Business Credit articles from January 2001

Business Credit archives from January 2001

Make Every Day New Year's Day.(dealing with change)(Brief Article)
January 1, 2001... There's something about the end of one year and the start of another that invites us to take a look back over the past, to think about the things we've done right and/or wrong and to resolve to change. It's a mark in time; a new year presents...

Reclaim Your Company's Internet Profits.(Brief Article)(Statistical Data Included)
January 1, 2001... Successful business owners know how important the Internet is to their company's success. From locating new clients to selling goods and services online, the Internet has transformed today's business world. However, the Internet may also...

Hawaii Revises Retainage and Prompt Pay Laws.(Brief Article)
January 1, 2001... On July 1, subcontractors in Hawaii began benefiting from changes in the state's retainage and prompt pay laws. As of that date, contractors cannot retain from subcontractors an amount exceeding 5 percent of the amount due to the contractor...

Will the Internet Replace Your Filing Cabinet?
January 1, 2001... While predictions of the paperless office began over 10 years ago, statistics show that 90 percent of the world's information is still on paper. Can this change? Will it? After spending more than twenty years in offices of all sizes, from...

Diamond Jubilee.(of Credit and Financial Development Division of National Association of Credit Management)(Brief Article)
January 1, 2001... Credit and Financial Development Division of NACM During CFDD's Diamond Jubilee, we thought it fitting to recognize this organization's accomplishments over the past 75 years. This month, we focus on how CFDD can meet its members'...

We've Only Just Begun...(National Association of Credit Management - management issues)(Brief Article)(Statistical Data Included)
January 1, 2001... Looking back on the past few years, it's hard not to marvel at the tremendous progress we've made as an organization. It seems like only yesterday--even though it was in 1995--that NACM-National unveiled its national web site, www.nacm.org....

LOCKBOX TECHNOLOGY.(management of accounts receivables, collections and credit)
January 1, 2001... Professionals who manage accounts receivable and credit and collections have long depended on bank lockbox operations to feed them critical information. That traditional service is now being swept by technological changes that are delivering...

Joint Check Agreements.(credit management)(Brief Article)
January 1, 2001... A common credit management devise is the joint check agreement. This requires the consent of not only your customer but also your customer's buyer. The most important thing to remember with a standard joint check agreement is that IT ONLY...

RED FLAGS THAT MAY SIGNAL YOUR DOT-COM CUSTOMER IS FALLING FROM CYBERSPACE AND INTO INSOLVENCY.
January 1, 2001... As the credit department evolves into one that builds on customer service, there is greater pressure for the credit professional to work with the sales force to find a way to "make the sale." The Internet is transforming the way vendors bring...

Unpaid Sellers Stoppage of Delivery and Reclamation Rights Against an Insolvent Buyer: Enhancing Trade Creditor Recovery.
January 1, 2001... The recent Chapter 11 filing by Heilig-Meyers Company, this country's largest publicly traded furniture retailer, demonstrates the usefulness of the state law remedies of stoppage of delivery and reclamation of goods to trade creditors. Prior...

Technology to the Rescue.(credit management)
January 1, 2001... The number of products and services available to credit managers is growing faster than ever. Twenty-five years ago, once you got past Dun & Bradstreet, there was not much more available besides collection agencies and some financial services....

The Challenges and Opportunities of E-Commerce.(Brief Article)
January 1, 2001... At the World Trade Organization (WTO) we, like everyone else, are facing up to the huge opportunities and challenges that the electronic-commerce revolution brings. Although the WTO is increasingly involved with e-commerce, our responsibility...

Trading and Recovery of Distressed Emerging Markets Trade Debt.
January 1, 2001... "The most beautiful flowers grow nearest the edge of the cliff." These are survival skills you should learn, to gather them with the least risk. The quote above, an analogy for the relationship between risk and reward, came from an...

International Insight.(the Japanese economy)
January 1, 2001... Hot Spots: Japan Throughout this year, we have been warning clients that the optimistic assessments by leading denizens of Tokyo's political district, to the effect that the Japanese economy has entered a strong and self-sustaining...

FCIB Member Profile: Wayne Schobel.(Finance, Credit and International Business Association)
January 1, 2001... Wayne Schobel, Manager of Credit and Collections for Pactiv Corporation (formerly Tenneco), headquartered in Lake Forest, Illinois, Is the Chairman of FCIB, the Finance, Credit and International Business Association. He also serves on the...

FCIB's Eleventh Annual Global Conference.(Finance Credit International Business Association)(Statistical Data Included)
January 1, 2001... Emerging Technologies in Global Credit and Finance Nearly two hundred credit managers from four continents gathered at the November FCIB-NACM Eleventh Annual Global Conference in New York City for two intense days of meetings on global...

Early Warning Signs of a Bankruptcy.(Brief Article)
January 1, 2001... After every bad debt or loss due to a bankruptcy, businesses ask themselves if they could have prevented the loss. Could they have predicted the bankruptcy? Were there signs that they missed? There are a number of early warning signs, which...

Canada: A Remarkable story is Unfolding.(economic performance - analysis)(Statistical Data Included)
January 1, 2001... In the past few years, Canada's performance has taken a near 180-degree turn. Indeed, as few as seven years ago, Canada was regarded as a near-pariah among foreign and domestic investors--and for several good reasons: Years of fiscal...

Exploring the New Frontier: NACM-Canada's 2nd Annual Credit Conference.(National Association of Credit Management)
January 1, 2001... If credit managers felt they were somehow immune to the business effects of the digital revolution, electronic commerce innovation and global economic transformation, they discovered differently at "Exploring the New Frontier", NACM-Canada's...

Web-enabling the Credit Organization.(Brief Article)
January 1, 2001... A potential customer accesses your web site, likes what they see and decides to make a B2B purchase. Filling their shopping cart, they proceed to the checkout stand and decide to use the "bill my company" option. A "secure site" icon appears in...

Mechanics Liens in Ohio.
January 1, 2001... Mechanics' Liens are tools to be utilized for the benefit and protection of contractors, subcontractors, suppliers or materialmen and laborers. The laws of Ohio regarding Mechanics' Liens underwent a dramatic change, effective as of January 1,...

IN MEMORIAM.(Credit Managers Association member H.J. Hoff dies)(Brief Article)(Obituary)
January 1, 2001... H.J. "Moe" Hoff H.J. "Moe" Hoff passed away on September 23. A member of the Credit Managers Association for many years and a key CMA leader in the 1960s and 1970s, Moe served as (elected) president of CMA of Southern California in...

Shape the Future of the Credit Profession through Volunteer Committee Service.(National Association of Credit Management)
January 1, 2001... If you are an innovative leader and thinker willing to pursue new ideas and willing to challenge the present in order to meet the needs of the future, your volunteer service is needed on an NACM-National Committee or a Committee Advisory...