Business Credit articles from January 2003

Business Credit archives from January 2003

Education in the 21st century. (The Scoop).(Brief Article)
January 1, 2003... Fifty years ago getting an education meant sitting in a classroom. Today, options for educational opportunities abound. In addition to conferences, self-study courses and traditional courses, a new array of options is available. They include...

CFOs expect stable hiring activity into the first quarter. (The Scoop).(Brief Article)
January 1, 2003... Greatest Job Growth Forecast for Business Services Sector The hiring of accounting and finance professionals is expected to remain at its current pace in the first quarter of 2003, according to the Robert Half International Financial Hiring...

Crunching numbers made faster & easier. (The Scoop).(Brief Article)
January 1, 2003... Analyzing financial statement data can be a challenging step in determining the financial condition of a customer, but it is also an extremely critical one. Many commercial software packages are available to help, but most are complicated,...

A/R outsourcing -- coming of age in the new millennium. (The Scoop).(Brief Article)
January 1, 2003... Outsourcing accounts receivable has become an essential business tool in today's credit environment. The traditional, vertically integrated, self-sufficient business model simply does not apply. In its place, a new set of words defines business...

Networking to avoid fraud. (The Scoop).(Brief Article)
January 1, 2003... One of the most important tools in detecting fraud is networking. It is not only important to network within your own industry, but with other seemingly unrelated industries as well. "Credit Criminals" do not differentiate between industries....

Calendar.
January 1, 2003... JANUARY January 13, 2003 Hidden Liens & Trust Fund Claims Presenter: Wanda Barges, Esq., Borges Donovan and Bruce Nathan, Esq., Davidoff & Malito For more information, please contact the NACM Meetings Dept. January 20-25,...

The 108th Congress. (National Commentary).
January 1, 2003... Last month's mid-term elections produced big victories for the Republican Party in both the House and Senate. The Republicans now control the House, the Senate and the White House. The Republican wins were largely seen as a testament to the...

Building an ROI for credit automation: the four steps to justifying the purchase of an automated credit and collections system.
January 1, 2003... Introduction Today's IT purchasing environment is a very difficult one, given the state of the economy. In this environment, there has been very little capital spending, so it stands to reason that only projects that demonstrate...

Seller's right to stop delivery vs. buyer's secured inventory lender: seller wins at last. (Business Law).
January 1, 2003... Introduction Trade creditors enjoyed a double win in two recent decisions of the United States Bankruptcy Court in Delaware First, in In re Kellstrom Industries, Inc., the court upheld a seller's right to stop delivery of goods in its...

The changing face of credit management. (Selected Topic).
January 1, 2003... Integration has been a theme in business for decades. The bottom line gets enhanced when all of the parts of the business process are linked together in a informed fashion, There is growing evidence that this understanding is penetrating the...

The second mouse gets the cheese.
January 1, 2003... The Internet was a great big steel trap for a lot of companies--it sucked in resources, people and money and offered only vague pie-in-the-sky promises in return. Today's technology users have learned from the mistakes of the first wave and...

The community of credit.
January 1, 2003... Community: A society of people having common rights and privileges, or common interests.... Did you ever wonder how large your community is? After all, we all live in a "community." For me it begins with the cul-de-sac in which I live. It...

NACM Credit & Collections Index. (Selected Topic).(National Association of Credit Management)
January 1, 2003... "NACM's Credit & Collection Index (CCI) for the latest month has continued to provide Fed Chairman Allen Greenspan with meaningful information to gauge what is happening in the economy. At this point, the above statement is still wishful...

Debtor in possession financing in the spotlight: does a DIP lender guarantee payment of your postpetition credit sale? (Legal Corner).
January 1, 2003... "Debtor in possession financing" is a phrase frequently heard by the credit professional these days with a customer filing Chapter 11. A corporate customer who seemingly has run Out of cash to pay its debts and finance operations, suddenly...

XML formatted remittance data in the ACH: a feasibility assessment.(eXtensible Markup Language, Automated Clearing House)
January 1, 2003... PURPOSE STATEMENT AND SCOPE Should the ACH enable the exchange of XML remittance data? The purpose of this article is to summarize the issues pertaining to this question through a SWOT (strengths, weaknesses, opportunities, and...

Web-based treasury management: now that it's here, what does it mean to you? (Selected Topics).
January 1, 2003... The introduction of Internet treasury management systems has been one the most important events to take place in the world of corporate banking. Cash management services are typically offered by banks to corporate customers to enable them to...

The NACM-National Membership Department.(National Association of Credit Management)
January 1, 2003... NACM-National's Membership Department maintains the national central database of over 100,000 records; adding, deleting, and editing records to keep member information current. They are responsible for over 25,000 affiliate records as well as...

2003: Credit Congress & Exp.(Exposition, National Association of Credit Management)
January 1, 2003... 107th Credit Congress & Exposition * June 1-4: Orlando, Florida Walt Disney World Swan and Dolphin Hotel The Premier Event for Business Credit Professionals NETWORK The 107th Credit Congress & Exposition is not a run-of-the mill...

Compensation planning survey indicates slightly higher employee salary increases in 2003. (Communique).
January 1, 2003... U.S. employers are planning a slight increase in compensation next year, according to a new survey released by Buck Consultants, a leading global human resources consulting firm. Results from the "Compensation Planning for 2003" survey...

Credit "survivors". (Selected Topics).
January 1, 2003... It is interesting that media focus has been on reality-based "survival" shows, for the last few years have certainly been sink-or-swim for many businesses. There are many options you can use to help your customers understand the attributes of...

More new accounting rules--FASB 142. (Selected Topic).(Financial Accounting Standards Board)
January 1, 2003... The Financial Accounting Standards Board (FASB) is a seven-member independent, quasi-governmental board that creates the rules and auditing standards called Generally Accepted Accounting Principles (GAAP). Independent Certified Public...

Global business credit 2002: international credit management in the ongoing downturn. (International Affairs Section).
January 1, 2003... International credit professionals from as far away as Saudi Arabia, Finland and Ecuador joined together to look for credit management solutions in today's tough global business environment at the Thirteenth Annual FCIB Global Conference in...

Hot spots: Ecuador. (International Insight).
January 1, 2003... Rather predictably after his strong showing in the first round of the presidential elections on October 20, the cashiered Army colonel and avowed banner bearer for the poor, Lucio Edwin Gutierrez, had no difficulty winning the run-off on...

A glance: worldwide credit conditions.
January 1, 2003... A Glabce: Worldwide Credit Conditions Fay Hansen ECONOMIC GROWTH GDP % change from previous quarter Q3 01 Q4 01 Q1 02 Q2 02 U.S. -0.1 0.7 1.2 0.3 Canada -0.2 0.6 1.4 - Mexico ...

Where were the directors? (Canadian Insert).(corporate governance)
January 1, 2003... The debate on corporate governance has been flourishing in Canada since the early 1990s when the Dey Report first asked the telling question: "Where Were the Directors?" Nine years later, the question is still relevant and being asked...

Insolvency advisors must address conflicts of interest. (Canadian Insert).
January 1, 2003... Both accounting and legal professionals must always consider possible conflicts of interest before accepting an assignment for a client. However, in insolvency administration, there appears to be a tendency for the financial advisers to ignore...

An overview and comparison of the Canadian and American corporate reorganization regimes. (Canadian Insert).
January 1, 2003... Introduction In both Canada and the United States, corporate reorganization is governed by federal statute. The primary restructuring statutes in Canada are the Bankruptcy and Insolvency Act (the "BIA") and the Companies Creditors'...