Message From President

From various statistical indicators, Singapore is on the path to a gradual economic recovery albeit at a slower pace of between 2% to 3% in year 2017, but PM and other Ministers have repeatedly warned us not to be complacent by highlighting that unemployment rate will continue to rise; so is it good news or bad news? It depends, if you are armed with skills, knowledge, experiences and network that no one could overtake you, it is definitely good news as opportunities are abound, it will be a good year for you!

Credit management is a very specialized field; it requires not only management theories and principles, but also interpersonal skills, vast market experiences and the ability to predict the future. A good credit manager helps to grow business by selling to more risky customers with growth potential, customers that are not welcomed by those who strictly followed the traditional credit evaluation principles purely based on financial data, but in the current competitive environment, traditional credit evaluation methods must be improved for business survivor!

At SACM, we provide the facilities and opportunities for you to learn new credit evaluation skills, interact with other credit professionals, network with those inside and outside the credit circle, and find the right connections.

Come join us if you are in the field of credit management.
Grace Wong
SACM President, May 2017
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Letter From President (2015-2017)

To predict when debtors default is as difficult as to predict when an earthquake will happen. Having a structured Credit Management in place could mitigate risks, and be in a better state of preparedness for any eventuality.

Founded in 1981, SACM has been established for 34 years. We promote good Credit Management practices and aim to attain highest possible sales and shortest possible collection time amongst our members. Credit Management is a science, and has evolved into multi-facets of management in credit risk, compliance, credit information and reporting, and credit risk insurance protection. SACM's members are credit management practitioners and controllers, credit information providers and credit risk insurers, together, we play an integral role in the development of Singapore industries and commerce paternity.

What would credit management evolve in the future? We would invite you to join us to be part of the evolution and make things happen. Together we will scale to greater heights in managing our businesses in the field of credit management and risks.

Victor Chan
SACM President, May 2015
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