Business Credit articles from January 2005

Business Credit archives from January 2005

NACM calendar of events 2005.(Calendar)
January 1, 2005... JANUARY January 10, 2005 Teleconference: Sarbanes-Oxley Presenter: Wanda Borges, Esq. January 10-April 15, 2005 Online Accounting Course For more information, please contact the NACM Education Dept. at 410.740.5560....

10 best practices.(credit management)
January 1, 2005... A great deal has been written about best practices in credit, ranging from improved communications to updated technology to incentives and employee recognition programs. Rather than merely adding to the glut of ink, this account examines some...

Winning points on defense: when customers apply their best practices procurement strategies, suppliers could lose. Or they could counter with a best practices defense and score valuable points.(Added Value)
January 1, 2005... When best practices credit and collections procedures collide with best practices procurement procedures, credit and collections usually lose. There's no question that a growing number of companies are adopting aggressive, disciplined...

One size does not fit all in the world of accounts receivable best practices.(Selected Topic)
January 1, 2005... Building a strong accounts receivable (AR) department is essential for business success. In a time focused on best practices, and AR improvement strategies, many organizations are struggling to define success surrounding the entire "credit to...

Preference update: late payments may be ordinary and protected from the preference net!(Column)
January 1, 2005... A credit professional's (CP)"reason to be", it seems, is accurately assessing a customer's credit risk. The CP's assessment determines whether credit terms may be extended or whether a credit enhancement may be required. Part of a CP's...

A best practices approach to cash flow reporting: implications for analysis.
January 1, 2005... Credit analysts are well aware of the importance of cash flow--in particular operating cash flow--to corporate financial health and well-being. Indeed, at the heart of financial analysis is an assessment of a company's ability to generate cash...

NACM's 109th Credit Congress & Exposition.(National Association of Credit Management)
January 1, 2005... JUNE 12-15, 2005 ERNEST N. MORIAL CONVENTION CENTER NEW ORLEANS, LA The 109th annual Credit Congress & Exposition, hosted by the National Association of Credit Management, is the premier event for the business credit and financial...

U.S. firms failing to capitalize on global business opportunities.(Communique)
January 1, 2005... U.S. exports are poised for growth, but many American companies lack the international business know-how to capitalize on this source of increased sales and profits. According to Ena Garay, a partner with Miami-based International Business...

What do credit managers do?(Required Reading)
January 1, 2005... Have you ever found yourself in the position of trying to explain what it is that credit managers do? Rest assured that most individuals happen to "fall" into credit positions. As a matter of fact, in 1924 Dr. Theodore Beckman, a professor...

2004 credit insurance update.(Selected Topic)
January 1, 2005... "A rising tide raises all boats." Don't you love a good year? The bad debt is low, most of the portfolio is doing well and you get to see your family more than your office walls. You take advantage of a good year by seeing a recital,...

NACM credit manager's index: report for November 2004.(National Association of Credit Management)
January 1, 2005... Issued December 1, 2004 National Association of Credit Management 8840 Columbia 100 Parkway Columbia, MD 21045-2158 November '04 CMI-Total: 56.2 CMI-Manufacturing: 57.0 October '04 CMI-Total: 56.2 CMI-Manufacturing: 57.4 % Change...

New report outlines state of small business.(Communique)
January 1, 2005... The U.S. Small Business Administration unveiled a major new federal government report, The Small Business Economy, 2004, which outlines the state of small business and its contributions to the economy. "In 2003, the overfill economic...

Designees.(names of credit manager's designation examination passers)
January 1, 2005... The National Accreditation Committee and the NACM-National Education Department are pleased to announce the Credit Business Associates[TM] (CBA[SM]), Credit Business Fellows[SM] (CBF[SM]) and Certified Credit Executives[R] (CCE[R]) who...

Texas mechanics' lien and bond claims.(Required Reading)
January 1, 2005... Texas is perhaps the most difficult state in which to perfect a mechanics'/materialman's lien or a claim against a surety's payment bond. Many a subcontractor or supplier has not received payment for equipment or material provided, because when...

Outsourcing has no easy answers.(Selected Topic)
January 1, 2005... In a world of global competition, not only is outsourcing inevitable, but it requires very complex solutions. There is 110 silver-bullet solution. However, competitiveness is the key weapon against social inequality and unemployment associated...

Meet Albert Lewis, Jr., CCE.(certified credit executive)
January 1, 2005... "Change has been the only constant in the business credit environment, and has taken us to new and dynamic frontiers." "A career in the credit field was not on the radar screen when I decided to continue my education", begins Al Lewis, CCE....

Verifraud study challenges credit fraud perceptions.
January 1, 2005... Though professionals are certainly finance surprised to hear that credit fraud is an increasing problem, new research by Verifraud shows that the degree of sophistication present with many of today's fraud attempts is quite surprising. The...

Breakthrough performance management: tying performance metrics to business strategy.(Selected Topic)
January 1, 2005... Key market forces--regulatory, competitive, and economic--are driving dramatic change for virtually all businesses today. Since most organizations have largely squeezed costs as much as possible, they now face significant pressure to grow the...

How to manage a contract in China.(International section: business credit)
January 1, 2005... Since China joined the World Trade Organization in December of 2001, United States exports to China have been on the rise. In 2002, exports increased by 15 percent, and in 2003, they increased by 30 percent. But as American business interests...

Hot spots: Pakistan.(International section: business credit)
January 1, 2005... Two recent developments underscored how far the country has come in strengthening its international financial position: A premature termination of its IMF pact, and an impending sale of Islamic bonds that will, no doubt, be well-received by...