961.jpeg&quot;,&quot;is_guest&quot;:false,&quot;bestseller_tier&quot;:null}],&quot;post_date&quot;:&quot;2026-03-25T15:31:15.716Z&quot;,&quot;cover_image&quot;:&quot;https://substackcdn.com/image/fetch/$s_!HEjc!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fbc5c6d69-ee86-4f9c-808e-c37edb6c54c6_978x910.png&quot;,&quot;cover_image_alt&quot;:null,&quot;canonical_url&quot;:&quot;https://tradecredit.substack.com/p/dont-squander-your-companys-deep-smarts&quot;,&quot;section_name&quot;:&quot;Thought Leaders&quot;,&quot;video_upload_id&quot;:null,&quot;id&quot;:189092645,&quot;type&quot;:&quot;newsletter&quot;,&quot;reaction_count&quot;:18,&quot;comment_count&quot;:0,&quot;publication_id&quot;:3154770,&quot;publication_name&quot;:&quot;Trade Credit &amp; Liquidity Management&quot;,&quot;publication_logo_url&quot;:&quot;https://substackcdn.com/image/fetch/$s_!G16N!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd30ec4a5-eb1c-4b30-974a-bc93ccff883a_1078x1078.png&quot;,&quot;belowTheFold&quot;:false,&quot;youtube_url&quot;:null,&quot;show_links&quot;:null,&quot;feed_url&quot;:null}"></div><div class="digest-post-embed" data-attrs="{&quot;nodeId&quot;:&quot;6b5fc26b-679d-4613-905c-d9671cbd37b4&quot;,&quot;caption&quot;:&quot;Every early-stage CEO&#8217;s existential question: Whether to shift gears from solely funding via early-stage equity to Working Capital debt. It&#8217;s the age-old Debt/Equity cost equation. You want to run a sound business without diluting the equity partners who have borne early-stage risk, and now should start to see that patience rewarded without additional contribution&#8230;&quot;,&quot;cta&quot;:&quot;Read full story&quot;,&quot;showBylines&quot;:true,&quot;size&quot;:&quot;md&quot;,&quot;isEditorNode&quot;:true,&quot;title&quot;:&quot;Debt vs. Equity for Early-Stage Growth Companies: Still in Puberty...Or not?&quot;,&quot;publishedBylines&quot;:[{&quot;id&quot;:103227423,&quot;name&quot;:&quot;Robert Darbee&quot;,&quot;bio&quot;:&quot;Robert S Darbee is CEO of New York advisory Omni Capital Corporation (omni99.com). He is former president, The Bank of New York Trust Company, institutional investment arm of the parent. &quot;,&quot;photo_url&quot;:&quot;https://substackcdn.com/image/fetch/$s_!J4pI!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F315f65bc-d77d-448f-aa5b-dc21054eb169_144x144.png&quot;,&quot;is_guest&quot;:true,&quot;bestseller_tier&quot;:null}],&quot;post_date&quot;:&quot;2026-03-31T15:31:15.136Z&quot;,&quot;cover_image&quot;:&quot;https://substackcdn.com/image/fetch/$s_!lI8Q!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F3de5a3f7-00f0-40c6-a894-7a38ab98348d_4400x2800.jpeg&quot;,&quot;cover_image_alt&quot;:null,&quot;canonical_url&quot;:&quot;https://tradecredit.substack.com/p/debt-vs-equity-for-early-stage-growth-companies-still-in-puberty-or-not&quot;,&quot;section_name&quot;:&quot;Working Capital Solutions&quot;,&quot;video_upload_id&quot;:null,&quot;id&quot;:192325471,&quot;type&quot;:&quot;newsletter&quot;,&quot;reaction_count&quot;:19,&quot;comment_count&quot;:0,&quot;publication_id&quot;:3154770,&quot;publication_name&quot;:&quot;Trade Credit &amp; Liquidity Management&quot;,&quot;publication_logo_url&quot;:&quot;https://substackcdn.com/image/fetch/$s_!G16N!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd30ec4a5-eb1c-4b30-974a-bc93ccff883a_1078x1078.png&quot;,&quot;belowTheFold&quot;:false,&quot;youtube_url&quot;:null,&quot;show_links&quot;:null,&quot;feed_url&quot;:null}"></div><div class="subscription-widget-wrap-editor" data-attrs="{&quot;url&quot;:&quot;https://tradecredit.substack.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe&quot;,&quot;language&quot;:&quot;en&quot;}" data-component-name="SubscribeWidgetToDOM"><div class="subscription-widget show-subscribe"><div class="preamble"><p class="cta-caption"><em><strong>Trade Credit &amp; Liquidity Management</strong> is an independent publication dedicated to helping our audience perform at their best. If you are not already a subscriber, please consider joining the TCLM community.</em></p></div><form class="subscription-widget-subscribe"><input type="email" class="email-input" name="email" placeholder="Type your email&#8230;" tabindex="-1"><input type="submit" class="button primary" value="Subscribe"><div class="fake-input-wrapper"><div class="fake-input"></div><div class="fake-button"></div></div></form></div></div><h1>Conversations</h1><div class="digest-post-embed" data-attrs="{&quot;nodeId&quot;:&quot;0b22545a-858a-4d95-b00a-3b35604202e0&quot;,&quot;caption&quot;:&quot;Artificial intelligence is rapidly moving from buzzword to business imperative in corporate credit and treasury, and this episode of Credit on the Go explores what that actually means for your portfolio, your team, and your career. Hosted by TCLM&#8217;s Bob Shultz, this conversation features Jared Shulman, CEO and co&#8209;founder of Daylit, who brings a hedge&#8209;fund and trading&#8209;systems background to the front lines of accounts receivable (AR) automation.&quot;,&quot;cta&quot;:&quot;Listen now&quot;,&quot;showBylines&quot;:true,&quot;size&quot;:&quot;lg&quot;,&quot;isEditorNode&quot;:true,&quot;title&quot;:&quot;Beyond the Buzz: Practical AI for Accounts Receivable and Credit Teams&quot;,&quot;publishedBylines&quot;:[{&quot;id&quot;:245209178,&quot;name&quot;:&quot;Robert Shultz&quot;,&quot;bio&quot;:&quot;An acknowledged expert, author, conference speaker, trainer, and educator covering topics related to trade credit, business liquidity and working capital management with a 40 plus year career as a senior executive and order to cash consultant. &quot;,&quot;photo_url&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/ab02eb7a-123a-43d9-a18a-0be693c5f69d_1961x1961.jpeg&quot;,&quot;is_guest&quot;:false,&quot;bestseller_tier&quot;:null}],&quot;post_date&quot;:&quot;2026-03-27T15:30:53.515Z&quot;,&quot;cover_image&quot;:&quot;https://substack-video.s3.amazonaws.com/video_upload/post/192101994/37434ab8-af20-412d-af0b-4968076bfb72/transcoded-1774450795.png&quot;,&quot;cover_image_alt&quot;:null,&quot;canonical_url&quot;:&quot;https://tradecredit.substack.com/p/beyond-the-buzz-practical-ai-for-accounts-receivable-and-trade-credit-teams&quot;,&quot;section_name&quot;:&quot;Credit On The Go&quot;,&quot;video_upload_id&quot;:null,&quot;id&quot;:192101994,&quot;type&quot;:&quot;podcast&quot;,&quot;reaction_count&quot;:3,&quot;comment_count&quot;:0,&quot;publication_id&quot;:3154770,&quot;publication_name&quot;:&quot;Trade Credit &amp; Liquidity Management&quot;,&quot;publication_logo_url&quot;:&quot;https://substackcdn.com/image/fetch/$s_!G16N!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd30ec4a5-eb1c-4b30-974a-bc93ccff883a_1078x1078.png&quot;,&quot;belowTheFold&quot;:false,&quot;youtube_url&quot;:null,&quot;show_links&quot;:null,&quot;feed_url&quot;:null}"></div><div class="pullquote"><p>&#8220;A successful man is one who can lay a firm foundation with the bricks others have thrown at him.&#8221; &#8212; David Brinkley</p></div><h1>Action Items</h1><div class="digest-post-embed" data-attrs="{&quot;nodeId&quot;:&quot;6a175d99-7081-46db-ae3a-2653e27e64c9&quot;,&quot;caption&quot;:&quot;Collections are, by definition, reactive. Your workload and results are driven less by your policies than by your customers&#8217; behavior. When an account slides past due, you have a narrow window to influence outcomes, protect margin, and preserve the relationship.&quot;,&quot;cta&quot;:&quot;Read full story&quot;,&quot;showBylines&quot;:true,&quot;size&quot;:&quot;md&quot;,&quot;isEditorNode&quot;:true,&quot;title&quot;:&quot;What Triggers Your Collection Efforts?&quot;,&quot;publishedBylines&quot;:[{&quot;id&quot;:29053814,&quot;name&quot;:&quot;David Schmidt&quot;,&quot;bio&quot;:&quot;David Schmidt, Managing Director of A2 Resources (a consultancy focused on credit, collections and AR automation) is a 40+ year business credit executive and co-author of Power Collecting: Automation for Efficient Asset Management (Wiley, 1998).&quot;,&quot;photo_url&quot;:&quot;https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/55d9b1f0-9547-4b76-a870-583e5c9ce1d3_199x200.png&quot;,&quot;is_guest&quot;:false,&quot;bestseller_tier&quot;:null}],&quot;post_date&quot;:&quot;2026-03-30T15:31:16.180Z&quot;,&quot;cover_image&quot;:&quot;https://substackcdn.com/image/fetch/$s_!MY2s!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F25e02152-ad4a-44bf-a018-1ba79f462502_5184x3456.jpeg&quot;,&quot;cover_image_alt&quot;:null,&quot;canonical_url&quot;:&quot;https://tradecredit.substack.com/p/what-triggers-your-collection-efforts&quot;,&quot;section_name&quot;:&quot;Jumpstarters&quot;,&quot;video_upload_id&quot;:null,&quot;id&quot;:192317891,&quot;type&quot;:&quot;newsletter&quot;,&quot;reaction_count&quot;:11,&quot;comment_count&quot;:0,&quot;publication_id&quot;:3154770,&quot;publication_name&quot;:&quot;Trade Credit &amp; Liquidity Management&quot;,&quot;publication_logo_url&quot;:&quot;https://substackcdn.com/image/fetch/$s_!G16N!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd30ec4a5-eb1c-4b30-974a-bc93ccff883a_1078x1078.png&quot;,&quot;belowTheFold&quot;:true,&quot;youtube_url&quot;:null,&quot;show_links&quot;:null,&quot;feed_url&quot;:null}"></div><div class="digest-post-embed" data-attrs="{&quot;nodeId&quot;:&quot;335c0ce1-1be5-43c3-8796-95542f0919bc&quot;,&quot;caption&quot;:&quot;Many credit and collections teams are like a ship trying to find its way through a reef in the fog. Critical details, such as who to contact, what&#8217;s overdue, disputes, and prior outreach, are scattered across systems, making it hard to get a clear picture of the situation. The result? Slower decisions, weaker collection calls, and delayed credit&#8230;&quot;,&quot;cta&quot;:&quot;Read full story&quot;,&quot;showBylines&quot;:true,&quot;size&quot;:&quot;md&quot;,&quot;isEditorNode&quot;:true,&quot;title&quot;:&quot;Are Your Collection Efforts Too Myopic?&quot;,&quot;publishedBylines&quot;:[{&quot;id&quot;:29053814,&quot;name&quot;:&quot;David Schmidt&quot;,&quot;bio&quot;:&quot;David Schmidt, Managing Director of A2 Resources (a consultancy focused on credit, collections and AR automation) is a 40+ year business credit executive and co-author of Power Collecting: Automation for Efficient Asset Management (Wiley, 1998).&quot;,&quot;photo_url&quot;:&quot;https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/55d9b1f0-9547-4b76-a870-583e5c9ce1d3_199x200.png&quot;,&quot;is_guest&quot;:false,&quot;bestseller_tier&quot;:null}],&quot;post_date&quot;:&quot;2026-03-23T15:31:53.669Z&quot;,&quot;cover_image&quot;:&quot;https://substackcdn.com/image/fetch/$s_!zEGA!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Facec651c-b634-4da1-a8c3-1a09feab65fc_968x666.png&quot;,&quot;cover_image_alt&quot;:null,&quot;canonical_url&quot;:&quot;https://tradecredit.substack.com/p/are-your-collection-efforts-myopic&quot;,&quot;section_name&quot;:&quot;Jumpstarters&quot;,&quot;video_upload_id&quot;:null,&quot;id&quot;:191597645,&quot;type&quot;:&quot;newsletter&quot;,&quot;reaction_count&quot;:10,&quot;comment_count&quot;:0,&quot;publication_id&quot;:3154770,&quot;publication_name&quot;:&quot;Trade Credit &amp; Liquidity Management&quot;,&quot;publication_logo_url&quot;:&quot;https://substackcdn.com/image/fetch/$s_!G16N!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd30ec4a5-eb1c-4b30-974a-bc93ccff883a_1078x1078.png&quot;,&quot;belowTheFold&quot;:true,&quot;youtube_url&quot;:null,&quot;show_links&quot;:null,&quot;feed_url&quot;:null}"></div><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://www.billfire.com/try-before-you-buy-tclm" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!Ztx_!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ffb6b3184-c6f0-45a7-a11a-79e9f21a909b_1450x365.png 424w, https://substackcdn.com/image/fetch/$s_!Ztx_!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ffb6b3184-c6f0-45a7-a11a-79e9f21a909b_1450x365.png 848w, https://substackcdn.com/image/fetch/$s_!Ztx_!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ffb6b3184-c6f0-45a7-a11a-79e9f21a909b_1450x365.png 1272w, https://substackcdn.com/image/fetch/$s_!Ztx_!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ffb6b3184-c6f0-45a7-a11a-79e9f21a909b_1450x365.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!Ztx_!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ffb6b3184-c6f0-45a7-a11a-79e9f21a909b_1450x365.png" width="1450" height="365" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/fb6b3184-c6f0-45a7-a11a-79e9f21a909b_1450x365.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:365,&quot;width&quot;:1450,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:372676,&quot;alt&quot;:&quot;&quot;,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:&quot;https://www.billfire.com/try-before-you-buy-tclm&quot;,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:&quot;https://tradecredit.substack.com/i/184092227?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ffb6b3184-c6f0-45a7-a11a-79e9f21a909b_1450x365.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" title="" srcset="https://substackcdn.com/image/fetch/$s_!Ztx_!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ffb6b3184-c6f0-45a7-a11a-79e9f21a909b_1450x365.png 424w, https://substackcdn.com/image/fetch/$s_!Ztx_!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ffb6b3184-c6f0-45a7-a11a-79e9f21a909b_1450x365.png 848w, https://substackcdn.com/image/fetch/$s_!Ztx_!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ffb6b3184-c6f0-45a7-a11a-79e9f21a909b_1450x365.png 1272w, https://substackcdn.com/image/fetch/$s_!Ztx_!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ffb6b3184-c6f0-45a7-a11a-79e9f21a909b_1450x365.png 1456w" sizes="100vw" loading="lazy"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><h1>Industry &amp; Market Insights</h1><div class="digest-post-embed" data-attrs="{&quot;nodeId&quot;:&quot;61e2a9e4-b199-4b08-8676-60576dc29e32&quot;,&quot;caption&quot;:&quot;The post&#8211;Cold War, U.S.-led era of globalization, characterized by open markets, predictable rules, and a &#8220;peace dividend&#8221; of low geopolitical risk, is giving way to great power politics. Governments are now more willing to weaponize trade, finance, and technology, and this is reshaping capital flows, inflation dynamics, and market structure. For corporate corporate treasurers and trade credit professionals&#8230;&quot;,&quot;cta&quot;:&quot;Read full story&quot;,&quot;showBylines&quot;:true,&quot;size&quot;:&quot;md&quot;,&quot;isEditorNode&quot;:true,&quot;title&quot;:&quot;When Geopolitics Becomes a Working Capital Risk&quot;,&quot;publishedBylines&quot;:[{&quot;id&quot;:29053814,&quot;name&quot;:&quot;David Schmidt&quot;,&quot;bio&quot;:&quot;David Schmidt, Managing Director of A2 Resources (a consultancy focused on credit, collections and AR automation) is a 40+ year business credit executive and co-author of Power Collecting: Automation for Efficient Asset Management (Wiley, 1998).&quot;,&quot;photo_url&quot;:&quot;https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/55d9b1f0-9547-4b76-a870-583e5c9ce1d3_199x200.png&quot;,&quot;is_guest&quot;:false,&quot;bestseller_tier&quot;:null}],&quot;post_date&quot;:&quot;2026-04-02T18:14:43.127Z&quot;,&quot;cover_image&quot;:&quot;https://substackcdn.com/image/fetch/$s_!7ryb!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F1e804747-a04d-4ab2-a97f-061946ddeb96_688x572.png&quot;,&quot;cover_image_alt&quot;:null,&quot;canonical_url&quot;:&quot;https://tradecredit.substack.com/p/when-geopolitics-becomes-a-working-capital-risk&quot;,&quot;section_name&quot;:&quot;Industry News&quot;,&quot;video_upload_id&quot;:null,&quot;id&quot;:192314502,&quot;type&quot;:&quot;newsletter&quot;,&quot;reaction_count&quot;:0,&quot;comment_count&quot;:0,&quot;publication_id&quot;:3154770,&quot;publication_name&quot;:&quot;Trade Credit &amp; Liquidity Management&quot;,&quot;publication_logo_url&quot;:&quot;https://substackcdn.com/image/fetch/$s_!G16N!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd30ec4a5-eb1c-4b30-974a-bc93ccff883a_1078x1078.png&quot;,&quot;belowTheFold&quot;:true,&quot;youtube_url&quot;:null,&quot;show_links&quot;:null,&quot;feed_url&quot;:null}"></div><div class="digest-post-embed" data-attrs="{&quot;nodeId&quot;:&quot;8c0c00b8-094a-486f-a29f-e3cced1b5973&quot;,&quot;caption&quot;:&quot;The financial services and wholesale sectors have reached a critical inflection point in 2026, where the adoption of Artificial Intelligence (AI) is moving from a competitive advantage to a fundamental necessity for survival. According to the 2026 Global Decisioning Survey of 203 senior decision-makers...&quot;,&quot;cta&quot;:&quot;Read full story&quot;,&quot;showBylines&quot;:true,&quot;size&quot;:&quot;md&quot;,&quot;isEditorNode&quot;:true,&quot;title&quot;:&quot;Navigating the 2026 B2B Landscape: Why AI and Decision Intelligence are the New Gold Standard&quot;,&quot;publishedBylines&quot;:[{&quot;id&quot;:29053814,&quot;name&quot;:&quot;David Schmidt&quot;,&quot;bio&quot;:&quot;David Schmidt, Managing Director of A2 Resources (a consultancy focused on credit, collections and AR automation) is a 40+ year business credit executive and co-author of Power Collecting: Automation for Efficient Asset Management (Wiley, 1998).&quot;,&quot;photo_url&quot;:&quot;https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/55d9b1f0-9547-4b76-a870-583e5c9ce1d3_199x200.png&quot;,&quot;is_guest&quot;:false,&quot;bestseller_tier&quot;:null}],&quot;post_date&quot;:&quot;2026-03-24T12:03:23.981Z&quot;,&quot;cover_image&quot;:&quot;https://substackcdn.com/image/fetch/$s_!HEUO!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F413f64f0-33c7-4449-8caa-19c03354f9fc_980x548.png&quot;,&quot;cover_image_alt&quot;:null,&quot;canonical_url&quot;:&quot;https://tradecredit.substack.com/p/navigating-the-2026-b2b-landscape-why-ai-and-decision-intelligence-are-the-new-global-standard&quot;,&quot;section_name&quot;:&quot;Industry News&quot;,&quot;video_upload_id&quot;:null,&quot;id&quot;:188316699,&quot;type&quot;:&quot;newsletter&quot;,&quot;reaction_count&quot;:0,&quot;comment_count&quot;:0,&quot;publication_id&quot;:3154770,&quot;publication_name&quot;:&quot;Trade Credit &amp; Liquidity Management&quot;,&quot;publication_logo_url&quot;:&quot;https://substackcdn.com/image/fetch/$s_!G16N!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd30ec4a5-eb1c-4b30-974a-bc93ccff883a_1078x1078.png&quot;,&quot;belowTheFold&quot;:true,&quot;youtube_url&quot;:null,&quot;show_links&quot;:null,&quot;feed_url&quot;:null}"></div><h3>Vendor Press Releases:</h3><div class="digest-post-embed" data-attrs="{&quot;nodeId&quot;:&quot;9be06681-fab5-4430-9d3f-d563af7fb828&quot;,&quot;caption&quot;:&quot;From a Press Release Dated March 31, 2026, Boston, Massachusetts&quot;,&quot;cta&quot;:&quot;Read full story&quot;,&quot;showBylines&quot;:true,&quot;size&quot;:&quot;sm&quot;,&quot;isEditorNode&quot;:true,&quot;title&quot;:&quot;Daylit Pushes Accounts Receivable Into Autopilot&quot;,&quot;publishedBylines&quot;:[],&quot;post_date&quot;:&quot;2026-04-01T20:00:38.484Z&quot;,&quot;cover_image&quot;:&quot;https://substackcdn.com/image/fetch/$s_!Edvw!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa5615327-ac2c-4d8b-87f9-7bc216dc5a57_588x328.png&quot;,&quot;cover_image_alt&quot;:null,&quot;canonical_url&quot;:&quot;https://tradecredit.substack.com/p/daylit-pushes-accounts-receivable-into-autopilot&quot;,&quot;section_name&quot;:&quot;Industry News&quot;,&quot;video_upload_id&quot;:null,&quot;id&quot;:192855821,&quot;type&quot;:&quot;newsletter&quot;,&quot;reaction_count&quot;:0,&quot;comment_count&quot;:0,&quot;publication_id&quot;:3154770,&quot;publication_name&quot;:&quot;Trade Credit &amp; Liquidity Management&quot;,&quot;publication_logo_url&quot;:&quot;https://substackcdn.com/image/fetch/$s_!G16N!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd30ec4a5-eb1c-4b30-974a-bc93ccff883a_1078x1078.png&quot;,&quot;belowTheFold&quot;:true,&quot;youtube_url&quot;:null,&quot;show_links&quot;:null,&quot;feed_url&quot;:null}"></div><div class="digest-post-embed" data-attrs="{&quot;nodeId&quot;:&quot;4297782b-3b59-485d-b020-0d3a6252a3ae&quot;,&quot;caption&quot;:&quot;From a Press Release dated March 29, 2026, Courbevoie, France&quot;,&quot;cta&quot;:&quot;Read full story&quot;,&quot;showBylines&quot;:true,&quot;size&quot;:&quot;sm&quot;,&quot;isEditorNode&quot;:true,&quot;title&quot;:&quot;Bureau Veritas and Trade Technologies Link Compliance and Finance Workflows&quot;,&quot;publishedBylines&quot;:[],&quot;post_date&quot;:&quot;2026-03-30T20:00:49.391Z&quot;,&quot;cover_image&quot;:&quot;https://substackcdn.com/image/fetch/$s_!db5p!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F8e37f369-4557-47c6-9c4a-546f635c4fbf_1538x802.png&quot;,&quot;cover_image_alt&quot;:null,&quot;canonical_url&quot;:&quot;https://tradecredit.substack.com/p/bureau-veritas-and-trade-technologies-link-compliance-and-finance-workflows&quot;,&quot;section_name&quot;:&quot;Industry News&quot;,&quot;video_upload_id&quot;:null,&quot;id&quot;:192614084,&quot;type&quot;:&quot;newsletter&quot;,&quot;reaction_count&quot;:0,&quot;comment_count&quot;:0,&quot;publication_id&quot;:3154770,&quot;publication_name&quot;:&quot;Trade Credit &amp; Liquidity Management&quot;,&quot;publication_logo_url&quot;:&quot;https://substackcdn.com/image/fetch/$s_!G16N!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd30ec4a5-eb1c-4b30-974a-bc93ccff883a_1078x1078.png&quot;,&quot;belowTheFold&quot;:true,&quot;youtube_url&quot;:null,&quot;show_links&quot;:null,&quot;feed_url&quot;:null}"></div><div class="digest-post-embed" data-attrs="{&quot;nodeId&quot;:&quot;04293727-4355-4de3-bcfd-bb5365154d14&quot;,&quot;caption&quot;:&quot;From a Press Release dated March 25, 2026, San Francisco, California&quot;,&quot;cta&quot;:&quot;Read full story&quot;,&quot;showBylines&quot;:true,&quot;size&quot;:&quot;sm&quot;,&quot;isEditorNode&quot;:true,&quot;title&quot;:&quot;Visa&#8217;s Canton Network Play Signals a New Phase for Corporate Payments&quot;,&quot;publishedBylines&quot;:[],&quot;post_date&quot;:&quot;2026-04-02T16:17:18.106Z&quot;,&quot;cover_image&quot;:&quot;https://substackcdn.com/image/fetch/$s_!9WbK!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Feed7bdbd-7f06-4584-8667-9072c2ee1236_1536x1024.png&quot;,&quot;cover_image_alt&quot;:null,&quot;canonical_url&quot;:&quot;https://tradecredit.substack.com/p/visas-canton-network-play-signals-a-new-phase-for-corporate-payments&quot;,&quot;section_name&quot;:&quot;Industry News&quot;,&quot;video_upload_id&quot;:null,&quot;id&quot;:192216105,&quot;type&quot;:&quot;newsletter&quot;,&quot;reaction_count&quot;:0,&quot;comment_count&quot;:0,&quot;publication_id&quot;:3154770,&quot;publication_name&quot;:&quot;Trade Credit &amp; Liquidity Management&quot;,&quot;publication_logo_url&quot;:&quot;https://substackcdn.com/image/fetch/$s_!G16N!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd30ec4a5-eb1c-4b30-974a-bc93ccff883a_1078x1078.png&quot;,&quot;belowTheFold&quot;:true,&quot;youtube_url&quot;:null,&quot;show_links&quot;:null,&quot;feed_url&quot;:null}"></div><div class="digest-post-embed" data-attrs="{&quot;nodeId&quot;:&quot;8ca80072-3a67-471f-a641-4ca9ed07c267&quot;,&quot;caption&quot;:&quot;From a Press Release dated March 24, 2026, San Francisco, California&quot;,&quot;cta&quot;:&quot;Read full story&quot;,&quot;showBylines&quot;:true,&quot;size&quot;:&quot;sm&quot;,&quot;isEditorNode&quot;:true,&quot;title&quot;:&quot;On-Chain Rails for Real-World Finance&quot;,&quot;publishedBylines&quot;:[],&quot;post_date&quot;:&quot;2026-03-26T15:05:48.154Z&quot;,&quot;cover_image&quot;:&quot;https://substackcdn.com/image/fetch/$s_!mQzz!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F07e811d7-7fa0-44d1-a1f6-273f9a66acc1_1536x1024.png&quot;,&quot;cover_image_alt&quot;:null,&quot;canonical_url&quot;:&quot;https://tradecredit.substack.com/p/on-chain-rails-for-real-world-finance&quot;,&quot;section_name&quot;:&quot;Industry News&quot;,&quot;video_upload_id&quot;:null,&quot;id&quot;:192096830,&quot;type&quot;:&quot;newsletter&quot;,&quot;reaction_count&quot;:0,&quot;comment_count&quot;:0,&quot;publication_id&quot;:3154770,&quot;publication_name&quot;:&quot;Trade Credit &amp; Liquidity Management&quot;,&quot;publication_logo_url&quot;:&quot;https://substackcdn.com/image/fetch/$s_!G16N!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd30ec4a5-eb1c-4b30-974a-bc93ccff883a_1078x1078.png&quot;,&quot;belowTheFold&quot;:true,&quot;youtube_url&quot;:null,&quot;show_links&quot;:null,&quot;feed_url&quot;:null}"></div><div class="digest-post-embed" data-attrs="{&quot;nodeId&quot;:&quot;c4c4b51b-ab36-45cf-b9fe-a6e45923a7ba&quot;,&quot;caption&quot;:&quot;From a Press Release dated March 18, 2026, Purchase, New York&quot;,&quot;cta&quot;:&quot;Read full story&quot;,&quot;showBylines&quot;:true,&quot;size&quot;:&quot;sm&quot;,&quot;isEditorNode&quot;:true,&quot;title&quot;:&quot;Mastercard Acquires BVNK to Bridge Fiat and Stablecoin Payments&quot;,&quot;publishedBylines&quot;:[],&quot;post_date&quot;:&quot;2026-03-20T15:40:06.107Z&quot;,&quot;cover_image&quot;:&quot;https://substackcdn.com/image/fetch/$s_!mXnV!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Feca38cc1-5ed3-4c96-a8f2-551caa19c05b_1536x1024.png&quot;,&quot;cover_image_alt&quot;:null,&quot;canonical_url&quot;:&quot;https://tradecredit.substack.com/p/mastercard-acquires-bvnk-to-bridge-fiat-and-stablecoin-payments&quot;,&quot;section_name&quot;:&quot;Industry News&quot;,&quot;video_upload_id&quot;:null,&quot;id&quot;:191375106,&quot;type&quot;:&quot;newsletter&quot;,&quot;reaction_count&quot;:0,&quot;comment_count&quot;:0,&quot;publication_id&quot;:3154770,&quot;publication_name&quot;:&quot;Trade Credit &amp; Liquidity Management&quot;,&quot;publication_logo_url&quot;:&quot;https://substackcdn.com/image/fetch/$s_!G16N!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd30ec4a5-eb1c-4b30-974a-bc93ccff883a_1078x1078.png&quot;,&quot;belowTheFold&quot;:true,&quot;youtube_url&quot;:null,&quot;show_links&quot;:null,&quot;feed_url&quot;:null}"></div><h1>Professional Development</h1><div class="poll-embed" data-attrs="{&quot;id&quot;:486444}" data-component-name="PollToDOM"></div><p class="button-wrapper" data-attrs="{&quot;url&quot;:&quot;mailto:rshultz@tclmnews.com&quot;,&quot;text&quot;:&quot;Inquire About TCLM Training Resources&quot;,&quot;action&quot;:null,&quot;class&quot;:null}" data-component-name="ButtonCreateButton"><a class="button primary" href="mailto:rshultz@tclmnews.com"><span>Inquire About TCLM Training Resources</span></a></p><h3>Go To Networking:</h3><p><em><strong><a href="https://eximac2026.cmpinc.net/">2026 EXIM Annual Conference</a></strong></em> &#8212; April 29-30, Omni Shoreham Hotel, Washington, D.C.</p><p><em><strong><a href="https://www.gartner.com/en/conferences/na/cfo-finance-us">Gartner Finance Symposium/Xpo</a></strong></em> &#8212; May 27 &#8211; 29, 2026, Gaylord National Resort and Conference Center, National Harbor, MD</p><h3>Online Learning Opportunities:</h3><p><em><strong><a href="https://www.ncscredit.com/events/webinar-notices-commencement-lien-rights">Notices of Commencement &amp; Mechanic&#8217;s Lien Rights</a></strong></em> &#8212; Complementary Online Webinar sponsored by NCS Credit, April 7, 2026, at 1 PM ET</p><p><em><strong><a href="https://nacmbcs.org/event-calendar/vetting-a-customer/">Vetting a Customer</a></strong></em> &#8212; Online Webinar from NACM Business Credit Services, April 14, 2026, at 3 PM ET</p><p><em><strong><a href="https://www.nacmconnect.org/wp-content/uploads/2025/2026-credit-101-102-103-schedule.pdf">Credit 103</a></strong></em> - Offered by NACM Connect. This is an online course for mid-level credit professionals who would like to learn where they fit into the corporate structure and the associated tools they need to provide, on April 15, 2026, from 10 AM to 5 PM ET</p><p><em><strong><a href="https://app.livestorm.co/coface/from-risk-to-cash-how-connected-credit-risk-data-and-treasury-drive-financial-control">From Risk to Cash: How Connected Credit, Risk Data &amp; Treasury Drive Financial Control</a></strong></em> &#8212; Complementary 45-minute webinar sponsored by Coface, April 23, 2026, 5:00 AM ET</p><p><em><strong><a href="https://members.creditmanagementassociation.org/atlas/events/1051/details">26th Annual CMA Southwest Business &amp; Construction Credit Virtual Conference</a></strong></em> - 24 live sessions over 4 days, May 5-8, 2026</p><p><em><strong><a href="https://www.nacmconnect.org/wp-content/uploads/2025/2026-credit-101-102-103-schedule.pdf">Credit 101</a></strong></em> - Offered by NACM Connect. This is a basic-level orientation program that introduces newcomers to the multifaceted field of credit management, May 13, 2026, 10 AM to 5 PM ET</p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://nacmbcs.org" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!crd7!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff1ecabba-46fc-49e1-9f45-149894ba95d1_600x250.png 424w, https://substackcdn.com/image/fetch/$s_!crd7!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff1ecabba-46fc-49e1-9f45-149894ba95d1_600x250.png 848w, https://substackcdn.com/image/fetch/$s_!crd7!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff1ecabba-46fc-49e1-9f45-149894ba95d1_600x250.png 1272w, https://substackcdn.com/image/fetch/$s_!crd7!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff1ecabba-46fc-49e1-9f45-149894ba95d1_600x250.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!crd7!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff1ecabba-46fc-49e1-9f45-149894ba95d1_600x250.png" width="724" height="301.6666666666667" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/f1ecabba-46fc-49e1-9f45-149894ba95d1_600x250.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:250,&quot;width&quot;:600,&quot;resizeWidth&quot;:724,&quot;bytes&quot;:156194,&quot;alt&quot;:&quot;&quot;,&quot;title&quot;:&quot;&quot;,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:&quot;https://nacmbcs.org&quot;,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:&quot;https://tradecredit.substack.com/i/186098364?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff1ecabba-46fc-49e1-9f45-149894ba95d1_600x250.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" title="" 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class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><h3>Bookshelf:</h3><div class="digest-post-embed" data-attrs="{&quot;nodeId&quot;:&quot;cbe27369-0980-4250-b606-ed7777836ffe&quot;,&quot;caption&quot;:&quot;Greatness Code is a practical, leadership-driven read that will resonate with corporate trade credit, treasury, and broader finance professionals who want more than technical excellence from their careers. Alan Guarino frames success around the 5Qs: stamina, courage, resilience, persistence, and passion. He also addresses social capital, which makes the&#8230;&quot;,&quot;cta&quot;:&quot;Read full story&quot;,&quot;showBylines&quot;:true,&quot;size&quot;:&quot;md&quot;,&quot;isEditorNode&quot;:true,&quot;title&quot;:&quot;Greatness Code: The Formula Behind Unstoppable Success&quot;,&quot;publishedBylines&quot;:[{&quot;id&quot;:29053814,&quot;name&quot;:&quot;David Schmidt&quot;,&quot;bio&quot;:&quot;David Schmidt, Managing Director of A2 Resources (a consultancy focused on credit, collections and AR automation) is a 40+ year business credit executive and co-author of Power Collecting: Automation for Efficient Asset Management (Wiley, 1998).&quot;,&quot;photo_url&quot;:&quot;https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/55d9b1f0-9547-4b76-a870-583e5c9ce1d3_199x200.png&quot;,&quot;is_guest&quot;:false,&quot;bestseller_tier&quot;:null}],&quot;post_date&quot;:&quot;2026-04-02T18:11:16.106Z&quot;,&quot;cover_image&quot;:&quot;https://substackcdn.com/image/fetch/$s_!_Tit!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff22d65a7-4394-40c0-8538-7557c1588462_544x800.png&quot;,&quot;cover_image_alt&quot;:null,&quot;canonical_url&quot;:&quot;https://tradecredit.substack.com/p/greatness-code-the-formula-behind-unstoppable-sucess&quot;,&quot;section_name&quot;:&quot;Bookshelf&quot;,&quot;video_upload_id&quot;:null,&quot;id&quot;:192981917,&quot;type&quot;:&quot;newsletter&quot;,&quot;reaction_count&quot;:0,&quot;comment_count&quot;:0,&quot;publication_id&quot;:3154770,&quot;publication_name&quot;:&quot;Trade Credit &amp; Liquidity Management&quot;,&quot;publication_logo_url&quot;:&quot;https://substackcdn.com/image/fetch/$s_!G16N!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd30ec4a5-eb1c-4b30-974a-bc93ccff883a_1078x1078.png&quot;,&quot;belowTheFold&quot;:true,&quot;youtube_url&quot;:null,&quot;show_links&quot;:null,&quot;feed_url&quot;:null}"></div><h1>On Our Radar</h1><p><em><strong><a href="https://www.pymnts.com/smbs/2026/virtual-cards-bring-flexibility-to-smb-payments-stuck-in-the-past/">Virtual Cards Bring Flexibility to SMB Payments Stuck in the Past</a> </strong></em> by <strong>PYMNTS,</strong> 03/31/26</p><p><em><strong><a href="https://gfmag.com/capital-raising-corporate-finance/cfo-turnover-rates-quicken/">CFO Turnover Rates Quicken</a></strong></em> by Caroline Crosdale in <strong>Global Finance</strong> magazine, 03/31/26</p><p><em><strong><a href="https://www.pymnts.com/news/faster-payments/2026/cfos-target-idle-cash-as-treasury-shifts-to-real-time-control">CFOs Target Idle Cash as Treasury Shifts to Real-Time Contro</a></strong></em>l by <strong>PYMNTS,</strong> 03/29/26</p><p><em><strong><a href="https://www.wsj.com/economy/is-another-financial-crisis-lurking-in-private-credit-cad379b1">Is Another Financial Crisis Lurking in Private Credit?</a></strong></em> by Greg Ip in <strong>The Wall Street Journal</strong>, 03/28/26</p><p><em><strong><a href="https://www.cbh.com/insights/articles/finance-modernization-quick-start-guide-for-cfos-4-key-factors/">Quick&#8209;start Guide to Finance Modernization: 4 Key Factors for Transformation Success</a></strong></em> by Kristin Bettorf and J. Scott Duda for <strong>Cherry Bekaert Advisory, 03/25/26</strong></p><p><em><strong><a href="https://www.wsj.com/tech/ai/are-bots-replacing-workers-these-skeptics-arent-so-sure-755143b1">Are Bots Replacing Workers? These Skeptics Aren&#8217;t So Sure</a></strong></em> by Callum Borchers in <strong>The Wall Street Journal</strong>, 03/25/26</p><p><em><strong><a href="https://ctmfile.com/story/building-a-dynamic-treasury-risk-management-framework-for-a-world-of-interconnected-risk">Building a dynamic treasury risk management framework for a world of interconnected risk</a></strong></em> by Pushpendra Mehta, Executive Writer, <strong>CTMfile,</strong> 03/25/26</p><p><em><strong><a href="https://www.wsj.com/tech/ai/ai-admin-job-market-6a1c3436">America&#8217;s Chief Financial Officers Say AI Is Coming for Admin Jobs</a></strong></em><a href="https://www.wsj.com/tech/ai/ai-admin-job-market-6a1c3436"> </a>by Justin Lahart in <strong>The Wall Street Journal</strong>, 03/24/26</p><p><em><strong><a href="https://www.paymentsjournal.com/the-growing-data-battle-between-banks-and-fintechs/">The Growing Data Battle Between Banks and Fintechs</a></strong></em> by Wesley Grant in <strong>PaymentsJournal</strong>, 03/23/26</p><p><em><strong><a href="https://www.microsoft.com/en-us/security/blog/2026/03/19/when-tax-season-becomes-cyberattack-season-phishing-and-malware-campaigns-using-tax-related-lures/">When tax season becomes cyberattack season: Phishing and malware campaigns using tax-related lures</a></strong></em> by <strong>Microsoft Threat Intelligence</strong> and <strong>Microsoft Defender Security Research Team</strong>, 03/19/26</p><p><em><strong><a href="https://the-cfo.io/2026/03/18/mindbridge-cfo-matthias-steinberg-on-why-traditional-erps-fail-during-trade-friction/">MindBridge CFO Matthias Steinberg on why traditional ERPs fail during trade friction</a></strong></em> by Nikita Alexander in <strong>The CFO</strong>, 03/18/26</p><div class="captioned-button-wrap" data-attrs="{&quot;url&quot;:&quot;https://tradecredit.substack.com/p/the-evolving-payments-ecosystem-the-impact-on-ar-in-2026?utm_source=substack&amp;utm_medium=email&amp;utm_content=share&amp;action=share&amp;token=eyJ1c2VyX2lkIjoyOTA1MzgxNCwicG9zdF9pZCI6MTgxNTUyMzAyLCJpYXQiOjE3NjY0MjUwNTAsImV4cCI6MTc2OTAxNzA1MCwiaXNzIjoicHViLTMxNTQ3NzAiLCJzdWIiOiJwb3N0LXJlYWN0aW9uIn0.ZuPJAAuW4WWMDsRm7wxJp4rebtiLJPImzExke-b3zDE&quot;,&quot;text&quot;:&quot;Share&quot;}" data-component-name="CaptionedButtonToDOM"><div class="preamble"><p class="cta-caption"><em>If you&#8217;ve enjoyed reading this newsletter, please consider sharing it with your staff and colleagues.</em></p></div><p class="button-wrapper" data-attrs="{&quot;url&quot;:&quot;https://tradecredit.substack.com/p/trade-credit-and-liquidity-management-2-7?utm_source=substack&utm_medium=email&utm_content=share&action=share&quot;,&quot;text&quot;:&quot;Share&quot;}" data-component-name="ButtonCreateButton"><a class="button primary" href="https://tradecredit.substack.com/p/trade-credit-and-liquidity-management-2-7?utm_source=substack&utm_medium=email&utm_content=share&action=share"><span>Share</span></a></p></div><div><hr></div><h3><strong>Editorial Opportunities:</strong></h3><p><em><strong>Have insights to share?</strong> Get featured in TCLM. <strong><a href="mailto:rshultz@tclmnews.com">Contact us about contributing!</a></strong></em></p><h3><strong>Advertising Opportunities:</strong></h3><p><em><strong>Your audience is here</strong>: thousands of corporate trade credit, treasury, and finance professionals. 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type="image/jpeg"/><content:encoded><![CDATA[<div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!uQ3K!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!uQ3K!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 424w, https://substackcdn.com/image/fetch/$s_!uQ3K!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 848w, 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data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:256,&quot;width&quot;:1344,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:37540,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:&quot;https://tradecredit.substack.com/i/170395903?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" 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fetchpriority="high"></picture><div></div></div></a></figure></div><div class="pullquote"><p>Publisher&#8217;s Note:<em> Because this newsletter can be too long to view as an email, you may have to click "View entire message" at the bottom to access all the content.</em></p></div><h1>Featured Articles</h1><div class="digest-post-embed" data-attrs="{&quot;nodeId&quot;:&quot;8aab620b-bff8-4eb2-94bb-ad0c12d91193&quot;,&quot;caption&quot;:&quot;By Sarah McCaulley--In the business world, the journey from acquiring a customer to retaining them and ensuring their success is a multifaceted one. It involves dedicated teams, strategies, and countless hours of hard work. Sales teams bring customers on board, the renewals teams maintain relationships, and the go-to-market teams strategize for growth. But nestled between...&quot;,&quot;cta&quot;:&quot;Read full story&quot;,&quot;showBylines&quot;:true,&quot;size&quot;:&quot;md&quot;,&quot;isEditorNode&quot;:true,&quot;title&quot;:&quot;The Forgotten Role of the Order-to-Cash Cycle&quot;,&quot;publishedBylines&quot;:[],&quot;post_date&quot;:&quot;2026-03-18T15:30:40.884Z&quot;,&quot;cover_image&quot;:&quot;https://substackcdn.com/image/fetch/$s_!wc-w!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fe0d8af44-7319-4b96-832c-7313fdd59831_1536x1024.png&quot;,&quot;cover_image_alt&quot;:null,&quot;canonical_url&quot;:&quot;https://tradecredit.substack.com/p/the-forgotten-role-of-the-order-to-cash-cycle&quot;,&quot;section_name&quot;:&quot;Thought Leaders&quot;,&quot;video_upload_id&quot;:null,&quot;id&quot;:191131690,&quot;type&quot;:&quot;newsletter&quot;,&quot;reaction_count&quot;:16,&quot;comment_count&quot;:0,&quot;publication_id&quot;:3154770,&quot;publication_name&quot;:&quot;Trade Credit &amp; Liquidity Management&quot;,&quot;publication_logo_url&quot;:&quot;https://substackcdn.com/image/fetch/$s_!G16N!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd30ec4a5-eb1c-4b30-974a-bc93ccff883a_1078x1078.png&quot;,&quot;belowTheFold&quot;:false,&quot;youtube_url&quot;:null,&quot;show_links&quot;:null,&quot;feed_url&quot;:null}"></div><div class="digest-post-embed" data-attrs="{&quot;nodeId&quot;:&quot;dc91de75-9427-475a-8bfc-62c5cbba5046&quot;,&quot;caption&quot;:&quot;In the world of growth-stage funding, timing and context define everything. Recently, two companies&#8212;one a promising Texas innovator with a breakthrough product, the other an energy drink venture fizzing with proven momentum&#8212;found themselves at the same crossroads: how to fund growth. Yet their paths diverged sharply&#8230;&quot;,&quot;cta&quot;:&quot;Read full story&quot;,&quot;showBylines&quot;:true,&quot;size&quot;:&quot;md&quot;,&quot;isEditorNode&quot;:true,&quot;title&quot;:&quot;Growth Capital Done Right: Matching Risk, Stage, and Strategy&quot;,&quot;publishedBylines&quot;:[{&quot;id&quot;:103227423,&quot;name&quot;:&quot;Robert Darbee&quot;,&quot;bio&quot;:&quot;Robert S Darbee is CEO of New York advisory Omni Capital Corporation (omni99.com). He is former president, The Bank of New York Trust Company, institutional investment arm of the parent. &quot;,&quot;photo_url&quot;:&quot;https://substackcdn.com/image/fetch/$s_!J4pI!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F315f65bc-d77d-448f-aa5b-dc21054eb169_144x144.png&quot;,&quot;is_guest&quot;:true,&quot;bestseller_tier&quot;:null}],&quot;post_date&quot;:&quot;2026-03-17T15:30:57.052Z&quot;,&quot;cover_image&quot;:&quot;https://substackcdn.com/image/fetch/$s_!lI8Q!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F3de5a3f7-00f0-40c6-a894-7a38ab98348d_4400x2800.jpeg&quot;,&quot;cover_image_alt&quot;:null,&quot;canonical_url&quot;:&quot;https://tradecredit.substack.com/p/growth-capital-done-right-matching-risk-stage-and-strategy&quot;,&quot;section_name&quot;:&quot;Working Capital Solutions&quot;,&quot;video_upload_id&quot;:null,&quot;id&quot;:189772105,&quot;type&quot;:&quot;newsletter&quot;,&quot;reaction_count&quot;:15,&quot;comment_count&quot;:0,&quot;publication_id&quot;:3154770,&quot;publication_name&quot;:&quot;Trade Credit &amp; Liquidity Management&quot;,&quot;publication_logo_url&quot;:&quot;https://substackcdn.com/image/fetch/$s_!G16N!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd30ec4a5-eb1c-4b30-974a-bc93ccff883a_1078x1078.png&quot;,&quot;belowTheFold&quot;:false,&quot;youtube_url&quot;:null,&quot;show_links&quot;:null,&quot;feed_url&quot;:null}"></div><div class="digest-post-embed" data-attrs="{&quot;nodeId&quot;:&quot;db73ee6b-2d77-4d40-aca9-4a6638fc2826&quot;,&quot;caption&quot;:&quot;Determining the credit risk of business applicants or existing accounts can be difficult. Reviewing credit reports containing minimal or even no information can turn a simple decision into a daunting task. Reaching out to credit references, waiting a week or two, and receiving no response or a biased answer does not make it any easier either. In these situations&#8230;&quot;,&quot;cta&quot;:&quot;Read full story&quot;,&quot;showBylines&quot;:true,&quot;size&quot;:&quot;md&quot;,&quot;isEditorNode&quot;:true,&quot;title&quot;:&quot;Optimizing Credit Decisions with Multi-Bureau Business Credit Reports&quot;,&quot;publishedBylines&quot;:[],&quot;post_date&quot;:&quot;2026-03-11T15:30:56.692Z&quot;,&quot;cover_image&quot;:&quot;https://substackcdn.com/image/fetch/$s_!PnLx!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4b59033f-996e-4c34-bfe2-dc5ee5c11a09_3999x2667.jpeg&quot;,&quot;cover_image_alt&quot;:null,&quot;canonical_url&quot;:&quot;https://tradecredit.substack.com/p/optimizing-credit-decisions-with-multi-bureau-business-credit-reports&quot;,&quot;section_name&quot;:&quot;Thought Leaders&quot;,&quot;video_upload_id&quot;:null,&quot;id&quot;:190396328,&quot;type&quot;:&quot;newsletter&quot;,&quot;reaction_count&quot;:14,&quot;comment_count&quot;:0,&quot;publication_id&quot;:3154770,&quot;publication_name&quot;:&quot;Trade Credit &amp; Liquidity Management&quot;,&quot;publication_logo_url&quot;:&quot;https://substackcdn.com/image/fetch/$s_!G16N!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd30ec4a5-eb1c-4b30-974a-bc93ccff883a_1078x1078.png&quot;,&quot;belowTheFold&quot;:false,&quot;youtube_url&quot;:null,&quot;show_links&quot;:null,&quot;feed_url&quot;:null}"></div><div class="subscription-widget-wrap-editor" data-attrs="{&quot;url&quot;:&quot;https://tradecredit.substack.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe&quot;,&quot;language&quot;:&quot;en&quot;}" data-component-name="SubscribeWidgetToDOM"><div class="subscription-widget show-subscribe"><div class="preamble"><p class="cta-caption"><em><strong>Trade Credit &amp; Liqu&#8230;</strong></em></p></div><form class="subscription-widget-subscribe"><input type="email" class="email-input" name="email" placeholder="Type your email&#8230;" tabindex="-1"><input type="submit" class="button primary" value="Subscribe"><div class="fake-input-wrapper"><div class="fake-input"></div><div class="fake-button"></div></div></form></div></div>
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   ]]></content:encoded></item><item><title><![CDATA[Trade Credit & Liquidity Management Newsletter]]></title><description><![CDATA[Volume 2, Number 5]]></description><link>https://tradecredit.substack.com/p/trade-credit-and-liquidity-management-2-5</link><guid isPermaLink="false">https://tradecredit.substack.com/p/trade-credit-and-liquidity-management-2-5</guid><pubDate>Fri, 06 Mar 2026 16:30:55 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!G16N!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd30ec4a5-eb1c-4b30-974a-bc93ccff883a_1078x1078.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!uQ3K!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!uQ3K!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 424w, https://substackcdn.com/image/fetch/$s_!uQ3K!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 848w, https://substackcdn.com/image/fetch/$s_!uQ3K!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 1272w, https://substackcdn.com/image/fetch/$s_!uQ3K!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!uQ3K!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png" width="1344" height="256" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:256,&quot;width&quot;:1344,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:37540,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:&quot;https://tradecredit.substack.com/i/170395903?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!uQ3K!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 424w, https://substackcdn.com/image/fetch/$s_!uQ3K!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 848w, https://substackcdn.com/image/fetch/$s_!uQ3K!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 1272w, https://substackcdn.com/image/fetch/$s_!uQ3K!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 1456w" sizes="100vw" fetchpriority="high"></picture><div></div></div></a></figure></div><div class="pullquote"><p>Publisher&#8217;s Note:<em> Because this newsletter can be too long to view as an email, you may have to click "View entire message" at the bottom to access all the content.</em></p></div><h1>Featured Articles</h1><div class="digest-post-embed" data-attrs="{&quot;nodeId&quot;:&quot;55f90e9f-b810-445a-9e06-6f9eaad10012&quot;,&quot;caption&quot;:&quot;Fresh off the latest market shifts, one topic is dominating finance and operations conversations: Tariffs! How they&#8217;re evolving, how they&#8217;re hitting margins, and how volatility in trade policy is forcing Quote-to-Cash (Q2C) teams to detect, diagnose, and mitigate downstream effects faster than ever. In today&#8217;s environment where policy shifts now show up&#8230;&quot;,&quot;cta&quot;:&quot;Read full story&quot;,&quot;showBylines&quot;:true,&quot;size&quot;:&quot;md&quot;,&quot;isEditorNode&quot;:true,&quot;title&quot;:&quot;The Tariff Signal Is Already in Your Receivables&quot;,&quot;publishedBylines&quot;:[{&quot;id&quot;:403962668,&quot;name&quot;:&quot;Ian Thompson&quot;,&quot;bio&quot;:&quot;Ian Thompson is the Founder and Principal of Clear Cycle Advisors, a consulting firm that helps companies optimize and de-risk their Order-to-Cash (O2C) operations. &quot;,&quot;photo_url&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/ba22f6a2-8abf-467e-b425-a8ba8444986e_819x819.png&quot;,&quot;is_guest&quot;:true,&quot;bestseller_tier&quot;:null,&quot;primaryPublicationSubscribeUrl&quot;:&quot;https://ian53.substack.com/subscribe?&quot;,&quot;primaryPublicationUrl&quot;:&quot;https://ian53.substack.com&quot;,&quot;primaryPublicationName&quot;:&quot;Ian's Substack&quot;,&quot;primaryPublicationId&quot;:6649719}],&quot;post_date&quot;:&quot;2026-03-04T16:30:24.423Z&quot;,&quot;cover_image&quot;:&quot;https://substackcdn.com/image/fetch/$s_!a-Re!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F994574fe-0bfa-4e1f-a95d-29bae224e634_640x428.jpeg&quot;,&quot;cover_image_alt&quot;:null,&quot;canonical_url&quot;:&quot;https://tradecredit.substack.com/p/the-tariff-signal-is-already-in-your-receivables&quot;,&quot;section_name&quot;:&quot;Thought Leaders&quot;,&quot;video_upload_id&quot;:null,&quot;id&quot;:189677049,&quot;type&quot;:&quot;newsletter&quot;,&quot;reaction_count&quot;:13,&quot;comment_count&quot;:0,&quot;publication_id&quot;:3154770,&quot;publication_name&quot;:&quot;Trade Credit &amp; Liquidity Management&quot;,&quot;publication_logo_url&quot;:&quot;https://substackcdn.com/image/fetch/$s_!G16N!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd30ec4a5-eb1c-4b30-974a-bc93ccff883a_1078x1078.png&quot;,&quot;belowTheFold&quot;:false,&quot;youtube_url&quot;:null,&quot;show_links&quot;:null,&quot;feed_url&quot;:null}"></div><div class="digest-post-embed" data-attrs="{&quot;nodeId&quot;:&quot;5aa20932-4d8b-4a3d-9ebc-825514373721&quot;,&quot;caption&quot;:&quot;Recession talk is everywhere. Tariff uncertainty, tightening credit markets, and shifting consumer behavior are creating a fog that makes it hard for finance leaders to plan with confidence. But here&#8217;s the thing: your accounts receivable (AR) data is already telling you what&#8217;s coming ...&quot;,&quot;cta&quot;:&quot;Read full story&quot;,&quot;showBylines&quot;:true,&quot;size&quot;:&quot;md&quot;,&quot;isEditorNode&quot;:true,&quot;title&quot;:&quot;Your AR Data Is a Recession Early Warning System - If You Know Where to Look&quot;,&quot;publishedBylines&quot;:[{&quot;id&quot;:415509913,&quot;name&quot;:&quot;Jared Shulman&quot;,&quot;bio&quot;:&quot;founder Daylit, AI agents for A/R&quot;,&quot;photo_url&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/820d88bb-4d37-4ba1-ae14-839ca31462c4_400x400.jpeg&quot;,&quot;is_guest&quot;:true,&quot;bestseller_tier&quot;:null}],&quot;post_date&quot;:&quot;2026-02-25T16:30:59.790Z&quot;,&quot;cover_image&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/195f348f-97f5-4b51-ad24-f6c3ba0914ea_3818x2546.jpeg&quot;,&quot;cover_image_alt&quot;:null,&quot;canonical_url&quot;:&quot;https://tradecredit.substack.com/p/your-ar-data-is-a-recession-early-warning-system&quot;,&quot;section_name&quot;:&quot;Thought Leaders&quot;,&quot;video_upload_id&quot;:null,&quot;id&quot;:188433666,&quot;type&quot;:&quot;newsletter&quot;,&quot;reaction_count&quot;:12,&quot;comment_count&quot;:0,&quot;publication_id&quot;:3154770,&quot;publication_name&quot;:&quot;Trade Credit &amp; Liquidity Management&quot;,&quot;publication_logo_url&quot;:&quot;https://substackcdn.com/image/fetch/$s_!G16N!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd30ec4a5-eb1c-4b30-974a-bc93ccff883a_1078x1078.png&quot;,&quot;belowTheFold&quot;:false,&quot;youtube_url&quot;:null,&quot;show_links&quot;:null,&quot;feed_url&quot;:null}"></div><div class="subscription-widget-wrap-editor" data-attrs="{&quot;url&quot;:&quot;https://tradecredit.substack.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe&quot;,&quot;language&quot;:&quot;en&quot;}" data-component-name="SubscribeWidgetToDOM"><div class="subscription-widget show-subscribe"><div class="preamble"><p class="cta-caption"><em><strong>Trade Credit &amp; Liqu&#8230;</strong></em></p></div><form class="subscription-widget-subscribe"><input type="email" class="email-input" name="email" placeholder="Type your email&#8230;" tabindex="-1"><input type="submit" class="button primary" value="Subscribe"><div class="fake-input-wrapper"><div class="fake-input"></div><div class="fake-button"></div></div></form></div></div>
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   ]]></content:encoded></item><item><title><![CDATA[Trade Credit & Liquidity Management Newsletter]]></title><description><![CDATA[Volume 2, Number 4]]></description><link>https://tradecredit.substack.com/p/trade-credit-and-liquidity-management-2-4</link><guid isPermaLink="false">https://tradecredit.substack.com/p/trade-credit-and-liquidity-management-2-4</guid><pubDate>Fri, 20 Feb 2026 16:31:43 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!G16N!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd30ec4a5-eb1c-4b30-974a-bc93ccff883a_1078x1078.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!uQ3K!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!uQ3K!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 424w, https://substackcdn.com/image/fetch/$s_!uQ3K!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 848w, https://substackcdn.com/image/fetch/$s_!uQ3K!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 1272w, https://substackcdn.com/image/fetch/$s_!uQ3K!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!uQ3K!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png" width="1344" height="256" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:256,&quot;width&quot;:1344,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:37540,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:&quot;https://tradecredit.substack.com/i/170395903?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!uQ3K!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 424w, https://substackcdn.com/image/fetch/$s_!uQ3K!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 848w, https://substackcdn.com/image/fetch/$s_!uQ3K!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 1272w, https://substackcdn.com/image/fetch/$s_!uQ3K!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 1456w" sizes="100vw" fetchpriority="high"></picture><div></div></div></a></figure></div><div class="pullquote"><p>Publisher&#8217;s Note:<em> Because this newsletter can be too long to view as an email, you may have to click "View entire message" at the bottom to access all the content.</em></p></div><h1>Featured Articles</h1><div class="digest-post-embed" data-attrs="{&quot;nodeId&quot;:&quot;28605472-179a-4f41-bc2b-d033df5a1551&quot;,&quot;caption&quot;:&quot;By Matthwe Bicik -- Businesses of all sizes face cash-flow challenges, especially when customers delay payment. Two common solutions for managing unpaid or slow-paying invoices are using a factoring company or hiring a collection agency. While both aim to help businesses recover money owed, they operate very differently and serve different financial needs...&quot;,&quot;cta&quot;:&quot;Read full story&quot;,&quot;showBylines&quot;:true,&quot;size&quot;:&quot;md&quot;,&quot;isEditorNode&quot;:true,&quot;title&quot;:&quot;The Pros &amp; Cons of Using a Factoring Company vs. a Collection Agency&quot;,&quot;publishedBylines&quot;:[],&quot;post_date&quot;:&quot;2026-02-18T16:31:10.169Z&quot;,&quot;cover_image&quot;:&quot;https://substackcdn.com/image/fetch/$s_!cgo9!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa1752c79-2d56-4300-85e9-59770524d2d3_1536x1024.png&quot;,&quot;cover_image_alt&quot;:null,&quot;canonical_url&quot;:&quot;https://tradecredit.substack.com/p/the-pros-and-cons-of-using-a-factoring-company-vs-a-collection-agency&quot;,&quot;section_name&quot;:&quot;Thought Leaders&quot;,&quot;video_upload_id&quot;:null,&quot;id&quot;:187422775,&quot;type&quot;:&quot;newsletter&quot;,&quot;reaction_count&quot;:0,&quot;comment_count&quot;:0,&quot;publication_id&quot;:3154770,&quot;publication_name&quot;:&quot;Trade Credit &amp; Liquidity Management&quot;,&quot;publication_logo_url&quot;:&quot;https://substackcdn.com/image/fetch/$s_!G16N!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd30ec4a5-eb1c-4b30-974a-bc93ccff883a_1078x1078.png&quot;,&quot;belowTheFold&quot;:false,&quot;youtube_url&quot;:null,&quot;show_links&quot;:null,&quot;feed_url&quot;:null}"></div><div class="digest-post-embed" data-attrs="{&quot;nodeId&quot;:&quot;f49deadf-ea21-4337-80a6-d5fd481f0675&quot;,&quot;caption&quot;:&quot;Anyone with sales tax management responsibility who has been subjected to an Escheatment Audit knows the potential penalty risk and expense from ignoring aged, unresolved credit balances on their books. Escheatment is the process of transferring assets to the state, based on the state law where accounts are held, going unclaimed and remaining dormant fo&#8230;&quot;,&quot;cta&quot;:&quot;Read full story&quot;,&quot;showBylines&quot;:true,&quot;size&quot;:&quot;md&quot;,&quot;isEditorNode&quot;:true,&quot;title&quot;:&quot;Manage the Two Faces of Escheatment&quot;,&quot;publishedBylines&quot;:[{&quot;id&quot;:245209178,&quot;name&quot;:&quot;Robert Shultz&quot;,&quot;bio&quot;:&quot;An acknowledged expert, author, conference speaker, trainer, and educator covering topics related to trade credit, business liquidity and working capital management with a 40 plus year career as a senior executive and order to cash consultant. &quot;,&quot;photo_url&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/ab02eb7a-123a-43d9-a18a-0be693c5f69d_1961x1961.jpeg&quot;,&quot;is_guest&quot;:false,&quot;bestseller_tier&quot;:null}],&quot;post_date&quot;:&quot;2026-02-20T13:02:22.394Z&quot;,&quot;cover_image&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/5f0fad74-9700-439c-8a22-9628e4f6d260_984x602.png&quot;,&quot;cover_image_alt&quot;:null,&quot;canonical_url&quot;:&quot;https://tradecredit.substack.com/p/manage-the-two-faces-of-escheatment&quot;,&quot;section_name&quot;:&quot;Thought Leaders&quot;,&quot;video_upload_id&quot;:null,&quot;id&quot;:180639610,&quot;type&quot;:&quot;newsletter&quot;,&quot;reaction_count&quot;:0,&quot;comment_count&quot;:0,&quot;publication_id&quot;:3154770,&quot;publication_name&quot;:&quot;Trade Credit &amp; Liquidity Management&quot;,&quot;publication_logo_url&quot;:&quot;https://substackcdn.com/image/fetch/$s_!G16N!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd30ec4a5-eb1c-4b30-974a-bc93ccff883a_1078x1078.png&quot;,&quot;belowTheFold&quot;:false,&quot;youtube_url&quot;:null,&quot;show_links&quot;:null,&quot;feed_url&quot;:null}"></div><div class="digest-post-embed" data-attrs="{&quot;nodeId&quot;:&quot;b8780fd2-ef23-408e-a570-779060e4cf2b&quot;,&quot;caption&quot;:&quot;With all my years in credit risk management, one product I&#8217;m asked about from time to time, and which has a confusing name, is &#8220;Accounts Receivable Put Option.\&quot; A &#8220;put&#8221; means the right to sell an underlying asset. It&#8217;s not about putting something somewhere physically, but rather about selling something in the financial markets...&quot;,&quot;cta&quot;:&quot;Read full story&quot;,&quot;showBylines&quot;:true,&quot;size&quot;:&quot;md&quot;,&quot;isEditorNode&quot;:true,&quot;title&quot;:&quot;AR Put Options: They&#8217;re Really Easy-Peasy to Understand&quot;,&quot;publishedBylines&quot;:[],&quot;post_date&quot;:&quot;2026-02-11T16:30:53.406Z&quot;,&quot;cover_image&quot;:&quot;https://substackcdn.com/image/fetch/$s_!siA3!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F29ff02d0-1563-4352-b65d-45b7b6192067_1536x1024.png&quot;,&quot;cover_image_alt&quot;:null,&quot;canonical_url&quot;:&quot;https://tradecredit.substack.com/p/ar-put-options-theyre-really-easy-peasy-to-understand&quot;,&quot;section_name&quot;:&quot;Thought Leaders&quot;,&quot;video_upload_id&quot;:null,&quot;id&quot;:187630171,&quot;type&quot;:&quot;newsletter&quot;,&quot;reaction_count&quot;:0,&quot;comment_count&quot;:0,&quot;publication_id&quot;:3154770,&quot;publication_name&quot;:&quot;Trade Credit &amp; Liquidity Management&quot;,&quot;publication_logo_url&quot;:&quot;https://substackcdn.com/image/fetch/$s_!G16N!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd30ec4a5-eb1c-4b30-974a-bc93ccff883a_1078x1078.png&quot;,&quot;belowTheFold&quot;:false,&quot;youtube_url&quot;:null,&quot;show_links&quot;:null,&quot;feed_url&quot;:null}"></div><div class="subscription-widget-wrap-editor" data-attrs="{&quot;url&quot;:&quot;https://tradecredit.substack.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe&quot;,&quot;language&quot;:&quot;en&quot;}" data-component-name="SubscribeWidgetToDOM"><div class="subscription-widget show-subscribe"><div class="preamble"><p class="cta-caption"><em><strong>Trade Credit &amp; Liqu&#8230;</strong></em></p></div><form class="subscription-widget-subscribe"><input type="email" class="email-input" name="email" placeholder="Type your email&#8230;" tabindex="-1"><input type="submit" class="button primary" value="Subscribe"><div class="fake-input-wrapper"><div class="fake-input"></div><div class="fake-button"></div></div></form></div></div>
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   ]]></content:encoded></item><item><title><![CDATA[Trade Credit & Liquidity Management Newsletter]]></title><description><![CDATA[Volume 2, Number 3]]></description><link>https://tradecredit.substack.com/p/trade-credit-and-liquidity-management-2-3</link><guid isPermaLink="false">https://tradecredit.substack.com/p/trade-credit-and-liquidity-management-2-3</guid><pubDate>Fri, 06 Feb 2026 16:31:23 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!G16N!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd30ec4a5-eb1c-4b30-974a-bc93ccff883a_1078x1078.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!uQ3K!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!uQ3K!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 424w, https://substackcdn.com/image/fetch/$s_!uQ3K!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 848w, https://substackcdn.com/image/fetch/$s_!uQ3K!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 1272w, https://substackcdn.com/image/fetch/$s_!uQ3K!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!uQ3K!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png" width="1344" height="256" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:256,&quot;width&quot;:1344,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:37540,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:&quot;https://tradecredit.substack.com/i/170395903?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!uQ3K!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 424w, https://substackcdn.com/image/fetch/$s_!uQ3K!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 848w, https://substackcdn.com/image/fetch/$s_!uQ3K!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 1272w, https://substackcdn.com/image/fetch/$s_!uQ3K!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 1456w" sizes="100vw" fetchpriority="high"></picture><div></div></div></a></figure></div><div class="pullquote"><p>Publisher&#8217;s Note:<em> Because this newsletter can be too long to view as an email, you may have to click "View entire message" at the bottom to access all the content.</em></p></div><h1>Featured Articles</h1><div class="digest-post-embed" data-attrs="{&quot;nodeId&quot;:&quot;43b28831-e78e-44b7-97f5-1dbd3a94a0dd&quot;,&quot;caption&quot;:&quot;By Jared Shulman ... For decades, dunning meant sending the same emails on the same schedule to every overdue account. Invoice hits 30 days? Send Template A. Still unpaid at 45 days? Send Template B. This approach scaled collection activity, but it also taught customers to ignore messages that felt robotic and out of touch.&quot;,&quot;cta&quot;:&quot;Read full story&quot;,&quot;showBylines&quot;:true,&quot;size&quot;:&quot;md&quot;,&quot;isEditorNode&quot;:true,&quot;title&quot;:&quot;How AI Is Changing Dunning for Good&quot;,&quot;publishedBylines&quot;:[],&quot;post_date&quot;:&quot;2026-01-28T16:30:48.103Z&quot;,&quot;cover_image&quot;:&quot;https://substackcdn.com/image/fetch/$s_!0d76!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa0131236-8b3a-44c9-8c5c-edae8d477667_1536x1024.png&quot;,&quot;cover_image_alt&quot;:null,&quot;canonical_url&quot;:&quot;https://tradecredit.substack.com/p/how-ai-is-changing-dunning-for-good&quot;,&quot;section_name&quot;:&quot;Thought Leaders&quot;,&quot;video_upload_id&quot;:null,&quot;id&quot;:185662100,&quot;type&quot;:&quot;newsletter&quot;,&quot;reaction_count&quot;:5,&quot;comment_count&quot;:0,&quot;publication_id&quot;:3154770,&quot;publication_name&quot;:&quot;Trade Credit &amp; Liquidity Management&quot;,&quot;publication_logo_url&quot;:&quot;https://substackcdn.com/image/fetch/$s_!G16N!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd30ec4a5-eb1c-4b30-974a-bc93ccff883a_1078x1078.png&quot;,&quot;belowTheFold&quot;:false,&quot;youtube_url&quot;:null,&quot;show_links&quot;:null,&quot;feed_url&quot;:null}"></div><div class="digest-post-embed" data-attrs="{&quot;nodeId&quot;:&quot;a264b048-bdff-4524-8f62-ca69222f5f77&quot;,&quot;caption&quot;:&quot;Trade credit leaders can use the concept of radical reinvention to turn accounts receivable (AR) from a back-office function into a catalyst for smarter, tech-enabled growth. An AR team that leans into change, data, and new ways of working will be better positioned to shape, not just absorb, a corporate technology initiative...&quot;,&quot;cta&quot;:&quot;Read full story&quot;,&quot;showBylines&quot;:true,&quot;size&quot;:&quot;md&quot;,&quot;isEditorNode&quot;:true,&quot;title&quot;:&quot;Radical Reinvention: Focusing on AR Can Shape the Future of the Digital Enterprise&quot;,&quot;publishedBylines&quot;:[{&quot;id&quot;:29053814,&quot;name&quot;:&quot;David Schmidt&quot;,&quot;bio&quot;:&quot;David Schmidt, Managing Director of A2 Resources (a consultancy focused on credit, collections and AR automation) is a 40+ year business credit executive and co-author of Power Collecting: Automation for Efficient Asset Management (Wiley, 1998).&quot;,&quot;photo_url&quot;:&quot;https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/55d9b1f0-9547-4b76-a870-583e5c9ce1d3_199x200.png&quot;,&quot;is_guest&quot;:false,&quot;bestseller_tier&quot;:null}],&quot;post_date&quot;:&quot;2026-02-04T16:32:06.244Z&quot;,&quot;cover_image&quot;:&quot;https://substackcdn.com/image/fetch/$s_!mKjF!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fac75d5d6-2d24-4a04-b38c-641cffe4c31a_1536x1024.png&quot;,&quot;cover_image_alt&quot;:null,&quot;canonical_url&quot;:&quot;https://tradecredit.substack.com/p/radical-reinvention-focusing-on-ar-can-shape-the-future-of-the-digital-enterprise&quot;,&quot;section_name&quot;:&quot;Thought Leaders&quot;,&quot;video_upload_id&quot;:null,&quot;id&quot;:182296914,&quot;type&quot;:&quot;newsletter&quot;,&quot;reaction_count&quot;:10,&quot;comment_count&quot;:1,&quot;publication_id&quot;:3154770,&quot;publication_name&quot;:&quot;Trade Credit &amp; Liquidity Management&quot;,&quot;publication_logo_url&quot;:&quot;https://substackcdn.com/image/fetch/$s_!G16N!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd30ec4a5-eb1c-4b30-974a-bc93ccff883a_1078x1078.png&quot;,&quot;belowTheFold&quot;:false,&quot;youtube_url&quot;:null,&quot;show_links&quot;:null,&quot;feed_url&quot;:null}"></div><div class="digest-post-embed" data-attrs="{&quot;nodeId&quot;:&quot;de8b473d-7c84-4ad7-86bf-f8992705c061&quot;,&quot;caption&quot;:&quot;Seeking out a mentor and becoming a mentee can be a transformative step if you are at the beginning of your career or are looking to advance either personally or professionally. Start by selecting an appropriate and effective mentor who will help guide you through the development you are looking for. 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   ]]></content:encoded></item><item><title><![CDATA[Trade Credit & Liquidity Management Newsletter]]></title><description><![CDATA[Volume 2, Number 2]]></description><link>https://tradecredit.substack.com/p/trade-credit-and-liquidity-management-2-2</link><guid isPermaLink="false">https://tradecredit.substack.com/p/trade-credit-and-liquidity-management-2-2</guid><pubDate>Fri, 23 Jan 2026 16:30:53 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!G16N!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd30ec4a5-eb1c-4b30-974a-bc93ccff883a_1078x1078.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!uQ3K!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!uQ3K!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 424w, https://substackcdn.com/image/fetch/$s_!uQ3K!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 848w, https://substackcdn.com/image/fetch/$s_!uQ3K!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 1272w, https://substackcdn.com/image/fetch/$s_!uQ3K!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!uQ3K!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png" width="1344" height="256" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:256,&quot;width&quot;:1344,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:37540,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:&quot;https://tradecredit.substack.com/i/170395903?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!uQ3K!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 424w, https://substackcdn.com/image/fetch/$s_!uQ3K!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 848w, https://substackcdn.com/image/fetch/$s_!uQ3K!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 1272w, https://substackcdn.com/image/fetch/$s_!uQ3K!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 1456w" sizes="100vw" fetchpriority="high"></picture><div></div></div></a></figure></div><div class="pullquote"><p>Publisher&#8217;s Note:<em> Because this newsletter can be too long to view as an email, you may have to click "View entire message" at the bottom to access all the content.</em></p></div><h1>Featured Articles</h1><div class="digest-post-embed" data-attrs="{&quot;nodeId&quot;:&quot;603ec8bb-3e6a-4e07-a3e0-95e81801deb4&quot;,&quot;caption&quot;:&quot;Cash conversion is improving for most large organizations entering 2026, but the gains are modest and increasingly constrained by upstream revenue architecture rather than traditional working-capital levers such as collections or term extensions. &#8220;The most damaging delays in cash conversion originate upstream, long before an invoice is issued or a payment is pursued.\&quot; &#8230;&quot;,&quot;cta&quot;:&quot;Read full story&quot;,&quot;showBylines&quot;:true,&quot;size&quot;:&quot;md&quot;,&quot;isEditorNode&quot;:true,&quot;title&quot;:&quot;Tightening the Cash Conversion Cycle in the Age of Hybrid Monetization&quot;,&quot;publishedBylines&quot;:[{&quot;id&quot;:29053814,&quot;name&quot;:&quot;David Schmidt&quot;,&quot;bio&quot;:&quot;David Schmidt, Managing Director of A2 Resources (a consultancy focused on credit, collections and AR automation) is a 40+ year business credit executive and co-author of Power Collecting: Automation for Efficient Asset Management (Wiley, 1998).&quot;,&quot;photo_url&quot;:&quot;https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/55d9b1f0-9547-4b76-a870-583e5c9ce1d3_199x200.png&quot;,&quot;is_guest&quot;:false,&quot;bestseller_tier&quot;:null}],&quot;post_date&quot;:&quot;2026-01-22T23:28:45.261Z&quot;,&quot;cover_image&quot;:&quot;https://substackcdn.com/image/fetch/$s_!3k48!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F02cb9cb1-b86c-4a4b-b380-f57854f04e55_1034x872.png&quot;,&quot;cover_image_alt&quot;:null,&quot;canonical_url&quot;:&quot;https://tradecredit.substack.com/p/tightening-the-cash-conversion-cycle-in-the-age-of-hybrid-monetization&quot;,&quot;section_name&quot;:&quot;Thought Leaders&quot;,&quot;video_upload_id&quot;:null,&quot;id&quot;:185468158,&quot;type&quot;:&quot;newsletter&quot;,&quot;reaction_count&quot;:0,&quot;comment_count&quot;:0,&quot;publication_id&quot;:3154770,&quot;publication_name&quot;:&quot;Trade Credit &amp; Liquidity Management&quot;,&quot;publication_logo_url&quot;:&quot;https://substackcdn.com/image/fetch/$s_!G16N!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd30ec4a5-eb1c-4b30-974a-bc93ccff883a_1078x1078.png&quot;,&quot;belowTheFold&quot;:false,&quot;youtube_url&quot;:null,&quot;show_links&quot;:null,&quot;feed_url&quot;:null}"></div><div class="digest-post-embed" data-attrs="{&quot;nodeId&quot;:&quot;ac2d2deb-e0e5-420b-9bc0-8ffc36ed234e&quot;,&quot;caption&quot;:&quot;In today&#8217;s complex risk environment, traditional credit bureau data (delivered as scores and reports) tells only part of the story. For corporate finance, trade credit, and treasury professionals, understanding a counterparty&#8217;s true risk profile requires more than just financial performance indicators. Global operations, regulatory requirements, and the&#8230;&quot;,&quot;cta&quot;:&quot;Read full story&quot;,&quot;showBylines&quot;:true,&quot;size&quot;:&quot;md&quot;,&quot;isEditorNode&quot;:true,&quot;title&quot;:&quot;Credit Bureaus vs. Risk Intelligence Providers: What Every Finance Professional Should Know&quot;,&quot;publishedBylines&quot;:[{&quot;id&quot;:52472432,&quot;name&quot;:&quot;Richard Ferrera&quot;,&quot;bio&quot;:&quot;I enable companies to better understand the commercial data management and business information vendor space used to evaluate credit and finance risk, supplier risk, compliance, KYC needs, counter party risk and accelerate sales and marketing.&quot;,&quot;photo_url&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/54217c60-e0a9-44c5-843e-60c543a32e74_802x802.jpeg&quot;,&quot;is_guest&quot;:false,&quot;bestseller_tier&quot;:null}],&quot;post_date&quot;:&quot;2026-01-14T16:30:35.653Z&quot;,&quot;cover_image&quot;:&quot;https://substackcdn.com/image/fetch/$s_!Iwy2!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fcc292efb-08e0-4703-815a-b1ea79aa6a3a_5120x2880.jpeg&quot;,&quot;cover_image_alt&quot;:null,&quot;canonical_url&quot;:&quot;https://tradecredit.substack.com/p/credit-bureaus-vs-risk-intelligence-providers-what-every-finance-professional-should-know&quot;,&quot;section_name&quot;:&quot;Thought Leaders&quot;,&quot;video_upload_id&quot;:null,&quot;id&quot;:173136183,&quot;type&quot;:&quot;newsletter&quot;,&quot;reaction_count&quot;:0,&quot;comment_count&quot;:1,&quot;publication_id&quot;:3154770,&quot;publication_name&quot;:&quot;Trade Credit &amp; Liquidity Management&quot;,&quot;publication_logo_url&quot;:&quot;https://substackcdn.com/image/fetch/$s_!G16N!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd30ec4a5-eb1c-4b30-974a-bc93ccff883a_1078x1078.png&quot;,&quot;belowTheFold&quot;:false,&quot;youtube_url&quot;:null,&quot;show_links&quot;:null,&quot;feed_url&quot;:null}"></div><div class="digest-post-embed" data-attrs="{&quot;nodeId&quot;:&quot;0f268df7-be4c-48c4-87ea-b15f3b347d4a&quot;,&quot;caption&quot;:&quot;Mentoring plays an essential role in any management position, especially in credit and treasury management, where staff development is key to long-term success. As a manager, fostering the growth of your team members through effective mentorship not only aids in achieving department and organizational goals but also promotes your professional satisfaction&#8230;&quot;,&quot;cta&quot;:&quot;Read full story&quot;,&quot;showBylines&quot;:true,&quot;size&quot;:&quot;md&quot;,&quot;isEditorNode&quot;:true,&quot;title&quot;:&quot;Effective Mentoring Delivers Results &quot;,&quot;publishedBylines&quot;:[{&quot;id&quot;:245209178,&quot;name&quot;:&quot;Robert Shultz&quot;,&quot;bio&quot;:&quot;An acknowledged expert, author, conference speaker, trainer, and educator covering topics related to trade credit, business liquidity and working capital management with a 40 plus year career as a senior executive and order to cash consultant. &quot;,&quot;photo_url&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/ab02eb7a-123a-43d9-a18a-0be693c5f69d_1961x1961.jpeg&quot;,&quot;is_guest&quot;:false,&quot;bestseller_tier&quot;:null}],&quot;post_date&quot;:&quot;2026-01-21T16:31:26.336Z&quot;,&quot;cover_image&quot;:&quot;https://substackcdn.com/image/fetch/$s_!rU2X!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff28245fc-08d6-4b1d-9fb9-8f5c60098cf6_5760x3840.jpeg&quot;,&quot;cover_image_alt&quot;:null,&quot;canonical_url&quot;:&quot;https://tradecredit.substack.com/p/the-benefits-of-mentoring-your-employees&quot;,&quot;section_name&quot;:&quot;Thought Leaders&quot;,&quot;video_upload_id&quot;:null,&quot;id&quot;:151117932,&quot;type&quot;:&quot;newsletter&quot;,&quot;reaction_count&quot;:2,&quot;comment_count&quot;:0,&quot;publication_id&quot;:3154770,&quot;publication_name&quot;:&quot;Trade Credit &amp; Liquidity Management&quot;,&quot;publication_logo_url&quot;:&quot;https://substackcdn.com/image/fetch/$s_!G16N!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd30ec4a5-eb1c-4b30-974a-bc93ccff883a_1078x1078.png&quot;,&quot;belowTheFold&quot;:false,&quot;youtube_url&quot;:null,&quot;show_links&quot;:null,&quot;feed_url&quot;:null}"></div><div class="subscription-widget-wrap-editor" data-attrs="{&quot;url&quot;:&quot;https://tradecredit.substack.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe&quot;,&quot;language&quot;:&quot;en&quot;}" data-component-name="SubscribeWidgetToDOM"><div class="subscription-widget show-subscribe"><div class="preamble"><p class="cta-caption"><em><strong>Trade Credit &amp; Liqu&#8230;</strong></em></p></div><form class="subscription-widget-subscribe"><input type="email" class="email-input" name="email" placeholder="Type your email&#8230;" tabindex="-1"><input type="submit" class="button primary" value="Subscribe"><div class="fake-input-wrapper"><div class="fake-input"></div><div class="fake-button"></div></div></form></div></div>
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          </a>
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   ]]></content:encoded></item><item><title><![CDATA[Trade Credit & Liquidity Management Newsletter]]></title><description><![CDATA[Volume 2, Number 1]]></description><link>https://tradecredit.substack.com/p/trade-credit-and-liquidity-management-2-1</link><guid isPermaLink="false">https://tradecredit.substack.com/p/trade-credit-and-liquidity-management-2-1</guid><pubDate>Fri, 09 Jan 2026 16:31:32 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!G16N!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd30ec4a5-eb1c-4b30-974a-bc93ccff883a_1078x1078.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!uQ3K!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!uQ3K!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 424w, https://substackcdn.com/image/fetch/$s_!uQ3K!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 848w, https://substackcdn.com/image/fetch/$s_!uQ3K!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 1272w, https://substackcdn.com/image/fetch/$s_!uQ3K!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!uQ3K!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png" width="1344" height="256" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:256,&quot;width&quot;:1344,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:37540,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:&quot;https://tradecredit.substack.com/i/170395903?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!uQ3K!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 424w, https://substackcdn.com/image/fetch/$s_!uQ3K!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 848w, https://substackcdn.com/image/fetch/$s_!uQ3K!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 1272w, https://substackcdn.com/image/fetch/$s_!uQ3K!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 1456w" sizes="100vw" fetchpriority="high"></picture><div></div></div></a></figure></div><div class="pullquote"><p>Publisher&#8217;s Note:<em> Because this newsletter can be too long to view as an email, you may have to click "View entire message" at the bottom to access all the content.</em></p></div><h1>Featured Articles</h1><div class="digest-post-embed" data-attrs="{&quot;nodeId&quot;:&quot;52b4d7f2-66d1-4b2b-a50a-56f42e956630&quot;,&quot;caption&quot;:&quot;As we enter a new year, there&#8217;s a good chance you'll be making improvements to your quote-to-cash (Q2C) process. It is also likely that those improvements will involve harnessing artificial intelligence or other automation tools. If your Q2C process relies heavily on manual intervention, you should consider making transformative changes rather than incremental&#8230; [Free Content]&quot;,&quot;cta&quot;:&quot;Read full story&quot;,&quot;showBylines&quot;:true,&quot;size&quot;:&quot;md&quot;,&quot;isEditorNode&quot;:true,&quot;title&quot;:&quot;Implementing Change in the AR Function&quot;,&quot;publishedBylines&quot;:[{&quot;id&quot;:29053814,&quot;name&quot;:&quot;David Schmidt&quot;,&quot;bio&quot;:&quot;David Schmidt, Managing Director of A2 Resources (a consultancy focused on credit, collections and AR automation) is a 40+ year business credit executive and co-author of Power Collecting: Automation for Efficient Asset Management (Wiley, 1998).&quot;,&quot;photo_url&quot;:&quot;https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/55d9b1f0-9547-4b76-a870-583e5c9ce1d3_199x200.png&quot;,&quot;is_guest&quot;:false,&quot;bestseller_tier&quot;:null}],&quot;post_date&quot;:&quot;2025-12-31T15:30:34.468Z&quot;,&quot;cover_image&quot;:&quot;https://substackcdn.com/image/fetch/$s_!MrCd!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fdd376efe-984e-4f86-95e2-f88b5423bed0_4608x3456.jpeg&quot;,&quot;cover_image_alt&quot;:null,&quot;canonical_url&quot;:&quot;https://tradecredit.substack.com/p/implementing-change-in-the-ar-function&quot;,&quot;section_name&quot;:&quot;Thought Leaders&quot;,&quot;video_upload_id&quot;:null,&quot;id&quot;:182297180,&quot;type&quot;:&quot;newsletter&quot;,&quot;reaction_count&quot;:1,&quot;comment_count&quot;:0,&quot;publication_id&quot;:3154770,&quot;publication_name&quot;:&quot;Trade Credit &amp; Liquidity Management&quot;,&quot;publication_logo_url&quot;:&quot;https://substackcdn.com/image/fetch/$s_!G16N!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd30ec4a5-eb1c-4b30-974a-bc93ccff883a_1078x1078.png&quot;,&quot;belowTheFold&quot;:false,&quot;youtube_url&quot;:null,&quot;show_links&quot;:null,&quot;feed_url&quot;:null}"></div><div class="digest-post-embed" data-attrs="{&quot;nodeId&quot;:&quot;b7acdfda-e29c-4c64-a4a8-859fd4716da5&quot;,&quot;caption&quot;:&quot;This is a Best of TCLM re-print: Successful performance requires planning. No management role is exempt. This is particularly true for Credit Managers. By its nature, the credit and collections function requires advance planning and strategies to meet aggressive targets, how best to deploy and develop staff resources, and to provide&#8230; [Free Content]&quot;,&quot;cta&quot;:&quot;Read full story&quot;,&quot;showBylines&quot;:true,&quot;size&quot;:&quot;md&quot;,&quot;isEditorNode&quot;:true,&quot;title&quot;:&quot;Twenty Action Priorities for Credit &amp; Collections Managers&quot;,&quot;publishedBylines&quot;:[{&quot;id&quot;:245209178,&quot;name&quot;:&quot;Robert Shultz&quot;,&quot;bio&quot;:&quot;An acknowledged expert, author, conference speaker, trainer, and educator covering topics related to trade credit, business liquidity and working capital management with a 40 plus year career as a senior executive and order to cash consultant. &quot;,&quot;photo_url&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/ab02eb7a-123a-43d9-a18a-0be693c5f69d_1961x1961.jpeg&quot;,&quot;is_guest&quot;:false,&quot;bestseller_tier&quot;:null}],&quot;post_date&quot;:&quot;2025-04-16T18:35:44.260Z&quot;,&quot;cover_image&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/ba086107-5537-4e4e-82e1-a224606ceaa2_3984x2656.jpeg&quot;,&quot;cover_image_alt&quot;:null,&quot;canonical_url&quot;:&quot;https://tradecredit.substack.com/p/twenty-action-priorities-for-credit&quot;,&quot;section_name&quot;:null,&quot;video_upload_id&quot;:null,&quot;id&quot;:151193143,&quot;type&quot;:&quot;newsletter&quot;,&quot;reaction_count&quot;:0,&quot;comment_count&quot;:0,&quot;publication_id&quot;:3154770,&quot;publication_name&quot;:&quot;Trade Credit &amp; Liquidity Management&quot;,&quot;publication_logo_url&quot;:&quot;https://substackcdn.com/image/fetch/$s_!G16N!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd30ec4a5-eb1c-4b30-974a-bc93ccff883a_1078x1078.png&quot;,&quot;belowTheFold&quot;:false,&quot;youtube_url&quot;:null,&quot;show_links&quot;:null,&quot;feed_url&quot;:null}"></div><div class="subscription-widget-wrap-editor" data-attrs="{&quot;url&quot;:&quot;https://tradecredit.substack.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe&quot;,&quot;language&quot;:&quot;en&quot;}" data-component-name="SubscribeWidgetToDOM"><div class="subscription-widget show-subscribe"><div class="preamble"><p class="cta-caption"><em><strong>Trade Credit &amp; Liqu&#8230;</strong></em></p></div><form class="subscription-widget-subscribe"><input type="email" class="email-input" name="email" placeholder="Type your email&#8230;" tabindex="-1"><input type="submit" class="button primary" value="Subscribe"><div class="fake-input-wrapper"><div class="fake-input"></div><div class="fake-button"></div></div></form></div></div>
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   ]]></content:encoded></item><item><title><![CDATA[Trade Credit & Liquidity Management Newsletter]]></title><description><![CDATA[Volume 1, Number 21]]></description><link>https://tradecredit.substack.com/p/trade-credit-and-liquidity-management-21</link><guid isPermaLink="false">https://tradecredit.substack.com/p/trade-credit-and-liquidity-management-21</guid><pubDate>Fri, 26 Dec 2025 16:30:29 GMT</pubDate><enclosure url="https://substack-post-media.s3.amazonaws.com/public/images/9a59ce0c-5c62-4480-93d8-2850218cc130_956x582.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!uQ3K!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!uQ3K!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 424w, https://substackcdn.com/image/fetch/$s_!uQ3K!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 848w, https://substackcdn.com/image/fetch/$s_!uQ3K!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 1272w, https://substackcdn.com/image/fetch/$s_!uQ3K!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!uQ3K!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png" width="1344" height="256" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:256,&quot;width&quot;:1344,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:37540,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:&quot;https://tradecredit.substack.com/i/170395903?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!uQ3K!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 424w, https://substackcdn.com/image/fetch/$s_!uQ3K!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 848w, https://substackcdn.com/image/fetch/$s_!uQ3K!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 1272w, https://substackcdn.com/image/fetch/$s_!uQ3K!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 1456w" sizes="100vw" fetchpriority="high"></picture><div></div></div></a></figure></div><div class="pullquote"><p>Publisher&#8217;s Note:<em> Because this newsletter can be too long to view as an email, you may have to click "View entire message" at the bottom to access all the content.</em></p></div><h1>Featured Articles</h1><div class="digest-post-embed" data-attrs="{&quot;nodeId&quot;:&quot;8422af5e-bbf2-46a7-9a48-f4c5ce4f420a&quot;,&quot;caption&quot;:&quot;The payments landscape is evolving at an unprecedented pace, shifting the goalposts for how corporate trade credit, treasury, and finance professionals manage collections and reconciliation. As we approach 2026, several converging trends, driven by regulatory mandates, technological advances, and the persistent desire to move beyond &#8230; [Free Content]&quot;,&quot;cta&quot;:&quot;Read full story&quot;,&quot;showBylines&quot;:true,&quot;size&quot;:&quot;md&quot;,&quot;isEditorNode&quot;:true,&quot;title&quot;:&quot;The Evolving Payments Ecosystem: The Impact on AR in 2026&quot;,&quot;publishedBylines&quot;:[{&quot;id&quot;:29053814,&quot;name&quot;:&quot;David Schmidt&quot;,&quot;bio&quot;:&quot;David Schmidt, Managing Director of A2 Resources (a consultancy focused on credit, collections and AR automation) is a 40+ year business credit executive and co-author of Power Collecting: Automation for Efficient Asset Management (Wiley, 1998).&quot;,&quot;photo_url&quot;:&quot;https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/55d9b1f0-9547-4b76-a870-583e5c9ce1d3_199x200.png&quot;,&quot;is_guest&quot;:false,&quot;bestseller_tier&quot;:null}],&quot;post_date&quot;:&quot;2025-12-17T16:30:42.641Z&quot;,&quot;cover_image&quot;:&quot;https://substackcdn.com/image/fetch/$s_!qoFn!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F730273e3-d454-4eae-8a05-ddd237c69eeb_2752x1536.png&quot;,&quot;cover_image_alt&quot;:null,&quot;canonical_url&quot;:&quot;https://tradecredit.substack.com/p/the-evolving-payments-ecosystem-the-impact-on-ar-in-2026&quot;,&quot;section_name&quot;:&quot;Thought Leaders&quot;,&quot;video_upload_id&quot;:null,&quot;id&quot;:181552302,&quot;type&quot;:&quot;newsletter&quot;,&quot;reaction_count&quot;:1,&quot;comment_count&quot;:0,&quot;publication_id&quot;:3154770,&quot;publication_name&quot;:&quot;Trade Credit &amp; Liquidity Management&quot;,&quot;publication_logo_url&quot;:&quot;https://substackcdn.com/image/fetch/$s_!G16N!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd30ec4a5-eb1c-4b30-974a-bc93ccff883a_1078x1078.png&quot;,&quot;belowTheFold&quot;:false,&quot;youtube_url&quot;:null,&quot;show_links&quot;:null,&quot;feed_url&quot;:null}"></div><div class="digest-post-embed" data-attrs="{&quot;nodeId&quot;:&quot;e8b6c9ba-2a9d-4d51-8f78-4828bf155fae&quot;,&quot;caption&quot;:&quot;This is a 'Best of TCLM' re-post: As inflation continues to rise and lending practices evolve, small to mid-sized businesses are facing unprecedented financial pressures. In an effort to retain customers and pursue revenue opportunities, some companies may find themselves loosening credit standards or approving higher lines of credit. Unfortunately&#8230; [Free Content]&quot;,&quot;cta&quot;:&quot;Read full story&quot;,&quot;showBylines&quot;:true,&quot;size&quot;:&quot;md&quot;,&quot;isEditorNode&quot;:true,&quot;title&quot;:&quot;Desperate Times Invite Business Fraud&quot;,&quot;publishedBylines&quot;:[{&quot;id&quot;:245209178,&quot;name&quot;:&quot;Robert Shultz&quot;,&quot;bio&quot;:&quot;An acknowledged expert, author, conference speaker, trainer, and educator covering topics related to trade credit, business liquidity and working capital management with a 40 plus year career as a senior executive and order to cash consultant. &quot;,&quot;photo_url&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/ab02eb7a-123a-43d9-a18a-0be693c5f69d_1961x1961.jpeg&quot;,&quot;is_guest&quot;:false,&quot;bestseller_tier&quot;:null}],&quot;post_date&quot;:&quot;2025-03-11T14:45:00.000Z&quot;,&quot;cover_image&quot;:&quot;https://substackcdn.com/image/fetch/$s_!Z58g!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd0c8dd33-b558-45cc-95c4-7c90d2e4c969_5179x3876.jpeg&quot;,&quot;cover_image_alt&quot;:null,&quot;canonical_url&quot;:&quot;https://tradecredit.substack.com/p/desperate-times-invite-business-fraud&quot;,&quot;section_name&quot;:null,&quot;video_upload_id&quot;:null,&quot;id&quot;:150572034,&quot;type&quot;:&quot;newsletter&quot;,&quot;reaction_count&quot;:0,&quot;comment_count&quot;:1,&quot;publication_id&quot;:3154770,&quot;publication_name&quot;:&quot;Trade Credit &amp; Liquidity Management&quot;,&quot;publication_logo_url&quot;:&quot;https://substackcdn.com/image/fetch/$s_!G16N!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd30ec4a5-eb1c-4b30-974a-bc93ccff883a_1078x1078.png&quot;,&quot;belowTheFold&quot;:false,&quot;youtube_url&quot;:null,&quot;show_links&quot;:null,&quot;feed_url&quot;:null}"></div><div class="digest-post-embed" data-attrs="{&quot;nodeId&quot;:&quot;816cb33b-d7a6-4fe9-9fae-7ae3b9a0345c&quot;,&quot;caption&quot;:&quot;This is a 'Best of TCLM' re-post that was previously behind the paywall: A properly managed Accounts Receivable (AR) portfolio is essential to maintain the liquidity your company needs to sustain its business and grow. This requires efficient and effective collection practices, a well-trained staff, and some degree of process automation. 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   ]]></content:encoded></item><item><title><![CDATA[Trade Credit & Liquidity Management Newsletter]]></title><description><![CDATA[Volume 1, Number 20]]></description><link>https://tradecredit.substack.com/p/trade-credit-and-liquidity-management-20</link><guid isPermaLink="false">https://tradecredit.substack.com/p/trade-credit-and-liquidity-management-20</guid><pubDate>Fri, 12 Dec 2025 16:45:32 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!G16N!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd30ec4a5-eb1c-4b30-974a-bc93ccff883a_1078x1078.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!uQ3K!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!uQ3K!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 424w, https://substackcdn.com/image/fetch/$s_!uQ3K!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 848w, https://substackcdn.com/image/fetch/$s_!uQ3K!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 1272w, https://substackcdn.com/image/fetch/$s_!uQ3K!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!uQ3K!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png" width="1344" height="256" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:256,&quot;width&quot;:1344,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:37540,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:&quot;https://tradecredit.substack.com/i/170395903?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!uQ3K!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 424w, https://substackcdn.com/image/fetch/$s_!uQ3K!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 848w, https://substackcdn.com/image/fetch/$s_!uQ3K!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 1272w, https://substackcdn.com/image/fetch/$s_!uQ3K!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 1456w" sizes="100vw" fetchpriority="high"></picture><div></div></div></a></figure></div><div class="pullquote"><p>Publisher&#8217;s Note:<em> Because this newsletter can be too long to view as an email, you may have to click "View entire message" at the bottom to access all the content.</em></p></div><h1>Featured Articles</h1><div class="digest-post-embed" data-attrs="{&quot;nodeId&quot;:&quot;0a5a7fda-6034-47ee-a328-460eafe05b93&quot;,&quot;caption&quot;:&quot;By Shalin Soni<br />Over the past year, a quiet but profound shift has begun to define global commerce: a sharp rise in business failures across advanced and emerging markets. 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   ]]></content:encoded></item><item><title><![CDATA[Trade Credit & Liquidity Management Newsletter]]></title><description><![CDATA[Volume 1, Number 19]]></description><link>https://tradecredit.substack.com/p/trade-credit-and-liquidity-management-19</link><guid isPermaLink="false">https://tradecredit.substack.com/p/trade-credit-and-liquidity-management-19</guid><pubDate>Fri, 28 Nov 2025 16:30:40 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!G16N!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd30ec4a5-eb1c-4b30-974a-bc93ccff883a_1078x1078.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!uQ3K!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!uQ3K!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 424w, https://substackcdn.com/image/fetch/$s_!uQ3K!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 848w, https://substackcdn.com/image/fetch/$s_!uQ3K!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 1272w, https://substackcdn.com/image/fetch/$s_!uQ3K!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!uQ3K!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png" width="1344" height="256" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:256,&quot;width&quot;:1344,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:37540,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:&quot;https://tradecredit.substack.com/i/170395903?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!uQ3K!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 424w, https://substackcdn.com/image/fetch/$s_!uQ3K!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 848w, https://substackcdn.com/image/fetch/$s_!uQ3K!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 1272w, https://substackcdn.com/image/fetch/$s_!uQ3K!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 1456w" sizes="100vw" fetchpriority="high"></picture><div></div></div></a></figure></div><div class="pullquote"><p>Publisher&#8217;s Note:<em> Because this newsletter can be too long to view as an email, you may have to click "View entire message" at the bottom to access all the content.</em></p></div><h1>Featured Articles</h1><div class="digest-post-embed" data-attrs="{&quot;nodeId&quot;:&quot;d15dce1f-35cd-45a4-b1eb-eea340884495&quot;,&quot;caption&quot;:&quot;In today&#8217;s volatile economy, data-driven credit risk management in B2B transactions is no longer optional; it&#8217;s essential. Credit scoring, historically seen as a tool reserved for consumer lending, is now a strategic asset in B2B risk management. Organizations that embrace data-driven credit risk management not only protect themselves from... [Free Content]&quot;,&quot;cta&quot;:&quot;Read full story&quot;,&quot;showBylines&quot;:true,&quot;size&quot;:&quot;md&quot;,&quot;isEditorNode&quot;:true,&quot;title&quot;:&quot;The Credit Score Advantage&quot;,&quot;publishedBylines&quot;:[],&quot;post_date&quot;:&quot;2025-11-26T16:31:36.566Z&quot;,&quot;cover_image&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/ec5637d4-170a-42ec-a109-c4e9e641ec99_852x576.png&quot;,&quot;cover_image_alt&quot;:null,&quot;canonical_url&quot;:&quot;https://tradecredit.substack.com/p/the-credit-score-advantage&quot;,&quot;section_name&quot;:null,&quot;video_upload_id&quot;:null,&quot;id&quot;:171385109,&quot;type&quot;:&quot;newsletter&quot;,&quot;reaction_count&quot;:0,&quot;comment_count&quot;:0,&quot;publication_id&quot;:3154770,&quot;publication_name&quot;:&quot;Trade Credit &amp; Liquidity Management&quot;,&quot;publication_logo_url&quot;:&quot;https://substackcdn.com/image/fetch/$s_!G16N!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd30ec4a5-eb1c-4b30-974a-bc93ccff883a_1078x1078.png&quot;,&quot;belowTheFold&quot;:false,&quot;youtube_url&quot;:null,&quot;show_links&quot;:null,&quot;feed_url&quot;:null}"></div><div class="digest-post-embed" data-attrs="{&quot;nodeId&quot;:&quot;b22b3a8b-01fe-4c77-a847-f6a28e111647&quot;,&quot;caption&quot;:&quot;Visa&#8217;s Commercial Enhanced Data Program (CEDP) is more than a new rulebook for commercial card processing. It marks a dividing line. The economics of acceptance have shifted. What you know about the transaction now determines what you pay. CEDP replaces the existing patchwork of Level 2 &amp;amp; 3 data programs with a single accuracy framework... [Free content]&quot;,&quot;cta&quot;:&quot;Read full story&quot;,&quot;showBylines&quot;:true,&quot;size&quot;:&quot;md&quot;,&quot;isEditorNode&quot;:true,&quot;title&quot;:&quot;Who wins CEDP? Those with access to the cleanest data&quot;,&quot;publishedBylines&quot;:[],&quot;post_date&quot;:&quot;2025-11-19T16:31:28.364Z&quot;,&quot;cover_image&quot;:&quot;https://substackcdn.com/image/fetch/$s_!l_Qr!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F81824d43-83fe-48a6-892d-c294d2ceacca_1852x1042.png&quot;,&quot;cover_image_alt&quot;:null,&quot;canonical_url&quot;:&quot;https://tradecredit.substack.com/p/who-wins-cedp-those-with-access-to-the-cleanest-data&quot;,&quot;section_name&quot;:null,&quot;video_upload_id&quot;:null,&quot;id&quot;:178912782,&quot;type&quot;:&quot;newsletter&quot;,&quot;reaction_count&quot;:0,&quot;comment_count&quot;:0,&quot;publication_id&quot;:3154770,&quot;publication_name&quot;:&quot;Trade Credit &amp; Liquidity Management&quot;,&quot;publication_logo_url&quot;:&quot;https://substackcdn.com/image/fetch/$s_!G16N!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd30ec4a5-eb1c-4b30-974a-bc93ccff883a_1078x1078.png&quot;,&quot;belowTheFold&quot;:false,&quot;youtube_url&quot;:null,&quot;show_links&quot;:null,&quot;feed_url&quot;:null}"></div><div class="digest-post-embed" data-attrs="{&quot;nodeId&quot;:&quot;272c110c-820a-42b4-8b23-212e36d160af&quot;,&quot;caption&quot;:&quot;Dealing with workplace stress is a topic that frequently arises. Stress comes from a variety of sources, both personal and work-related. Some stress triggers are more impactful than others: the loss of a friend or loved one, buying or selling a house, changes in your workplace, or personal or family medical issues. These set a baseline for how&#8230; [Paid Content]&quot;,&quot;cta&quot;:&quot;Read full story&quot;,&quot;showBylines&quot;:true,&quot;size&quot;:&quot;md&quot;,&quot;isEditorNode&quot;:true,&quot;title&quot;:&quot;Overcoming Toxic Workplace Stress&quot;,&quot;publishedBylines&quot;:[{&quot;id&quot;:245209178,&quot;name&quot;:&quot;Robert Shultz&quot;,&quot;bio&quot;:&quot;An acknowledged expert, author, conference speaker, trainer, and educator covering topics related to trade credit, business liquidity and working capital management with a 40 plus year career as a senior executive and order to cash consultant. &quot;,&quot;photo_url&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/ab02eb7a-123a-43d9-a18a-0be693c5f69d_1961x1961.jpeg&quot;,&quot;is_guest&quot;:false,&quot;bestseller_tier&quot;:null}],&quot;post_date&quot;:&quot;2025-11-26T20:02:21.847Z&quot;,&quot;cover_image&quot;:&quot;https://substackcdn.com/image/fetch/$s_!VT9Y!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F75bd231e-cdc4-4287-a5e0-5997230a262a_5472x3648.jpeg&quot;,&quot;cover_image_alt&quot;:null,&quot;canonical_url&quot;:&quot;https://tradecredit.substack.com/p/overcoming-toxic-workplace-stress&quot;,&quot;section_name&quot;:null,&quot;video_upload_id&quot;:null,&quot;id&quot;:151527829,&quot;type&quot;:&quot;newsletter&quot;,&quot;reaction_count&quot;:0,&quot;comment_count&quot;:0,&quot;publication_id&quot;:3154770,&quot;publication_name&quot;:&quot;Trade Credit &amp; Liquidity Management&quot;,&quot;publication_logo_url&quot;:&quot;https://substackcdn.com/image/fetch/$s_!G16N!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd30ec4a5-eb1c-4b30-974a-bc93ccff883a_1078x1078.png&quot;,&quot;belowTheFold&quot;:false,&quot;youtube_url&quot;:null,&quot;show_links&quot;:null,&quot;feed_url&quot;:null}"></div><div class="subscription-widget-wrap-editor" data-attrs="{&quot;url&quot;:&quot;https://tradecredit.substack.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe&quot;,&quot;language&quot;:&quot;en&quot;}" data-component-name="SubscribeWidgetToDOM"><div class="subscription-widget show-subscribe"><div class="preamble"><p class="cta-caption"><em><strong>Trade Credit &amp; Liqu&#8230;</strong></em></p></div><form class="subscription-widget-subscribe"><input type="email" class="email-input" name="email" placeholder="Type your email&#8230;" tabindex="-1"><input type="submit" class="button primary" value="Subscribe"><div class="fake-input-wrapper"><div class="fake-input"></div><div class="fake-button"></div></div></form></div></div>
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   ]]></content:encoded></item><item><title><![CDATA[Trade Credit & Liquidity Management Newsletter]]></title><description><![CDATA[Volume 1, Number 18]]></description><link>https://tradecredit.substack.com/p/trade-credit-and-liquidity-management-18</link><guid isPermaLink="false">https://tradecredit.substack.com/p/trade-credit-and-liquidity-management-18</guid><pubDate>Fri, 14 Nov 2025 16:30:59 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!G16N!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd30ec4a5-eb1c-4b30-974a-bc93ccff883a_1078x1078.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!uQ3K!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!uQ3K!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 424w, https://substackcdn.com/image/fetch/$s_!uQ3K!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 848w, https://substackcdn.com/image/fetch/$s_!uQ3K!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 1272w, https://substackcdn.com/image/fetch/$s_!uQ3K!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!uQ3K!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png" width="1344" height="256" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:256,&quot;width&quot;:1344,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:37540,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:&quot;https://tradecredit.substack.com/i/170395903?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!uQ3K!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 424w, https://substackcdn.com/image/fetch/$s_!uQ3K!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 848w, https://substackcdn.com/image/fetch/$s_!uQ3K!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 1272w, https://substackcdn.com/image/fetch/$s_!uQ3K!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 1456w" sizes="100vw" fetchpriority="high"></picture><div></div></div></a></figure></div><div class="pullquote"><p>Publisher&#8217;s Note:<em> Because this newsletter can be too long to view as an email, you may have to click "View entire message" at the bottom to access all the content.</em></p></div><h1>Featured Articles</h1><div class="digest-post-embed" data-attrs="{&quot;nodeId&quot;:&quot;22d0f908-9eb5-4c37-bc63-06fb139e859f&quot;,&quot;caption&quot;:&quot;By Brian Suthoff...In today&#8217;s risk-heavy business climate, Finance teams are expected to do more than close the books. They must ensure data accuracy across the systems that drive billing, collections, compliance, and reporting. One area often overlooked&#8212;Customer Master Data. A McKinsey study reported that &#8220;82% spent one or more days per week resolving master data quality issues... 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Our DSO&#8217;s in a good place, and nobody&#8217;s screaming. I don&#8217;t expect any issues with our transformation.&#8221; Six months later, at another event, she confessed that receivables were bloated, dispute volume had tripled, and the collection team was working&#8230; [Free Content]&quot;,&quot;cta&quot;:&quot;Read full story&quot;,&quot;showBylines&quot;:true,&quot;size&quot;:&quot;md&quot;,&quot;isEditorNode&quot;:true,&quot;title&quot;:&quot;Why Order-to-Cash Transformations Stall &quot;,&quot;publishedBylines&quot;:[{&quot;id&quot;:403962668,&quot;name&quot;:&quot;Ian Thompson&quot;,&quot;bio&quot;:&quot;Ian Thompson is the Founder and Principal of Clear Cycle Advisors, a consulting firm that helps companies optimize and de-risk their Order-to-Cash (O2C) operations. &quot;,&quot;photo_url&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/ba22f6a2-8abf-467e-b425-a8ba8444986e_819x819.png&quot;,&quot;is_guest&quot;:true,&quot;bestseller_tier&quot;:null,&quot;primaryPublicationSubscribeUrl&quot;:&quot;https://ian53.substack.com/subscribe?&quot;,&quot;primaryPublicationUrl&quot;:&quot;https://ian53.substack.com&quot;,&quot;primaryPublicationName&quot;:&quot;Ian's Substack&quot;,&quot;primaryPublicationId&quot;:6649719}],&quot;post_date&quot;:&quot;2025-11-05T16:30:53.070Z&quot;,&quot;cover_image&quot;:&quot;https://substackcdn.com/image/fetch/$s_!GVm0!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4de21520-f334-4b3a-bcae-e88e33f71d09_1242x698.png&quot;,&quot;cover_image_alt&quot;:null,&quot;canonical_url&quot;:&quot;https://tradecredit.substack.com/p/why-order-to-cash-transformations-stall&quot;,&quot;section_name&quot;:null,&quot;video_upload_id&quot;:null,&quot;id&quot;:177663697,&quot;type&quot;:&quot;newsletter&quot;,&quot;reaction_count&quot;:1,&quot;comment_count&quot;:0,&quot;publication_id&quot;:3154770,&quot;publication_name&quot;:&quot;Trade Credit &amp; Liquidity Management&quot;,&quot;publication_logo_url&quot;:&quot;https://substackcdn.com/image/fetch/$s_!G16N!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd30ec4a5-eb1c-4b30-974a-bc93ccff883a_1078x1078.png&quot;,&quot;belowTheFold&quot;:false,&quot;youtube_url&quot;:null,&quot;show_links&quot;:null,&quot;feed_url&quot;:null}"></div><div class="digest-post-embed" data-attrs="{&quot;nodeId&quot;:&quot;c3504011-a50f-4e62-99af-e21737c92cf9&quot;,&quot;caption&quot;:&quot;When another business wants to buy your products, they usually expect payment terms. That&#8217;s where trade credit, essentially short&#8209;term financing designed to move goods and services, not money, comes in. Unlike bank loans, trade credit exists to fuel sales, not create debt as a product. But extending it wisely requires more than a quick credit check... [Paid Content]&quot;,&quot;cta&quot;:&quot;Read full story&quot;,&quot;showBylines&quot;:true,&quot;size&quot;:&quot;md&quot;,&quot;isEditorNode&quot;:true,&quot;title&quot;:&quot;Trade Credit Fallacies: How to Avoid Costly Mistakes and Build a Resilient Credit Policy&quot;,&quot;publishedBylines&quot;:[{&quot;id&quot;:29053814,&quot;name&quot;:&quot;David Schmidt&quot;,&quot;bio&quot;:&quot;David Schmidt, Managing Director of A2 Resources (a consultancy focused on credit, collections and AR automation) is a 40+ year business credit executive and co-author of Power Collecting: Automation for Efficient Asset Management (Wiley, 1998).&quot;,&quot;photo_url&quot;:&quot;https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/55d9b1f0-9547-4b76-a870-583e5c9ce1d3_199x200.png&quot;,&quot;is_guest&quot;:false,&quot;bestseller_tier&quot;:null}],&quot;post_date&quot;:&quot;2025-11-13T16:00:07.819Z&quot;,&quot;cover_image&quot;:&quot;https://substackcdn.com/image/fetch/$s_!_R3p!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ffe52306f-16c0-4479-b3d4-a13aad44788c_6600x4950.jpeg&quot;,&quot;cover_image_alt&quot;:null,&quot;canonical_url&quot;:&quot;https://tradecredit.substack.com/p/trade-credit-fallacies-how-to-avoid-costly-mistakes-and-build-a-resilient-credit-policy&quot;,&quot;section_name&quot;:null,&quot;video_upload_id&quot;:null,&quot;id&quot;:178726165,&quot;type&quot;:&quot;newsletter&quot;,&quot;reaction_count&quot;:0,&quot;comment_count&quot;:0,&quot;publication_id&quot;:3154770,&quot;publication_name&quot;:&quot;Trade Credit &amp; Liquidity Management&quot;,&quot;publication_logo_url&quot;:&quot;https://substackcdn.com/image/fetch/$s_!G16N!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd30ec4a5-eb1c-4b30-974a-bc93ccff883a_1078x1078.png&quot;,&quot;belowTheFold&quot;:false,&quot;youtube_url&quot;:null,&quot;show_links&quot;:null,&quot;feed_url&quot;:null}"></div><div class="subscription-widget-wrap-editor" data-attrs="{&quot;url&quot;:&quot;https://tradecredit.substack.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe&quot;,&quot;language&quot;:&quot;en&quot;}" data-component-name="SubscribeWidgetToDOM"><div class="subscription-widget show-subscribe"><div class="preamble"><p class="cta-caption"><em><strong>Trade Credit &amp; Liqu&#8230;</strong></em></p></div><form class="subscription-widget-subscribe"><input type="email" class="email-input" name="email" placeholder="Type your email&#8230;" tabindex="-1"><input type="submit" class="button primary" value="Subscribe"><div class="fake-input-wrapper"><div class="fake-input"></div><div class="fake-button"></div></div></form></div></div>
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          <a href="https://tradecredit.substack.com/p/trade-credit-and-liquidity-management-18">
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   ]]></content:encoded></item><item><title><![CDATA[Trade Credit & Liquidity Management Newsletter]]></title><description><![CDATA[Volume 1, Number 17]]></description><link>https://tradecredit.substack.com/p/trade-credit-and-liquidity-management-17</link><guid isPermaLink="false">https://tradecredit.substack.com/p/trade-credit-and-liquidity-management-17</guid><pubDate>Fri, 31 Oct 2025 15:31:16 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!G16N!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd30ec4a5-eb1c-4b30-974a-bc93ccff883a_1078x1078.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!uQ3K!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!uQ3K!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 424w, https://substackcdn.com/image/fetch/$s_!uQ3K!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 848w, https://substackcdn.com/image/fetch/$s_!uQ3K!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 1272w, https://substackcdn.com/image/fetch/$s_!uQ3K!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!uQ3K!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png" width="1344" height="256" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:256,&quot;width&quot;:1344,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:37540,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:&quot;https://tradecredit.substack.com/i/170395903?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!uQ3K!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 424w, https://substackcdn.com/image/fetch/$s_!uQ3K!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 848w, https://substackcdn.com/image/fetch/$s_!uQ3K!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 1272w, https://substackcdn.com/image/fetch/$s_!uQ3K!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 1456w" sizes="100vw" fetchpriority="high"></picture><div></div></div></a></figure></div><div class="pullquote"><p>Publisher&#8217;s Note:<em> Because this newsletter can be too long to view as an email, you may have to click "View entire message" at the bottom to access all the content.</em></p></div><h1>Featured Articles</h1><div class="digest-post-embed" data-attrs="{&quot;nodeId&quot;:&quot;55c9db85-0688-4734-a732-3ae312513187&quot;,&quot;caption&quot;:&quot;When a customer files for bankruptcy protection under Subchapter V of Chapter 11, your receivable management strategy must adapt quickly. Subchapter V was designed to help small businesses reorganize their debts through a faster, less expensive process than a traditional Chapter 11. But for trade creditors, this streamlined system reduces oversight... [Free Content]&quot;,&quot;cta&quot;:&quot;Read full story&quot;,&quot;showBylines&quot;:true,&quot;size&quot;:&quot;md&quot;,&quot;isEditorNode&quot;:true,&quot;title&quot;:&quot;What Credit Managers Need to Know About Subchapter V Bankruptcies&quot;,&quot;publishedBylines&quot;:[],&quot;post_date&quot;:&quot;2025-10-22T15:30:31.462Z&quot;,&quot;cover_image&quot;:&quot;https://substackcdn.com/image/fetch/$s_!1pLc!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F2c885816-bb73-437d-b338-417a99c86808_6240x4160.jpeg&quot;,&quot;cover_image_alt&quot;:null,&quot;canonical_url&quot;:&quot;https://tradecredit.substack.com/p/what-credit-managers-need-to-know-about-subchapter-v-bankruptcies&quot;,&quot;section_name&quot;:null,&quot;video_upload_id&quot;:null,&quot;id&quot;:176643032,&quot;type&quot;:&quot;newsletter&quot;,&quot;reaction_count&quot;:2,&quot;comment_count&quot;:0,&quot;publication_id&quot;:3154770,&quot;publication_name&quot;:&quot;Trade Credit &amp; Liquidity Management&quot;,&quot;publication_logo_url&quot;:&quot;https://substackcdn.com/image/fetch/$s_!G16N!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd30ec4a5-eb1c-4b30-974a-bc93ccff883a_1078x1078.png&quot;,&quot;belowTheFold&quot;:false,&quot;youtube_url&quot;:null,&quot;show_links&quot;:null,&quot;feed_url&quot;:null}"></div><div class="digest-post-embed" data-attrs="{&quot;nodeId&quot;:&quot;5faae04c-913d-4061-afb1-ca7cfb398016&quot;,&quot;caption&quot;:&quot;Credit management has evolved far beyond simply checking boxes for risk assessment. Today&#8217;s Credit Manager sits at the crossroads of company strategy, customer relationships, and business innovation. Gone are the days when mastering the traditional Five C&#8217;s of Credit guaranteed success... [Free Preview Available]&quot;,&quot;cta&quot;:&quot;Read full story&quot;,&quot;showBylines&quot;:true,&quot;size&quot;:&quot;md&quot;,&quot;isEditorNode&quot;:true,&quot;title&quot;:&quot;The New Five C&#8217;s Driving Strategic Credit Management&quot;,&quot;publishedBylines&quot;:[{&quot;id&quot;:245209178,&quot;name&quot;:&quot;Robert Shultz&quot;,&quot;bio&quot;:&quot;An acknowledged expert, author, conference speaker, trainer, and educator covering topics related to trade credit, business liquidity and working capital management with a 40 plus year career as a senior executive and order to cash consultant. &quot;,&quot;photo_url&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/ab02eb7a-123a-43d9-a18a-0be693c5f69d_1961x1961.jpeg&quot;,&quot;is_guest&quot;:false,&quot;bestseller_tier&quot;:null}],&quot;post_date&quot;:&quot;2025-10-30T14:34:44.910Z&quot;,&quot;cover_image&quot;:&quot;https://substackcdn.com/image/fetch/$s_!ZdUw!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Feb514112-534e-4f00-815a-302001eb46b4_5656x3182.jpeg&quot;,&quot;cover_image_alt&quot;:null,&quot;canonical_url&quot;:&quot;https://tradecredit.substack.com/p/the-new-five-cs-driving-strategic-credit-management&quot;,&quot;section_name&quot;:null,&quot;video_upload_id&quot;:null,&quot;id&quot;:177519964,&quot;type&quot;:&quot;newsletter&quot;,&quot;reaction_count&quot;:0,&quot;comment_count&quot;:0,&quot;publication_id&quot;:3154770,&quot;publication_name&quot;:&quot;Trade Credit &amp; Liquidity Management&quot;,&quot;publication_logo_url&quot;:&quot;https://substackcdn.com/image/fetch/$s_!G16N!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd30ec4a5-eb1c-4b30-974a-bc93ccff883a_1078x1078.png&quot;,&quot;belowTheFold&quot;:false,&quot;youtube_url&quot;:null,&quot;show_links&quot;:null,&quot;feed_url&quot;:null}"></div><div class="digest-post-embed" data-attrs="{&quot;nodeId&quot;:&quot;777521ba-2ac3-427b-a17f-9db785b12fdc&quot;,&quot;caption&quot;:&quot;The legacy correspondent banking model, the backbone of cross-border payments for the past half-century, is under growing scrutiny for being slow, opaque, expensive, and high-risk. Built on trust and manual processes, it lacks the digital infrastructure required for today&#8217;s cross-border commerce. Rising demand for speed, visibility, and efficiency&#8230; [Free Content]&quot;,&quot;cta&quot;:&quot;Read full story&quot;,&quot;showBylines&quot;:true,&quot;size&quot;:&quot;md&quot;,&quot;isEditorNode&quot;:true,&quot;title&quot;:&quot;The Cross-Border Payment Reset: Is This the End of Correspondent Banking as We Know It?&quot;,&quot;publishedBylines&quot;:[{&quot;id&quot;:29053814,&quot;name&quot;:&quot;David Schmidt&quot;,&quot;bio&quot;:&quot;David Schmidt, Managing Director of A2 Resources (a consultancy focused on credit, collections and AR automation) is a 40+ year business credit executive and co-author of Power Collecting: Automation for Efficient Asset Management (Wiley, 1998).&quot;,&quot;photo_url&quot;:&quot;https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/55d9b1f0-9547-4b76-a870-583e5c9ce1d3_199x200.png&quot;,&quot;is_guest&quot;:false,&quot;bestseller_tier&quot;:null}],&quot;post_date&quot;:&quot;2025-10-29T15:31:18.259Z&quot;,&quot;cover_image&quot;:&quot;https://substackcdn.com/image/fetch/$s_!dT1x!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fe3f6bae8-d872-49ed-a092-8376c0cd7395_6000x4000.jpeg&quot;,&quot;cover_image_alt&quot;:null,&quot;canonical_url&quot;:&quot;https://tradecredit.substack.com/p/the-cross-border-payment-reset-is-this-the-end-of-correspondent-banking&quot;,&quot;section_name&quot;:null,&quot;video_upload_id&quot;:null,&quot;id&quot;:167218758,&quot;type&quot;:&quot;newsletter&quot;,&quot;reaction_count&quot;:0,&quot;comment_count&quot;:0,&quot;publication_id&quot;:3154770,&quot;publication_name&quot;:&quot;Trade Credit &amp; Liquidity Management&quot;,&quot;publication_logo_url&quot;:&quot;https://substackcdn.com/image/fetch/$s_!G16N!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd30ec4a5-eb1c-4b30-974a-bc93ccff883a_1078x1078.png&quot;,&quot;belowTheFold&quot;:false,&quot;youtube_url&quot;:null,&quot;show_links&quot;:null,&quot;feed_url&quot;:null}"></div><p></p><div class="subscription-widget-wrap-editor" data-attrs="{&quot;url&quot;:&quot;https://tradecredit.substack.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe&quot;,&quot;language&quot;:&quot;en&quot;}" data-component-name="SubscribeWidgetToDOM"><div class="subscription-widget show-subscribe"><div class="preamble"><p class="cta-caption"><em><strong>Trade Credit &amp; Liqu&#8230;</strong></em></p></div><form class="subscription-widget-subscribe"><input type="email" class="email-input" name="email" placeholder="Type your email&#8230;" tabindex="-1"><input type="submit" class="button primary" value="Subscribe"><div class="fake-input-wrapper"><div class="fake-input"></div><div class="fake-button"></div></div></form></div></div>
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   ]]></content:encoded></item><item><title><![CDATA[Trade Credit & Liquidity Management Newsletter]]></title><description><![CDATA[Volume 1, Number 16]]></description><link>https://tradecredit.substack.com/p/trade-credit-and-liquidity-management-newsletter-16</link><guid isPermaLink="false">https://tradecredit.substack.com/p/trade-credit-and-liquidity-management-newsletter-16</guid><pubDate>Fri, 17 Oct 2025 15:31:17 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!G16N!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd30ec4a5-eb1c-4b30-974a-bc93ccff883a_1078x1078.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!uQ3K!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!uQ3K!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 424w, https://substackcdn.com/image/fetch/$s_!uQ3K!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 848w, https://substackcdn.com/image/fetch/$s_!uQ3K!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 1272w, https://substackcdn.com/image/fetch/$s_!uQ3K!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!uQ3K!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png" width="1344" height="256" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:256,&quot;width&quot;:1344,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:37540,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:&quot;https://tradecredit.substack.com/i/170395903?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!uQ3K!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 424w, https://substackcdn.com/image/fetch/$s_!uQ3K!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 848w, https://substackcdn.com/image/fetch/$s_!uQ3K!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 1272w, https://substackcdn.com/image/fetch/$s_!uQ3K!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 1456w" sizes="100vw" fetchpriority="high"></picture><div></div></div></a></figure></div><div class="pullquote"><p>Publisher&#8217;s Note:<em> Because this newsletter can be too long to view as an email, you may have to click on "View entire message" at the bottom to access all the content.</em></p></div><h1>Featured Articles</h1><div class="digest-post-embed" data-attrs="{&quot;nodeId&quot;:&quot;4809d98f-9f32-45c5-9012-d7f36a2624e6&quot;,&quot;caption&quot;:&quot;For decades, the credit department has carried a reputation as the &#8220;sales prevention&#8221; team &#8212; focused mainly on blocking bad deals rather than driving new business. But in today&#8217;s fast-moving commercial environment, credit teams are increasingly expected to show how they contribute to growth and profitability... [Free Content]&quot;,&quot;cta&quot;:&quot;Read full story&quot;,&quot;showBylines&quot;:true,&quot;size&quot;:&quot;md&quot;,&quot;isEditorNode&quot;:true,&quot;title&quot;:&quot;Q4 Crunch Time: Can Your Credit Team Deliver Profits Before Year-End?&quot;,&quot;publishedBylines&quot;:[],&quot;post_date&quot;:&quot;2025-10-15T15:30:54.408Z&quot;,&quot;cover_image&quot;:&quot;https://substackcdn.com/image/fetch/$s_!jhW8!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F79cc2c7c-9215-4323-99eb-4d516177f18c_600x418.png&quot;,&quot;cover_image_alt&quot;:null,&quot;canonical_url&quot;:&quot;https://tradecredit.substack.com/p/q4-crunch-time-can-your-credit-team-deliver-profits-before-year-end&quot;,&quot;section_name&quot;:null,&quot;video_upload_id&quot;:null,&quot;id&quot;:175738467,&quot;type&quot;:&quot;newsletter&quot;,&quot;reaction_count&quot;:0,&quot;comment_count&quot;:0,&quot;publication_id&quot;:3154770,&quot;publication_name&quot;:&quot;Trade Credit &amp; Liquidity Management&quot;,&quot;publication_logo_url&quot;:&quot;https://substackcdn.com/image/fetch/$s_!G16N!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd30ec4a5-eb1c-4b30-974a-bc93ccff883a_1078x1078.png&quot;,&quot;belowTheFold&quot;:false,&quot;youtube_url&quot;:null,&quot;show_links&quot;:null,&quot;feed_url&quot;:null}"></div><div class="digest-post-embed" data-attrs="{&quot;nodeId&quot;:&quot;8c5f03df-c647-4ccf-acf7-3b5c9df95447&quot;,&quot;caption&quot;:&quot;In a world where corporations process millions of credit applications daily, the margin between profit and loss often hinges on the quality of the credit decisions being made. Traditional credit assessment methods, while foundational, increasingly struggle to keep pace with the complexity of modern financial landscapes, from rapidly changing economic&#8230; [Free Content]&quot;,&quot;cta&quot;:&quot;Read full story&quot;,&quot;showBylines&quot;:true,&quot;size&quot;:&quot;md&quot;,&quot;isEditorNode&quot;:true,&quot;title&quot;:&quot;What to Look for When Evaluating AI Powered Credit Tools&quot;,&quot;publishedBylines&quot;:[{&quot;id&quot;:245209178,&quot;name&quot;:&quot;Robert Shultz&quot;,&quot;bio&quot;:&quot;An acknowledged expert, author, conference speaker, trainer, and educator covering topics related to trade credit, business liquidity and working capital management with a 40 plus year career as a senior executive and order to cash consultant. &quot;,&quot;photo_url&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/ab02eb7a-123a-43d9-a18a-0be693c5f69d_1961x1961.jpeg&quot;,&quot;is_guest&quot;:false,&quot;bestseller_tier&quot;:null}],&quot;post_date&quot;:&quot;2025-10-13T18:33:09.707Z&quot;,&quot;cover_image&quot;:&quot;https://substackcdn.com/image/fetch/$s_!alFA!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd0d80d88-308c-4ab1-8d65-6db5374db8e2_7680x4320.jpeg&quot;,&quot;cover_image_alt&quot;:null,&quot;canonical_url&quot;:&quot;https://tradecredit.substack.com/p/what-to-look-for-when-evaluating-ai-powered-credit-tools&quot;,&quot;section_name&quot;:null,&quot;video_upload_id&quot;:null,&quot;id&quot;:151191369,&quot;type&quot;:&quot;newsletter&quot;,&quot;reaction_count&quot;:0,&quot;comment_count&quot;:0,&quot;publication_id&quot;:3154770,&quot;publication_name&quot;:&quot;Trade Credit &amp; Liquidity Management&quot;,&quot;publication_logo_url&quot;:&quot;https://substackcdn.com/image/fetch/$s_!G16N!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd30ec4a5-eb1c-4b30-974a-bc93ccff883a_1078x1078.png&quot;,&quot;belowTheFold&quot;:false,&quot;youtube_url&quot;:null,&quot;show_links&quot;:null,&quot;feed_url&quot;:null}"></div><div class="digest-post-embed" data-attrs="{&quot;nodeId&quot;:&quot;ae0498e2-e2a0-47b4-bf49-adc1eef67270&quot;,&quot;caption&quot;:&quot;If you are like me, you see meetings as a major impediment to personal productivity. For one thing, meetings can consume large chunks of the workday day leaving us with less time to handle our daily routine. While much has been written about making meetings more effective and productive, the deleterious impact of more insidious interruptions on personal productivity is often overlooked.&#8230; [Paid Content]&quot;,&quot;cta&quot;:&quot;Read full story&quot;,&quot;showBylines&quot;:true,&quot;size&quot;:&quot;md&quot;,&quot;isEditorNode&quot;:true,&quot;title&quot;:&quot;Want to Increase Productivity? Declare War on Interruptions!&quot;,&quot;publishedBylines&quot;:[{&quot;id&quot;:29053814,&quot;name&quot;:&quot;David Schmidt&quot;,&quot;bio&quot;:&quot;David Schmidt, Managing Director of A2 Resources (a consultancy focused on credit, collections and AR automation) is a 40+ year business credit executive and co-author of Power Collecting: Automation for Efficient Asset Management (Wiley, 1998).&quot;,&quot;photo_url&quot;:&quot;https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/55d9b1f0-9547-4b76-a870-583e5c9ce1d3_199x200.png&quot;,&quot;is_guest&quot;:false,&quot;bestseller_tier&quot;:null}],&quot;post_date&quot;:&quot;2025-10-16T14:28:33.187Z&quot;,&quot;cover_image&quot;:&quot;https://substackcdn.com/image/fetch/$s_!fx7W!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F026130b5-f75b-4780-a357-599503c68689_3840x2160.jpeg&quot;,&quot;cover_image_alt&quot;:null,&quot;canonical_url&quot;:&quot;https://tradecredit.substack.com/p/want-to-increase-productivity-declare-war-on-interruptions&quot;,&quot;section_name&quot;:null,&quot;video_upload_id&quot;:null,&quot;id&quot;:176328510,&quot;type&quot;:&quot;newsletter&quot;,&quot;reaction_count&quot;:0,&quot;comment_count&quot;:0,&quot;publication_id&quot;:3154770,&quot;publication_name&quot;:&quot;Trade Credit &amp; Liquidity Management&quot;,&quot;publication_logo_url&quot;:&quot;https://substackcdn.com/image/fetch/$s_!G16N!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd30ec4a5-eb1c-4b30-974a-bc93ccff883a_1078x1078.png&quot;,&quot;belowTheFold&quot;:false,&quot;youtube_url&quot;:null,&quot;show_links&quot;:null,&quot;feed_url&quot;:null}"></div><div class="subscription-widget-wrap-editor" data-attrs="{&quot;url&quot;:&quot;https://tradecredit.substack.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe&quot;,&quot;language&quot;:&quot;en&quot;}" data-component-name="SubscribeWidgetToDOM"><div class="subscription-widget show-subscribe"><div class="preamble"><p class="cta-caption"><em><strong>Trade Credit &amp; L&#8230;</strong></em></p></div><form class="subscription-widget-subscribe"><input type="email" class="email-input" name="email" placeholder="Type your email&#8230;" tabindex="-1"><input type="submit" class="button primary" value="Subscribe"><div class="fake-input-wrapper"><div class="fake-input"></div><div class="fake-button"></div></div></form></div></div>
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   ]]></content:encoded></item><item><title><![CDATA[Trade Credit & Liquidity Management Newsletter]]></title><description><![CDATA[Volume 1, Number 15]]></description><link>https://tradecredit.substack.com/p/trade-credit-and-liquidity-management-newsletter-15</link><guid isPermaLink="false">https://tradecredit.substack.com/p/trade-credit-and-liquidity-management-newsletter-15</guid><pubDate>Thu, 02 Oct 2025 19:02:07 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!G16N!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd30ec4a5-eb1c-4b30-974a-bc93ccff883a_1078x1078.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!uQ3K!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!uQ3K!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 424w, https://substackcdn.com/image/fetch/$s_!uQ3K!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 848w, https://substackcdn.com/image/fetch/$s_!uQ3K!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 1272w, https://substackcdn.com/image/fetch/$s_!uQ3K!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!uQ3K!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png" width="1344" height="256" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:256,&quot;width&quot;:1344,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:37540,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:&quot;https://tradecredit.substack.com/i/170395903?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!uQ3K!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 424w, https://substackcdn.com/image/fetch/$s_!uQ3K!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 848w, https://substackcdn.com/image/fetch/$s_!uQ3K!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 1272w, https://substackcdn.com/image/fetch/$s_!uQ3K!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 1456w" sizes="100vw" fetchpriority="high"></picture><div></div></div></a></figure></div><div class="pullquote"><p><em><strong>Publisher&#8217;s Note:</strong> Because this newsletter might be too long to view in an email, you may have to click on "View entire message" to access all the content.</em></p></div><h1>Featured Articles</h1><div class="digest-post-embed" data-attrs="{&quot;nodeId&quot;:&quot;653c8d3a-8133-4dde-816f-903a475ca66f&quot;,&quot;caption&quot;:&quot;The architecture of the modern financial system stands on pillars that are at once potent and perilous: faith, credit, and leverage. While monetary innovation and the expansion of credit have fueled unprecedented global prosperity, these same forces have driven societies to the brink of systemic instability. As new money is created and debt levels rise... [Free Content]&quot;,&quot;cta&quot;:&quot;Read full story&quot;,&quot;showBylines&quot;:true,&quot;size&quot;:&quot;md&quot;,&quot;isEditorNode&quot;:true,&quot;title&quot;:&quot;What Is Money?&quot;,&quot;publishedBylines&quot;:[],&quot;post_date&quot;:&quot;2025-10-01T13:26:34.711Z&quot;,&quot;cover_image&quot;:&quot;https://substackcdn.com/image/fetch/$s_!Sr9J!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F69eedc8d-1a57-4352-ab14-578d805f2399_5472x3648.jpeg&quot;,&quot;cover_image_alt&quot;:null,&quot;canonical_url&quot;:&quot;https://tradecredit.substack.com/p/what-is-money&quot;,&quot;section_name&quot;:null,&quot;video_upload_id&quot;:null,&quot;id&quot;:174972115,&quot;type&quot;:&quot;newsletter&quot;,&quot;reaction_count&quot;:0,&quot;comment_count&quot;:0,&quot;publication_id&quot;:3154770,&quot;publication_name&quot;:&quot;Trade Credit &amp; Liquidity Management&quot;,&quot;publication_logo_url&quot;:&quot;https://substackcdn.com/image/fetch/$s_!G16N!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd30ec4a5-eb1c-4b30-974a-bc93ccff883a_1078x1078.png&quot;,&quot;belowTheFold&quot;:false,&quot;youtube_url&quot;:null,&quot;show_links&quot;:null,&quot;feed_url&quot;:null}"></div><div class="digest-post-embed" data-attrs="{&quot;nodeId&quot;:&quot;0b52f92f-f6b3-4739-bfcf-37e0650edf81&quot;,&quot;caption&quot;:&quot;Accounts Receivable (AR) require active management. Laissez-faire doesn&#8217;t cut it. In fact, a hands-off approach will only serve to compound the weaknesses in your quote-to-cash (Q2C) process. Any Q2C friction that results will ultimately harm AR performance... [Paid Content]&quot;,&quot;cta&quot;:&quot;Read full story&quot;,&quot;showBylines&quot;:true,&quot;size&quot;:&quot;md&quot;,&quot;isEditorNode&quot;:true,&quot;title&quot;:&quot;Ten Reasons Your AR Portfolio May Be Under-Performing&quot;,&quot;publishedBylines&quot;:[{&quot;id&quot;:29053814,&quot;name&quot;:&quot;David Schmidt&quot;,&quot;bio&quot;:&quot;David Schmidt, Managing Director of A2 Resources (a consultancy focused on credit, collections and AR automation) is a 40+ year business credit executive and co-author of Power Collecting: Automation for Efficient Asset Management (Wiley, 1998).&quot;,&quot;photo_url&quot;:&quot;https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/55d9b1f0-9547-4b76-a870-583e5c9ce1d3_199x200.png&quot;,&quot;is_guest&quot;:false,&quot;bestseller_tier&quot;:null}],&quot;post_date&quot;:&quot;2025-10-01T13:32:38.779Z&quot;,&quot;cover_image&quot;:&quot;https://substackcdn.com/image/fetch/$s_!Og3A!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb64f4626-e591-49fb-90b7-3d19a2de3557_5184x3456.jpeg&quot;,&quot;cover_image_alt&quot;:null,&quot;canonical_url&quot;:&quot;https://tradecredit.substack.com/p/ten-reasons-your-ar-portfolio-may-be-underperforming&quot;,&quot;section_name&quot;:null,&quot;video_upload_id&quot;:null,&quot;id&quot;:174938459,&quot;type&quot;:&quot;newsletter&quot;,&quot;reaction_count&quot;:0,&quot;comment_count&quot;:0,&quot;publication_id&quot;:3154770,&quot;publication_name&quot;:&quot;Trade Credit &amp; Liquidity Management&quot;,&quot;publication_logo_url&quot;:&quot;https://substackcdn.com/image/fetch/$s_!G16N!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd30ec4a5-eb1c-4b30-974a-bc93ccff883a_1078x1078.png&quot;,&quot;belowTheFold&quot;:false,&quot;youtube_url&quot;:null,&quot;show_links&quot;:null,&quot;feed_url&quot;:null}"></div><div class="digest-post-embed" data-attrs="{&quot;nodeId&quot;:&quot;2742ca6b-4ea6-47bc-870c-6b74ca83c139&quot;,&quot;caption&quot;:&quot;Credit Department staff members must work under pressure to meet objectives. 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[Paid Content]&quot;,&quot;cta&quot;:&quot;Read full story&quot;,&quot;showBylines&quot;:true,&quot;size&quot;:&quot;md&quot;,&quot;isEditorNode&quot;:true,&quot;title&quot;:&quot;Are You Looking to Hire? &quot;,&quot;publishedBylines&quot;:[{&quot;id&quot;:245209178,&quot;name&quot;:&quot;Robert Shultz&quot;,&quot;bio&quot;:&quot;An acknowledged expert, author, conference speaker, trainer, and educator covering topics related to trade credit, business liquidity and working capital management with a 40 plus year career as a senior executive and order to cash consultant. &quot;,&quot;photo_url&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/ab02eb7a-123a-43d9-a18a-0be693c5f69d_1961x1961.jpeg&quot;,&quot;is_guest&quot;:false,&quot;bestseller_tier&quot;:null}],&quot;post_date&quot;:&quot;2025-09-30T14:49:01.160Z&quot;,&quot;cover_image&quot;:&quot;https://substackcdn.com/image/fetch/$s_!izdP!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F40548f62-7f1f-4385-9401-daec0869ee04_1910x1276.jpeg&quot;,&quot;cover_image_alt&quot;:null,&quot;canonical_url&quot;:&quot;https://tradecredit.substack.com/p/are-you-looking-to-hire-credit-department-staff&quot;,&quot;section_name&quot;:null,&quot;video_upload_id&quot;:null,&quot;id&quot;:151723670,&quot;type&quot;:&quot;newsletter&quot;,&quot;reaction_count&quot;:0,&quot;comment_count&quot;:0,&quot;publication_id&quot;:3154770,&quot;publication_name&quot;:&quot;Trade Credit &amp; Liquidity Management&quot;,&quot;publication_logo_url&quot;:&quot;https://substackcdn.com/image/fetch/$s_!G16N!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd30ec4a5-eb1c-4b30-974a-bc93ccff883a_1078x1078.png&quot;,&quot;belowTheFold&quot;:false,&quot;youtube_url&quot;:null,&quot;show_links&quot;:null,&quot;feed_url&quot;:null}"></div><div class="subscription-widget-wrap-editor" data-attrs="{&quot;url&quot;:&quot;https://tradecredit.substack.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe&quot;,&quot;language&quot;:&quot;en&quot;}" data-component-name="SubscribeWidgetToDOM"><div class="subscription-widget show-subscribe"><div class="preamble"><p class="cta-caption"><em><strong>Trade Credit &amp; Liquidity Man&#8230;</strong></em></p></div><form class="subscription-widget-subscribe"><input type="email" class="email-input" name="email" placeholder="Type your email&#8230;" tabindex="-1"><input type="submit" class="button primary" value="Subscribe"><div class="fake-input-wrapper"><div class="fake-input"></div><div class="fake-button"></div></div></form></div></div>
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   ]]></content:encoded></item><item><title><![CDATA[Trade Credit & Liquidity Management Newsletter]]></title><description><![CDATA[Volume 1, Number 14]]></description><link>https://tradecredit.substack.com/p/trade-credit-and-liquidity-management-newsletter-14</link><guid isPermaLink="false">https://tradecredit.substack.com/p/trade-credit-and-liquidity-management-newsletter-14</guid><pubDate>Thu, 18 Sep 2025 19:00:41 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!G16N!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd30ec4a5-eb1c-4b30-974a-bc93ccff883a_1078x1078.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!uQ3K!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!uQ3K!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 424w, https://substackcdn.com/image/fetch/$s_!uQ3K!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 848w, https://substackcdn.com/image/fetch/$s_!uQ3K!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 1272w, https://substackcdn.com/image/fetch/$s_!uQ3K!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!uQ3K!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png" width="1344" height="256" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:256,&quot;width&quot;:1344,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:37540,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:&quot;https://tradecredit.substack.com/i/170395903?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!uQ3K!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 424w, https://substackcdn.com/image/fetch/$s_!uQ3K!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 848w, https://substackcdn.com/image/fetch/$s_!uQ3K!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 1272w, https://substackcdn.com/image/fetch/$s_!uQ3K!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 1456w" sizes="100vw" fetchpriority="high"></picture><div></div></div></a></figure></div><div class="pullquote"><p><em><strong>Publisher&#8217;s Note:</strong> Because this newsletter might be too long to view in an email, you may have to click on "View entire message" to access all the content.</em></p></div><h1>Featured Articles</h1><div class="digest-post-embed" data-attrs="{&quot;nodeId&quot;:&quot;047fd167-fb56-4707-9122-021345ed2d6c&quot;,&quot;caption&quot;:&quot;In my travels as a 25-plus-year credit professional and as a working capital management consultant for the past 20 years, I find that although most credit managers ultimately use third-party collection agencies, they often fail to use them effectively or have them play a key role in their overall collection strategy... 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   ]]></content:encoded></item><item><title><![CDATA[Trade Credit & Liquidity Management Newsletter]]></title><description><![CDATA[Volume 1, Number 13]]></description><link>https://tradecredit.substack.com/p/trade-credit-and-liquidity-management-13</link><guid isPermaLink="false">https://tradecredit.substack.com/p/trade-credit-and-liquidity-management-13</guid><pubDate>Thu, 04 Sep 2025 19:01:21 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!G16N!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd30ec4a5-eb1c-4b30-974a-bc93ccff883a_1078x1078.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!uQ3K!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!uQ3K!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 424w, https://substackcdn.com/image/fetch/$s_!uQ3K!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 848w, https://substackcdn.com/image/fetch/$s_!uQ3K!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 1272w, https://substackcdn.com/image/fetch/$s_!uQ3K!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!uQ3K!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png" width="1344" height="256" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:256,&quot;width&quot;:1344,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:37540,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:&quot;https://tradecredit.substack.com/i/170395903?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!uQ3K!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 424w, https://substackcdn.com/image/fetch/$s_!uQ3K!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 848w, https://substackcdn.com/image/fetch/$s_!uQ3K!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 1272w, https://substackcdn.com/image/fetch/$s_!uQ3K!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 1456w" sizes="100vw" fetchpriority="high"></picture><div></div></div></a></figure></div><div class="pullquote"><p><em><strong>Publisher&#8217;s Note:</strong> Because this newsletter might be too long to view in an email, you may have to click on "View entire message" to access all the content.</em></p></div><h1>Featured Articles</h1><div class="digest-post-embed" data-attrs="{&quot;nodeId&quot;:&quot;ed215971-0a7c-4776-8d52-ed341c4865cf&quot;,&quot;caption&quot;:&quot;If you're handling Accounts Receivable (AR) and you don't have a hardwired, well-defined path for dispute resolution, you're throwing money (and credibility) in the trash. Most companies treat disputes like billing hiccups. I hear it all the time. They're not. They're trust signals, process failures, and moments that determine whether you get paid or get stuck... [Free Content]&quot;,&quot;cta&quot;:&quot;Read full story&quot;,&quot;showBylines&quot;:true,&quot;size&quot;:&quot;md&quot;,&quot;isEditorNode&quot;:true,&quot;title&quot;:&quot;The Role of Dispute Management in Accounts Receivable&quot;,&quot;publishedBylines&quot;:[],&quot;post_date&quot;:&quot;2025-09-04T14:23:33.480Z&quot;,&quot;cover_image&quot;:&quot;https://substackcdn.com/image/fetch/$s_!BoJ8!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ffbd9fa85-f550-4a87-9621-262a68aa8820_4773x3182.jpeg&quot;,&quot;cover_image_alt&quot;:null,&quot;canonical_url&quot;:&quot;https://tradecredit.substack.com/p/the-role-of-dispute-management-in-accounts-receivable&quot;,&quot;section_name&quot;:null,&quot;video_upload_id&quot;:null,&quot;id&quot;:172586470,&quot;type&quot;:&quot;newsletter&quot;,&quot;reaction_count&quot;:0,&quot;comment_count&quot;:0,&quot;publication_id&quot;:null,&quot;publication_name&quot;:&quot;Trade Credit &amp; Liquidity Management&quot;,&quot;publication_logo_url&quot;:&quot;https://substackcdn.com/image/fetch/$s_!G16N!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd30ec4a5-eb1c-4b30-974a-bc93ccff883a_1078x1078.png&quot;,&quot;belowTheFold&quot;:false,&quot;youtube_url&quot;:null,&quot;show_links&quot;:null,&quot;feed_url&quot;:null}"></div><div class="digest-post-embed" data-attrs="{&quot;nodeId&quot;:&quot;09825d10-8b6f-469c-bade-7d086e09ee17&quot;,&quot;caption&quot;:&quot;Macroeconomic trends are crucial for trade creditors when making credit decisions, forecasting cash, and understanding the vitality of their accounts receivable portfolio. Positive and negative economic trends have a significant impact on the overall business environment and financial health of companies. Changes in those trends can directly affect a ... [Paid Content]&quot;,&quot;cta&quot;:&quot;Read full story&quot;,&quot;showBylines&quot;:true,&quot;size&quot;:&quot;md&quot;,&quot;isEditorNode&quot;:true,&quot;title&quot;:&quot;Winners and Losers in an Inflationary Economy: What Trade Creditors Must Know&quot;,&quot;publishedBylines&quot;:[{&quot;id&quot;:245209178,&quot;name&quot;:&quot;Robert Shultz&quot;,&quot;bio&quot;:&quot;An acknowledged expert, author, conference speaker, trainer, and educator covering topics related to trade credit, business liquidity and working capital management with a 40 plus year career as a senior executive and order to cash consultant. &quot;,&quot;photo_url&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/ab02eb7a-123a-43d9-a18a-0be693c5f69d_1961x1961.jpeg&quot;,&quot;is_guest&quot;:false,&quot;bestseller_tier&quot;:null}],&quot;post_date&quot;:&quot;2025-09-02T13:58:30.869Z&quot;,&quot;cover_image&quot;:&quot;https://substackcdn.com/image/fetch/$s_!bVza!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F1a5e4ff6-6bcc-4410-9c91-e13798c6caee_559x372.png&quot;,&quot;cover_image_alt&quot;:null,&quot;canonical_url&quot;:&quot;https://tradecredit.substack.com/p/winners-and-losers-in-an-inflationary-economy&quot;,&quot;section_name&quot;:null,&quot;video_upload_id&quot;:null,&quot;id&quot;:171337593,&quot;type&quot;:&quot;newsletter&quot;,&quot;reaction_count&quot;:0,&quot;comment_count&quot;:0,&quot;publication_id&quot;:null,&quot;publication_name&quot;:&quot;Trade Credit &amp; Liquidity Management&quot;,&quot;publication_logo_url&quot;:&quot;https://substackcdn.com/image/fetch/$s_!G16N!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd30ec4a5-eb1c-4b30-974a-bc93ccff883a_1078x1078.png&quot;,&quot;belowTheFold&quot;:false,&quot;youtube_url&quot;:null,&quot;show_links&quot;:null,&quot;feed_url&quot;:null}"></div><div class="digest-post-embed" data-attrs="{&quot;nodeId&quot;:&quot;d208d089-f31b-4c76-8591-0a9cdfa338bd&quot;,&quot;caption&quot;:&quot;The stablecoin market has rapidly grown to an all-time high of approximately $280 billion in 2025, having doubled in size since early 2023. This explosive growth is driven by increasing mainstream adoption, improved regulatory clarity, such as the U.S. GENIUS Act providing a federal framework, and the expanding use of stablecoins for fast, low-cost global payments... [Paid Content]&quot;,&quot;cta&quot;:&quot;Read full story&quot;,&quot;showBylines&quot;:true,&quot;size&quot;:&quot;md&quot;,&quot;isEditorNode&quot;:true,&quot;title&quot;:&quot;The New Hybrid Payment Ecosystem: Stablecoins Meet Legacy Networks&quot;,&quot;publishedBylines&quot;:[{&quot;id&quot;:29053814,&quot;name&quot;:&quot;David Schmidt&quot;,&quot;bio&quot;:&quot;David Schmidt, Managing Director of A2 Resources (a consultancy focused on credit, collections and AR automation) is a 40+ year business credit executive and co-author of Power Collecting: Automation for Efficient Asset Management (Wiley, 1998).&quot;,&quot;photo_url&quot;:&quot;https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/55d9b1f0-9547-4b76-a870-583e5c9ce1d3_199x200.png&quot;,&quot;is_guest&quot;:false,&quot;bestseller_tier&quot;:null}],&quot;post_date&quot;:&quot;2025-09-04T17:56:59.589Z&quot;,&quot;cover_image&quot;:&quot;https://substackcdn.com/image/fetch/$s_!pcA3!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F3c01da12-83ba-490a-8da7-8814de761055_3872x2592.jpeg&quot;,&quot;cover_image_alt&quot;:null,&quot;canonical_url&quot;:&quot;https://tradecredit.substack.com/p/the-new-hybrid-payment-ecosystem-stablecooins-meet-legacy-networks&quot;,&quot;section_name&quot;:null,&quot;video_upload_id&quot;:null,&quot;id&quot;:171015771,&quot;type&quot;:&quot;newsletter&quot;,&quot;reaction_count&quot;:0,&quot;comment_count&quot;:0,&quot;publication_id&quot;:null,&quot;publication_name&quot;:&quot;Trade Credit &amp; Liquidity Management&quot;,&quot;publication_logo_url&quot;:&quot;https://substackcdn.com/image/fetch/$s_!G16N!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd30ec4a5-eb1c-4b30-974a-bc93ccff883a_1078x1078.png&quot;,&quot;belowTheFold&quot;:false,&quot;youtube_url&quot;:null,&quot;show_links&quot;:null,&quot;feed_url&quot;:null}"></div><div class="subscription-widget-wrap-editor" data-attrs="{&quot;url&quot;:&quot;https://tradecredit.substack.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe&quot;,&quot;language&quot;:&quot;en&quot;}" data-component-name="SubscribeWidgetToDOM"><div class="subscription-widget show-subscribe"><div class="preamble"><p class="cta-caption"><em><strong>Trade Credit &amp; Liquidity Man&#8230;</strong></em></p></div><form class="subscription-widget-subscribe"><input type="email" class="email-input" name="email" placeholder="Type your email&#8230;" tabindex="-1"><input type="submit" class="button primary" value="Subscribe"><div class="fake-input-wrapper"><div class="fake-input"></div><div class="fake-button"></div></div></form></div></div>
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   ]]></content:encoded></item><item><title><![CDATA[Trade Credit & Liquidity Management Newsletter]]></title><description><![CDATA[Volume 1, Number 12]]></description><link>https://tradecredit.substack.com/p/trade-credit-and-liquidity-management-e8c</link><guid isPermaLink="false">https://tradecredit.substack.com/p/trade-credit-and-liquidity-management-e8c</guid><pubDate>Thu, 21 Aug 2025 19:01:04 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!G16N!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd30ec4a5-eb1c-4b30-974a-bc93ccff883a_1078x1078.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!uQ3K!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!uQ3K!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 424w, https://substackcdn.com/image/fetch/$s_!uQ3K!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 848w, https://substackcdn.com/image/fetch/$s_!uQ3K!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 1272w, https://substackcdn.com/image/fetch/$s_!uQ3K!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!uQ3K!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png" width="1344" height="256" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:256,&quot;width&quot;:1344,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:37540,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:&quot;https://tradecredit.substack.com/i/170395903?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!uQ3K!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 424w, https://substackcdn.com/image/fetch/$s_!uQ3K!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 848w, https://substackcdn.com/image/fetch/$s_!uQ3K!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 1272w, https://substackcdn.com/image/fetch/$s_!uQ3K!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76d62f2e-10c8-4479-910c-481c948d6336_1344x256.png 1456w" sizes="100vw" fetchpriority="high"></picture><div></div></div></a></figure></div><div class="pullquote"><p><em><strong>Publisher&#8217;s Note:</strong> Because this newsletter is too long for some emails, you may have to click on "View entire message" to access all the content.</em></p></div><h1>Featured Articles</h1><div class="digest-post-embed" data-attrs="{&quot;nodeId&quot;:&quot;dd0b098c-6834-4035-ac9e-ca1573a825d5&quot;,&quot;caption&quot;:&quot;There are countless reasons why businesses fail to pay on time. Some of those reasons are minor, such as simple oversights or procedural snags, while others may point to serious financial distress that could threaten your receivables. Whatever the cause, the impact is the same: late payments disrupt your cash flow and place added strain on your collections&#8230; [Paid Content]&quot;,&quot;cta&quot;:&quot;Read full story&quot;,&quot;showBylines&quot;:true,&quot;size&quot;:&quot;md&quot;,&quot;isEditorNode&quot;:true,&quot;title&quot;:&quot;Understanding and Managing Late Customer Payments&quot;,&quot;publishedBylines&quot;:[{&quot;id&quot;:29053814,&quot;name&quot;:&quot;David Schmidt&quot;,&quot;bio&quot;:&quot;David Schmidt, Managing Director of A2 Resources (a consultancy focused on credit, collections and AR automation) is a 40+ year business credit executive and co-author of Power Collecting: Automation for Efficient Asset Management (Wiley, 1998).&quot;,&quot;photo_url&quot;:&quot;https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/55d9b1f0-9547-4b76-a870-583e5c9ce1d3_199x200.png&quot;,&quot;is_guest&quot;:false,&quot;bestseller_tier&quot;:null}],&quot;post_date&quot;:&quot;2025-08-20T17:29:23.717Z&quot;,&quot;cover_image&quot;:&quot;https://substackcdn.com/image/fetch/$s_!eNyA!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fec0e3b04-db71-4a61-9171-955450ec87dc_5496x3670.jpeg&quot;,&quot;cover_image_alt&quot;:null,&quot;canonical_url&quot;:&quot;https://tradecredit.substack.com/p/understanding-and-managing-late-customer-payments&quot;,&quot;section_name&quot;:null,&quot;video_upload_id&quot;:null,&quot;id&quot;:171484591,&quot;type&quot;:&quot;newsletter&quot;,&quot;reaction_count&quot;:0,&quot;comment_count&quot;:0,&quot;publication_id&quot;:null,&quot;publication_name&quot;:&quot;Trade Credit &amp; Liquidity Management&quot;,&quot;publication_logo_url&quot;:&quot;https://substackcdn.com/image/fetch/$s_!G16N!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd30ec4a5-eb1c-4b30-974a-bc93ccff883a_1078x1078.png&quot;,&quot;belowTheFold&quot;:false,&quot;youtube_url&quot;:null,&quot;show_links&quot;:null,&quot;feed_url&quot;:null}"></div><div class="digest-post-embed" data-attrs="{&quot;nodeId&quot;:&quot;c6675278-19d1-4d5d-8181-fd3b1159f1be&quot;,&quot;caption&quot;:&quot;Believe it or not, credit and collections professionals need to be salespeople, too. Anyone in a credit and collections role must come to realize that sales is one of their primary responsibilities. However, if you ask most collectors if they are salespeople, their hair bristles... [Paid Content]&quot;,&quot;cta&quot;:&quot;Read full story&quot;,&quot;showBylines&quot;:true,&quot;size&quot;:&quot;md&quot;,&quot;isEditorNode&quot;:true,&quot;title&quot;:&quot;Credit and Collections Professionals Need to Be Salespeople, Too&quot;,&quot;publishedBylines&quot;:[{&quot;id&quot;:245209178,&quot;name&quot;:&quot;Robert Shultz&quot;,&quot;bio&quot;:&quot;An acknowledged expert, author, conference speaker, trainer, and educator covering topics related to trade credit, business liquidity and working capital management with a 40 plus year career as a senior executive and order to cash consultant. &quot;,&quot;photo_url&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/ab02eb7a-123a-43d9-a18a-0be693c5f69d_1961x1961.jpeg&quot;,&quot;is_guest&quot;:false,&quot;bestseller_tier&quot;:null}],&quot;post_date&quot;:&quot;2025-08-12T16:45:27.833Z&quot;,&quot;cover_image&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/90366315-633a-41c4-947c-8bb4aa79ddfd_644x426.png&quot;,&quot;cover_image_alt&quot;:null,&quot;canonical_url&quot;:&quot;https://tradecredit.substack.com/p/credit-and-collections-professionals-need-to-be-salespeople-too&quot;,&quot;section_name&quot;:null,&quot;video_upload_id&quot;:null,&quot;id&quot;:170465576,&quot;type&quot;:&quot;newsletter&quot;,&quot;reaction_count&quot;:0,&quot;comment_count&quot;:0,&quot;publication_id&quot;:null,&quot;publication_name&quot;:&quot;Trade Credit &amp; Liquidity Management&quot;,&quot;publication_logo_url&quot;:&quot;https://substackcdn.com/image/fetch/$s_!Q342!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb58c415d-dd83-4101-aef1-a11a6306d9ca_364x364.png&quot;,&quot;belowTheFold&quot;:false,&quot;youtube_url&quot;:null,&quot;show_links&quot;:null,&quot;feed_url&quot;:null}"></div><div class="digest-post-embed" data-attrs="{&quot;nodeId&quot;:&quot;891a123b-cecc-44c5-a6c9-0f753cb37639&quot;,&quot;caption&quot;:&quot;A vendor said they were paid in full. But the government contract still showed a $343 thousand balance. Something didn&#8217;t add up. That kind of discrepancy isn&#8217;t just a paperwork issue&#8212;it&#8217;s a financial risk. It puts a vendor&#8217;s audit results, cash flow, and government relationships at stake. And it&#8217;s exactly the kind of situation where strong acquisition support and sharp problem-solving matter most... [Free Content]&quot;,&quot;cta&quot;:&quot;Read full story&quot;,&quot;showBylines&quot;:true,&quot;size&quot;:&quot;md&quot;,&quot;isEditorNode&quot;:true,&quot;title&quot;:&quot;The $343K Mystery: Four Keys to Resolving Contract Payment Discrepancies&quot;,&quot;publishedBylines&quot;:[],&quot;post_date&quot;:&quot;2025-08-11T14:36:32.108Z&quot;,&quot;cover_image&quot;:&quot;https://substackcdn.com/image/fetch/$s_!ZiXv!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6249ac7a-8505-469e-9ef6-02b1241c943f_5184x3108.jpeg&quot;,&quot;cover_image_alt&quot;:null,&quot;canonical_url&quot;:&quot;https://tradecredit.substack.com/p/the-343k-mystery-four-keys-to-resolving-contract-payment-discrepancies&quot;,&quot;section_name&quot;:null,&quot;video_upload_id&quot;:null,&quot;id&quot;:169675209,&quot;type&quot;:&quot;newsletter&quot;,&quot;reaction_count&quot;:0,&quot;comment_count&quot;:0,&quot;publication_id&quot;:null,&quot;publication_name&quot;:&quot;Trade Credit &amp; Liquidity Management&quot;,&quot;publication_logo_url&quot;:&quot;https://substackcdn.com/image/fetch/$s_!Q342!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb58c415d-dd83-4101-aef1-a11a6306d9ca_364x364.png&quot;,&quot;belowTheFold&quot;:false,&quot;youtube_url&quot;:null,&quot;show_links&quot;:null,&quot;feed_url&quot;:null}"></div><div class="subscription-widget-wrap-editor" data-attrs="{&quot;url&quot;:&quot;https://tradecredit.substack.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe&quot;,&quot;language&quot;:&quot;en&quot;}" data-component-name="SubscribeWidgetToDOM"><div class="subscription-widget show-subscribe"><div class="preamble"><p class="cta-caption"><em><strong>Trade Credit &amp; Liquidity Management</strong> is&#8230;</em></p></div><form class="subscription-widget-subscribe"><input type="email" class="email-input" name="email" placeholder="Type your email&#8230;" tabindex="-1"><input type="submit" class="button primary" value="Subscribe"><div class="fake-input-wrapper"><div class="fake-input"></div><div class="fake-button"></div></div></form></div></div>
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   ]]></content:encoded></item><item><title><![CDATA[Trade Credit & Liquidity Management Newsletter]]></title><description><![CDATA[Volume 1, Number 11]]></description><link>https://tradecredit.substack.com/p/trade-credit-and-liquidity-management-2d8</link><guid isPermaLink="false">https://tradecredit.substack.com/p/trade-credit-and-liquidity-management-2d8</guid><pubDate>Thu, 07 Aug 2025 19:00:58 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!2nIN!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9eb7c991-f50d-4677-922f-e8f903ed401d_956x582.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!2nIN!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9eb7c991-f50d-4677-922f-e8f903ed401d_956x582.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!2nIN!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9eb7c991-f50d-4677-922f-e8f903ed401d_956x582.png 424w, https://substackcdn.com/image/fetch/$s_!2nIN!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9eb7c991-f50d-4677-922f-e8f903ed401d_956x582.png 848w, https://substackcdn.com/image/fetch/$s_!2nIN!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9eb7c991-f50d-4677-922f-e8f903ed401d_956x582.png 1272w, https://substackcdn.com/image/fetch/$s_!2nIN!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9eb7c991-f50d-4677-922f-e8f903ed401d_956x582.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!2nIN!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9eb7c991-f50d-4677-922f-e8f903ed401d_956x582.png" width="284" height="172.89539748953976" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/9eb7c991-f50d-4677-922f-e8f903ed401d_956x582.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:582,&quot;width&quot;:956,&quot;resizeWidth&quot;:284,&quot;bytes&quot;:164116,&quot;alt&quot;:&quot;&quot;,&quot;title&quot;:&quot;&quot;,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:&quot;https://tradecredit.substack.com/i/163220739?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9eb7c991-f50d-4677-922f-e8f903ed401d_956x582.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" title="" srcset="https://substackcdn.com/image/fetch/$s_!2nIN!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9eb7c991-f50d-4677-922f-e8f903ed401d_956x582.png 424w, https://substackcdn.com/image/fetch/$s_!2nIN!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9eb7c991-f50d-4677-922f-e8f903ed401d_956x582.png 848w, https://substackcdn.com/image/fetch/$s_!2nIN!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9eb7c991-f50d-4677-922f-e8f903ed401d_956x582.png 1272w, https://substackcdn.com/image/fetch/$s_!2nIN!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9eb7c991-f50d-4677-922f-e8f903ed401d_956x582.png 1456w" sizes="100vw" fetchpriority="high"></picture><div></div></div></a></figure></div><div class="pullquote"><p><em><strong>Publisher&#8217;s Note:</strong> Because this post is too long for some emails, you may have to click on "View entire message" to access the entire newsletter.</em></p></div><h1>Featured Articles</h1><div class="digest-post-embed" data-attrs="{&quot;nodeId&quot;:&quot;069a6251-8af0-4de2-a845-fdfd44cf8206&quot;,&quot;caption&quot;:&quot;Automating accounts receivable processes has transformed the collections landscape. What once relied entirely on the judgment and initiative of individual collectors is now driven by systematic workflows embedded in AR platforms. Before automation, each collector decided on the appropriate action... [Free Content]&quot;,&quot;cta&quot;:&quot;Read full story&quot;,&quot;showBylines&quot;:true,&quot;size&quot;:&quot;md&quot;,&quot;isEditorNode&quot;:true,&quot;title&quot;:&quot;Are Your Collection Strategies Stagnant?&quot;,&quot;publishedBylines&quot;:[{&quot;id&quot;:29053814,&quot;name&quot;:&quot;David Schmidt&quot;,&quot;bio&quot;:&quot;David Schmidt, Managing Director of A2 Resources (a consultancy focused on credit, collections and AR automation) is a 40+ year business credit executive and co-author of Power Collecting: Automation for Efficient Asset Management (Wiley, 1998).&quot;,&quot;photo_url&quot;:&quot;https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/55d9b1f0-9547-4b76-a870-583e5c9ce1d3_199x200.png&quot;,&quot;is_guest&quot;:false,&quot;bestseller_tier&quot;:null}],&quot;post_date&quot;:&quot;2025-08-05T13:45:07.598Z&quot;,&quot;cover_image&quot;:&quot;https://substackcdn.com/image/fetch/$s_!hc-X!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F78272fe8-cc3e-48bb-b2dd-ee35f75ee7a5_901x586.png&quot;,&quot;cover_image_alt&quot;:null,&quot;canonical_url&quot;:&quot;https://tradecredit.substack.com/p/are-your-collection-strategies-stagnant&quot;,&quot;section_name&quot;:null,&quot;video_upload_id&quot;:null,&quot;id&quot;:170116872,&quot;type&quot;:&quot;newsletter&quot;,&quot;reaction_count&quot;:0,&quot;comment_count&quot;:0,&quot;publication_id&quot;:null,&quot;publication_name&quot;:&quot;Trade Credit &amp; Liquidity Management&quot;,&quot;publication_logo_url&quot;:&quot;https://substackcdn.com/image/fetch/$s_!Q342!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb58c415d-dd83-4101-aef1-a11a6306d9ca_364x364.png&quot;,&quot;belowTheFold&quot;:false,&quot;youtube_url&quot;:null,&quot;show_links&quot;:null,&quot;feed_url&quot;:null}"></div><div class="digest-post-embed" data-attrs="{&quot;nodeId&quot;:&quot;b09f63ea-61e4-4ee6-95b4-bdd4f9218054&quot;,&quot;caption&quot;:&quot;Transforming trade credit operations requires more than new technology&#8212;it demands strong executive sponsorship, cross-functional collaboration, and a strategic focus on standardization, automation, and employee training. By addressing constraints and investing in talent and systems through a phased, data-driven approach, finance leaders can turn their teams into powerful drivers of cash flow, efficiency, and long-term value... [Paid Content]&quot;,&quot;cta&quot;:&quot;Read full story&quot;,&quot;showBylines&quot;:true,&quot;size&quot;:&quot;md&quot;,&quot;isEditorNode&quot;:true,&quot;title&quot;:&quot;From Firefighting to Future-Ready &quot;,&quot;publishedBylines&quot;:[{&quot;id&quot;:245733832,&quot;name&quot;:&quot;John M. Donovan&quot;,&quot;bio&quot;:&quot;With a distinguished career in finance at Fortune 100 Companies and top-tier consulting organizations,&quot;,&quot;photo_url&quot;:&quot;https://substackcdn.com/image/fetch/$s_!GjGO!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F846c65c7-c2b7-452e-8f54-44da5a06e137_144x144.png&quot;,&quot;is_guest&quot;:true,&quot;bestseller_tier&quot;:null}],&quot;post_date&quot;:&quot;2025-08-06T15:55:43.286Z&quot;,&quot;cover_image&quot;:&quot;https://substackcdn.com/image/fetch/$s_!IXK_!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fadcb1854-65e6-4e86-ae82-7d9a80e8c935_512x512.png&quot;,&quot;cover_image_alt&quot;:null,&quot;canonical_url&quot;:&quot;https://tradecredit.substack.com/p/from-firefighting-to-future-ready&quot;,&quot;section_name&quot;:null,&quot;video_upload_id&quot;:null,&quot;id&quot;:168997321,&quot;type&quot;:&quot;newsletter&quot;,&quot;reaction_count&quot;:0,&quot;comment_count&quot;:0,&quot;publication_id&quot;:null,&quot;publication_name&quot;:&quot;Trade Credit &amp; Liquidity Management&quot;,&quot;publication_logo_url&quot;:&quot;https://substackcdn.com/image/fetch/$s_!Q342!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb58c415d-dd83-4101-aef1-a11a6306d9ca_364x364.png&quot;,&quot;belowTheFold&quot;:false,&quot;youtube_url&quot;:null,&quot;show_links&quot;:null,&quot;feed_url&quot;:null}"></div><div class="digest-post-embed" data-attrs="{&quot;nodeId&quot;:&quot;988322c5-b3a1-4762-b19e-ce1792373a86&quot;,&quot;caption&quot;:&quot;By Wanda Borges, Esq.<br />What do you do when you think you have done everything right and you still get stuck with a seemingly uncollectible claim? You are a diligent Credit Manager! You have a credit application. Your documents are in good order. And you have a personal guarantee. You are confident that you can recover your debt. Then you receive notice that the corporate debtor has filed a sub-Chapter V bankruptcy petition... [Free Content]&quot;,&quot;cta&quot;:&quot;Read full story&quot;,&quot;showBylines&quot;:true,&quot;size&quot;:&quot;md&quot;,&quot;isEditorNode&quot;:true,&quot;title&quot;:&quot;Creditors Can Fight Back Even In Sub-Chapter V Bankruptcy Cases&quot;,&quot;publishedBylines&quot;:[],&quot;post_date&quot;:&quot;2025-08-07T13:58:31.573Z&quot;,&quot;cover_image&quot;:&quot;https://substackcdn.com/image/fetch/$s_!nQqA!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F3bbf2f77-4001-4afa-ae98-54c1fa256996_3066x1815.jpeg&quot;,&quot;cover_image_alt&quot;:null,&quot;canonical_url&quot;:&quot;https://tradecredit.substack.com/p/creditors-can-fight-back-even-in-sub-chaptor-v-bankruptcy-cases&quot;,&quot;section_name&quot;:null,&quot;video_upload_id&quot;:null,&quot;id&quot;:170292962,&quot;type&quot;:&quot;newsletter&quot;,&quot;reaction_count&quot;:0,&quot;comment_count&quot;:0,&quot;publication_id&quot;:null,&quot;publication_name&quot;:&quot;Trade Credit &amp; Liquidity Management&quot;,&quot;publication_logo_url&quot;:&quot;https://substackcdn.com/image/fetch/$s_!Q342!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb58c415d-dd83-4101-aef1-a11a6306d9ca_364x364.png&quot;,&quot;belowTheFold&quot;:false,&quot;youtube_url&quot;:null,&quot;show_links&quot;:null,&quot;feed_url&quot;:null}"></div><div class="subscription-widget-wrap-editor" data-attrs="{&quot;url&quot;:&quot;https://tradecredit.substack.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe&quot;,&quot;language&quot;:&quot;en&quot;}" data-component-name="SubscribeWidgetToDOM"><div class="subscription-widget show-subscribe"><div class="preamble"><p class="cta-caption"><em><strong>Trade Credit &amp; Liquidity Management</strong> is&#8230;</em></p></div><form class="subscription-widget-subscribe"><input type="email" class="email-input" name="email" placeholder="Type your email&#8230;" tabindex="-1"><input type="submit" class="button primary" value="Subscribe"><div class="fake-input-wrapper"><div class="fake-input"></div><div class="fake-button"></div></div></form></div></div>
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