Business Credit articles from January 2006

Business Credit archives from January 2006

Calendar of events 2006.(Calendar)
January 1, 2006... (a) = Audio Teleconference (b) = Online Course JANUARY January 1 Deadline to apply for the March 6 CBA, CBF, CCE Designation Exam Test Date NACM Meetings Dept. (b) January 9-April 1 Business Law: Online Course NACM Meetings...

Instant messaging: solving the security problem.(SELECTED TOPIC)
January 1, 2006... Jerry Askew, a legal technology expert and head of Askew Network Solutions, recalls a law firm relocation that placed a partner down the hall away from his secretary. When a phone call came in, the secretary would have to yell down the hall to...

How scoring can prioritize collections strategies and lower DSOs.(SELECTED TOPIC)(daily sales outstanding)
January 1, 2006... Scoring has been a very hot topic in the credit world over the past three years. Many issues have been driving this trend, including Sarbanes-Oxley compliance, lower technology and modeling costs and better education on scoring. A recent survey...

Member profile: meet Susan Delloiacono.(Brother International Corp.)(Interview)
January 1, 2006... Meet Susan Delloiacono, Director of Credit, Brother International Corporation. To many of you, Susan Delloiacono is a familiar name--if not a familiar face. You might have seen her teaching a seminar at Credit Congress, or at an NACM...

"Best practices" ideas utilized by Nestle companies.(HEADLINE)(Ex-Im Bank's medium-term insurance or loan guarantee for export)
January 1, 2006... Dwight Anderson, CCE, Credit Analyst for Perrier Group, a subsidiary of Nestle Waters North America, submitted the following "best practice" to Business Credit magazine. Nestle owns a number of U.S. based companies, each of which has its...

Smart start to RFID: initiating a smart label pilot.(SELECTED TOPIC)(radio frequency identification )
January 1, 2006... Over the next few years, radio frequency identification (RFID) will be required at more and more organizations. Ready or not, your organization will need to investigate how to best deploy and leverage the technology. Using encoded smart...

Adopting best practices yields results.(Cover story)
January 1, 2006... Credit professionals must always learn new techniques or tricks of the trade that help them perform their jobs better. In today's environment, where many credit professionals must operate with shrinking staff and resources, it is more important...

An identification of the tasks essential for job advancement in business credit.(Survey)
January 1, 2006... Exceptional careers in credit management are forged by understanding potential of the credit department and then building bridges. The underlying goal of all credit department bridges is to enhance corporate profitability. There are bridges...

2005 Litigation Trends Survey shows high rate of disputes.(REQUIRED READING)
January 1, 2006... Fulbright & Jaworski L.L.P. In its latest annual 2005 Litigation Trends Survey, the international law firm Fulbright & Jaworski L.L.P. has found that litigation has become the great equalizer of the modern corporation. Regardless of size,...

Optional activities.(Calendar)
January 1, 2006... Sunday, May 21, 2006 Music City, USA 9:00am-1:00pm * $65.00 per person On this exciting tour you see the many faces that make up Music City, USA. It begins with a driving tour of Music Row, home of recording studios and music...

Networking events.
January 1, 2006... Credit Congress is the one opportunity each year to build and strengthen long-term relationships that will multiply your professional resources: Make the most of this year's offerings and make the connections you need. Here are some wonderful...

Best practices for staff development.(SELECTED TOPIC)
January 1, 2006... Asking job candidates where they see themselves in five years is a standard question in many interviews, but how many managers actually help them get there once they're hired? Credit professionals want growth opportunities, and companies that...

Recent developments in director liability.(REQUIRED READING)(Directors' and officers' liability insurance)
January 1, 2006... The last two years have seen significant developments regarding director liability in shareholder lawsuits. Two notable developments have been the erosion of the protection provided by so-called "exculpation" clauses that many corporations...

A trade creditor's setoff rights in bankruptcy: no slam dunk.(CREDIT COLUMN)(USAT'S Claim Against Delphi Corp.)(Column)
January 1, 2006... When a trade creditor has shipped goods or provided services to a financially distressed company that files bankruptcy, the creditor may be left with an unsecured claim that ranks at the bottom of the claims priority totem pole and enjoys slim...

The ABCs of defending bankruptcy preference claims.(CREDIT COLUMN)(Column)
January 1, 2006... Few businesses that extend unsecured credit to their customers have escaped the grasp of a bankruptcy trustee's power to recover "preferential transfers." Bankruptcy preference taw seems to represent the embodiment of the phrase "adding insult...

NACM Credit Manager's Index: report for November 2005.(CREDIT MANAGER'S INDEX)(National Association of Credit Management )
January 1, 2006... The Credit Manager's Index rose to 57.4 in November, above October's 56.6. The Index is now 1.2% higher than last November and represents solid economic growth. An improvement in bankruptcy filings of 9.6% in manufacturing and 8.2% in services...

Lean sourcing: creating sustainable purchasing savings.(SELECTED TOPIC)
January 1, 2006... In the past decade the concepts of "lean" and "strategic sourcing" both made it onto the corporate main stage, separately capturing the executive and media spotlight. Outsiders viewed lean as an art practiced by operational wizards or "Six...

Keys to success: six keys to prepare for change.
January 1, 2006... Change Management Learning Center Below is a compact summary to utilize when preparing for change. Each of the six keys to preparing for change are summarized, and their importance is explained. Use this model in your organization when...

Federal Judiciary: bankruptcies filed up 10 percent.(Brief article)
January 1, 2006... Bankruptcy cases filed in federal courts grew 10 percent in fiscal year 2005, according to the Administrative Office of the U.S. Courts--rising to the highest number of bankruptcies ever filed. During the 12-month period ending September...

Leadership challenges for challenging times.(SELECTED TOPIC)
January 1, 2006... As the 21st century picks up steam, the challenges facing the credit industry are greater than ever. Every aspect of the professional's job, from internal policies and procedures to legislation and evolving technologies, is subject to a...

North Carolina Lien law.(CONSTRUCTION CORNER)
January 1, 2006... In a typical construction contract, an owner of real property enters into a contract with a contractor to construct a building. The contractor may hire subcontractors to perform some or all of the work. The contractor or the subcontractors will...

Business failures to rise in 2006.(HEADLINES)(Brief article)
January 1, 2006... As a result of the slowdown in the world economy (just 3 percent growth), 2005 shows a clear change in the trend of business casualties. The Global Index of Business Failures created by Euler Hermes credit insurance is thus expected to rise by...

The world slow-down that began in 2005 will continue in 2006.(HEADLINES)
January 1, 2006... The fall in American business failures that we have seen since 2001 continued during the first half of 2005. From 40,000 cases in 2001 the numbers dropped steadily to 32,400 at the end of the second quarter of 2005 in annual terms (-9 percent...

Extending credit in today's business environment: NACM-Canada's 7th Annual Credit Conference and Expo In Ottawa.(National Association of Credit Management)
January 1, 2006... Approximately 90 credit professionals from Canada, the U.S. and Saudi Arabia gathered at the October NACM-Canada 7th Annual Credit Conference and Expo in Canada's national capital of Ottawa. The focus of the 2005 Conference was Extending Credit...

Hot spots: Poland.(INTERNATIONAL SECTION)
January 1, 2006... As a new member of the European Union, with an economy still in transition, Poland would have needed a strong new government; one representing a cross-section of the political spectrum which could truly speak for the nation as a whole. What...

Global business credit 2005: mastering international credit.(International Credit Managers)
January 1, 2006... International Credit Managers, those involved in financing international sales, and others who monitor and analyze global economic, financial and political trends met in West Palm Beach, Florida for the 16th annual FCIB (Finance, Credit and...