Business Credit articles from January 2002

Business Credit archives from January 2002

Start with the basics. (The Scoop).(Brief Article)
January 1, 2002... Starting with the basics can be the best way to build a strong foundation of knowledge. You can't multiply if you can't add! The same is true of credit principles. Building a solid foundation of credit knowledge can pave the way for you to...

Electronic funds transfer. (The Scoop).(Brief Article)
January 1, 2002... The U.S. Government now requires that all vendor payments be made through electronic funds transfer: central contractor registration is required for all DoD contracts. Do you know what requirements your bank must meet to accept these payments?...

Effects of September 11th on business credit fraud. (The Scoop).(Brief Article)
January 1, 2002... All Americans are very aware that many things have changed since the terrorist attacks on September 11th. For example, many companies rely on law enforcement to indict and convict perpetrators of "white-collar crime". Law enforcement has ceased...

Analyzing customer financial statement data. (The Scoop).
January 1, 2002... The critical task of analyzing customer financial statement data no longer has to be a challenging, complex and time consuming step in determining the financial condition of a customer. NACM-National's Advanced Issues in Financial Analysis...

Risk-free: Guaranteed. (The Scoop).(Brief Article)
January 1, 2002... Do you have customers you classify as "high risk"? American Check Management (ACM) provides its clients with the ability to accept any check, risk free. If a check is returned, ACM pays you, its client, the full amount of the check: ACM assumes...

The Magic of working together. (National Commentary).(Brief Article)
January 1, 2002... This year's annual convention theme is based on the best-selling book, High Five!, co-written by Ken Blanchard and Sheldon Bowles. I am looking forward to the Opening General Session when we will all have the opportunity to hear Mr. Bowles'...

Healthy boundaries, good priorities-successful life!. (Personal Outlook).(Brief Article)
January 1, 2002... Boundaries are very important to establish in all your relationships. You have to know what your limits are. You have to know what is your business and what is not your business; what is your problem and what is not your problem; what you need...

Letters of credit: another case when the LC issuing bank must pay despite discrepancies. (Business Law).(letter of credit)
January 1, 2002... A letter of credit (LC) beneficiary must present complying documents in order to receive payment on an LC. However, a beneficiary that presents noncomplying documents to the LC issuing bank may still receive payment on the LC when the LC issuer...

The Dirty Dozen: Twelve ways credit and collections will be transformed by a technology-driven world.
January 1, 2002... Keeping up with the rapid pace of technology in any one discipline is challenging. Assimilating the advances being made across a broad spectrum of business processes is nearly impossible. This conundrum is especially true for credit...

Difficult times-credit has an important role to play. (Business Credit Selected Topic).
January 1, 2002... The tragic events of September 11th have changed our way of life forever. Our dreams, priorities and sense of normalcy have taken on a new meaning. As such, our future decisions must reflect this new definition of normal. As we unravel the...

Technology amid quality credit information: Making sound credit decisions based on knowledge and wisdom. (Business Credit Selected Topic).(Brief Article)
January 1, 2002... Companies that have traditionally relied upon information from commercial credit bureaus now have an infinite number of alternative resources at their fingertips. With the availability of data through online databases and the Internet, credit...

The magic of working together.(Brief Article)
January 1, 2002... Are you up to the challenge of today's insecure economy? Help yourself to be prepared by enhancing your skills as a professional credit and receivables manager. NETWORK The 106th Credit Congress & Exposition is not a run-of-the-mill...

Preliminary schedule of events.(Brief Article)
January 1, 2002... Preliminary Schedule of Events Sunday, June 9 8:00am - 5:00pm Registration 1:00pm - 5:00pm CCE Prep Course (Part 1) Monday, June 10 8:00am - 5:00pm Registration 8:00am - 4:00pm NACM...

Credit congress 2002: Hotel/housing information.(National Association of Credit Management)(Brief Article)
January 1, 2002... Bally's Las Vegas For nearly thirty years, Bally's Las Vegas has been the luxurious heart and soul of the neon city that never sleeps. From the moment it first opened as the elegant MGM Grand in 1973, this regal jewel of the Las Vegas...

General information: Registration, hotel and travel arrangements.(National Association of Credit Management)(Brief Article)
January 1, 2002... The full Convention Registration Fee includes admission to: Grand Opening of the Expo Hall/Opening Reception, Expo 2002 (including a light lunch in the hall each day), Beer & Browse (reception in the Expo Hall on Tuesday), General Session, all...

Credit congress 2002 -- The magic of working together.
January 1, 2002... This year's convention theme, The Magic of Working Together, embodies the spirit needed for all of us to succeed. Whether that includes working as a member of your corporate team, working side-by-side with your sales team, or as a member of the...

106th credit congress and exposition optional tours.
January 1, 2002... Monday, June 10 LAS VEGAS HIGHLIGHTS TOUR TIME: 8:30am - 2:30pm COST: $95.00 This adventurous morning begins with a brief city tour down the Las Vegas Boulevard and Fremont Street. Then guests are off to tour the...

NACM'S post-convention trip: Grand Canyon; June 14th, 15th and/or 16th.(National Association of Credit Management)
January 1, 2002... The Grand Canyon, one of the Seven Natural Wonders of the World, can be overpowering with its enormous size and beautiful color. This is a site you don't want to miss! Looking from the rim, you can experience the meaning of the Grand...

Is the debt-collection industry a suitable candidate for artificial intelligence?
January 1, 2002... Artificial intelligence (Al) has been defined as "the ability of a machine to perform at the level of a human expert." While the concept has been understood for several years, its application to common business problems has been relatively...

2001 FCIB conference: Credit management in troubled times. (International Affairs Section).
January 1, 2002... Credit managers from top companies joined with international experts to tackle credit issues in the context of terrorism, money laundering and global recession. Credit professionals from 23 states and six countries attended the Twelfth...

IMF proposes nation bankruptcy plan. (Communique).(Brief Article)
January 1, 2002... The International Monetary Fund unveiled groundbreaking plans to develop an international system to allow troubled countries to file for bankruptcy protection when their debts become unsustainable. IMF First Deputy Managing Director Anne...

Pakistan heads for "Islamic Banking". (Communique).(Brief Article)
January 1, 2002... On December 5th, Pakistan's central bank published commercial requirements which banks will have to abide by as they are transferred to run on "Islamic principles." The State Bank of Pakistan said banks should be listed on the stock...

UCP 500. (International Affairs Section).
January 1, 2002... This second commentary on UCP500 takes us right to the heart of the letter of credit principle and raison d'etre as set out in the first sentence of Article 3a. Article 3 Article 3a states that "Credits... are separate transactions...

International insight hot spots: New Zealand. (International Affairs Section).
January 1, 2002... Some downside risks to the economy have emerged since the September 1 11th terror attacks in the United States, which include a still-deteriorating international environment for New Zealand's exports, damage to the important tourist industry,...

Early warning signals-A sigh of things to come? (Canadian Insert).
January 1, 2002... As the North American economy continues to sputter, many business seem to be in for a rough ride. In October 2001, consumer confidence plunged to its lowest level in almost eight years, hit by rising unemployment, the terrorist attacks and an...

Privacy and security-where do we go now? (Canadian Insert).
January 1, 2002... So many questions arise from the tragedy of September 11th, but one frequently asked hits each and every one of us. Will we need to give up our privacy to gain security? Canadians should refuse to debate this, because it isn't the right...

In search of excellence. (Business Credit Selected Topic).(Brief Article)
January 1, 2002... As Chairman of the Honors and Awards Committee this year, I want to extend a personal invitation to each of our NACM members to consider nominating a friend, co-worker or colleague for one of the awards given out each year at the annual Credit...

National Awards Program.(Brief Article)
January 1, 2002... Onceagain, the National Association of Credit Management will honor the outstanding performance and accomplishment of credit executives. We are requesting your nominations for the National Credit Executive of the Year, the National Designation...

Using the Internet to create a resolution network.
January 1, 2002... Technological advances have made it possible for virtually every company to do business over the Internet. For medium to large organizations, the migration to enterprise-wide, web-enabled systems has become a critical objective, contributing to...

Confessions of Judgment. (Legal Jargon).(Brief Article)
January 1, 2002... As a credit professional working for a supplier or contractor, you commonly receive requests from customers who have no problem with your company's performance but need more time to pay because of cash flow or related financial problems. You...

Finding a pocket for payment when your corporate customer files chapter 11: A creditors' committee's right to sue the debtor's principals. (Legal Corner).
January 1, 2002... Your new customer, a family-owned corporation, to whom you have made a six-figure credit sale files Chapter 11 bankruptcy. The debtor's statement of financial affairs reveals several significant payments by the debtor within weeks of the...

Mechanics' and materialmen's liens in Arkansas. (Construction Corner).
January 1, 2002... Introduction Under Arkansas law, the materialmen's lien attaches not only to the subject of the contract but also to the land on which it rests. Every contractor, subcontractor or material supplier who supplies labor, services, materials,...

Gestures-The Do's and Taboos of Body Language around the World. (Book Review).(Brief Article)
January 1, 2002... By Roger E. Axtell Cross your arms, roll your eyes, drum your fingers or tap your foot, each of these gestures signifies an attitude or emotion. According to Roger Axtell, the author of Do's and Taboos of Body Language around the World, a...