Business Credit articles from April 2009

Business Credit archives from April 2009

May / June.(Brief article)(Calendar)
April 1, 2009... May 4 Online Course Sessions Begin for Accounting, Business Law and Credit Law NACM Meetings Dept. 410-740-5560 May 6 Teleconference: Providing Senior Management the Facts on Financially Distressed Key Customers ...

Belief and the credit crisis.(commentary)
April 1, 2009... Watching President Barack Obama's address to a Joint Session of Congress back in February, I couldn't help but feel like he was talking specifically to credit and financial professionals like you. "The flow of credit is the lifeblood of our...

Under construction: the modernization of federal contracting law.
April 1, 2009... With the U.S. economy practically dead in the water, the federal government is trying to step into the role of buoy, mainlining more than $1 trillion through two separate stimulus packages into the financial system at-large. There are hundreds...

Customers are not always as they are perceived.(extra credit)(Viewpoint essay)
April 1, 2009... I had just started a new job and was reviewing files when I came across an account with which we had been doing business but had never gotten a credit agreement signed and on file. In talking with the salesman, he indicated that the customer...

Companies with 100 employees could be losing more than $5,000 per employee per year by not addressing inefficient communication issues.(HEADLINE: Siemens Enterprise Communications Group)(Report)
April 1, 2009... on average, 70% of employee respondents of small and medium businesses (SMBs) with up to 400 employees said they spend 17.5 hours each week addressing the pain points caused by communications barriers and latencies, according to a global study...

Pinpointing the issues.(extra credit)(Viewpoint essay)
April 1, 2009... Several years ago, upon changing jobs, I was confronted with a serious situation. My new company's largest customer was almost six months past due on older invoices, owing almost $5,000,000, yet, all current invoices were being paid on time....

Triangular setoff: a viable remedy or a thing of the past?(Column)
April 1, 2009... A trade creditor that sells goods or provides services on credit terms to a financially distressed customer risks an uncollectable unsecured claim in the event of the customer's bankruptcy filing. However, the creditor could enhance its...

Credit@work.
April 1, 2009... Dear Andy, My department is under increasing pressure to help the company improve cash flow and collect on delinquent accounts. How can I better focus my staff on what needs to be done to support company goats? [ILLUSTRATION OMITTED]...

Hot spots: Taiwan.(international)
April 1, 2009... The economy virtually fell off a cliff at the turn of the year, and its prospects are now much grimmer than the pundits had anticipated only a short while ago. The global credit and economic crisis has been pummeling exports across Asia, and...

On the road again: how to--and why you should--get the most out of customer visits.
April 1, 2009... Imagine meeting your spouse or a significant other's parents for the first time. Your partner has, hopefully, given you a short tutorial on how to conduct yourself, on what topics of conversation to avoid and maybe oil how their father feels...

Stimulus bill delays 3% withholding tax.(TRADELINE)
April 1, 2009... The American Recovery and Reinvestment Act, recently signed into law by President Barack Obama, included a provision that delays the imposition of the 3% withholding tax initially passed in 2005. Instead of going into effect on all government...

Managing Gen Y in recessionary times.(selected topic)
April 1, 2009... The talent shortage of recent years contributed to many employers desire to increase their appeal to members of the so-called Millennial Generation, or Gen Y. Now, with a troubled economy and rising unemployment rate especially high among...

Navigating turbulent waters: a checklist of the tools provided by the uniform commercial code.(Column)
April 1, 2009... While a steady number of North Americans are losing jobs, others are just as steadily avoiding the malls, and general weakness in the retail and manufacturing sectors is prevalent. Hundreds of automotive parts manufacturers are expected to fail...

Rising to the top of international credit and trade finance.(Finance Credit International Business/National Association of Credit Management)
April 1, 2009... The path forward is anticipated to be a rocky one. The global slump is putting downward pressure on international trade with global gross domestic product growth to be well below the 2.2% originally forecast. The dollar continues to regain...

Explore Florida's Banana River--such an appealing journey!(extra credit)
April 1, 2009... A certain mouse may dominate the image of Central Florida, but an entirely different set of critters is ready to capture your attention. For a walk on the wild(rife) side, a visit to the Banana River Aquatic Preserve is a must-do. Of course,...

Nancy Sellars, credit manager: reflecting on her life and the extended NACM family.(National Association of Credit Management)(In memoriam)
April 1, 2009... There is a common thread that connects NACM embers to one another, regardless of industry, geographical location, or number of years in the profession, partly because of a mutual understanding of the day-to-day work requirements, challenges and...

NACM Southwest buys Shreveport Wholesale Credit Bureau.(association news)(National Association of Credit Management)(Brief article)
April 1, 2009... NACM Southwest, located in Dallas, TX, recently announced its purchase of the Shreveport Wholesale Credit Bureau, a former NACM affiliate that has been in business since 1926. The bureau consists of about 50 members, boasts both a construction...

FCIB roundtables prove worthwhile in tough times.(international)(Finance Credit International Business/National Association of Credit Management)
April 1, 2009... As politicians, regulators, pundits, coworkers and even friends and family keep reminding us, the global economy is currently experiencing a bit of a down period, to put it mildly. Internationally, the picture is more complex, but just as grim....

Fidel loyalists removed in cabinet shake-up.(international)
April 1, 2009... The days of Fide['s influence in Cuba are welt and truly over and now the question is what this will mean to Cubans and the rest of the world. In some respects, this is a pretty calm move and has none of the drama that past changes have tended...

A new dawn: the changing roles of credit departments and the promises of technological solutions.(International feature)
April 1, 2009... Projections for a financial bounce back have retreated from the estimates given at the beginning of the year. More and more, the middle to the latter half of 2009 is forecast as the budding of recovery. But, as the last year and a half has been...

Considerations for managing a portfolio in a market downturn.(selected topic)
April 1, 2009... For many companies, managing a customer portfolio used to involve a wait-and-see approach, with credit managers reacting to slow payments and other negative account activities only as they would occur. In fact, many of these managers simply...

FTC and NACM promote red flags readiness.(TRADELINE)(Federal Trade Commission)(National Association of Credit Management)
April 1, 2009... According to the Federal Trade Commission (FTC), in there were nearly 10 million victims of identity theft in the United States. The cost to businesses and individuals was roughly $53 billion; a staggering bleed out as consumers lost wages and...

Lending and collecting from loved-ones.(extra credit)
April 1, 2009... Some types of people are more difficult to collect money from than others. Such debtors include bankrupts, uncontactables, don't cares, and those whom we love. And of all of these, perhaps the most difficult to collect from, are our loved-ones....

The human element in making outsourcing successful and addressing participant barriers.(selected topic)
April 1, 2009... Outsourcing is an important, results-oriented vehicle for improving efficiency, lowering operating costs and establishing a leaner reskilled organization. As with any major change, those concerned about how the change will affect them often...