Business Credit articles from July 2007

Business Credit archives from July 2007

September/October.
July 1, 2007... Sept 3-7 Financial Statement Analysis Presenter: James A. McIntyre, CCE NACM Meetings Dept. 410.740.5560 Sep 4-Dec 15 Accounting Online Course Registration open from May 21-July 13, 2007 NACM Meetings Dept....

Let's talk about fraud.(commentary)
July 1, 2007... At the end of the year, many companies write off bad debts without a second thought. How many times have those accounts actually been investigated for fraud? It is time that we equip ourselves with the tools and knowledge to prevent these...

NACM's newest designees.(National Education Department)
July 1, 2007... The National Accreditation Committee and the NACM-National Education Department are pleased to announce those who successfully passed their designation exams--our newest Credit Business Associates[SM] (CBA[SM]), Credit Business Fellows[SM]...

Credit transactions may be eligible for the Section 547(c)(1) contemporaneous exchange for new value defense to preference exposure: the Third Circuit Court of Appeals speaks.(credit column)(Universal Forest Products Inc.)(Hechinger Investment Company of Delaware, Inc.)
July 1, 2007... Just as I was pondering a summer of relaxation and a short sabbatical from writing, the United States Court of Appeals for the Third Circuit, in Hechinger Investment Company of Delaware, Inc. v. Universal Forest Products, Inc. (the "Hechinger...

The perfect match? Strategic planning and the business credit professional: a number of recently published articles could, in a way, be described as mildly foreboding for the business of business credit. Developments in credit scoring have received a fair share of pages, as has the outsourcing of finance applications and credit tasks.
July 1, 2007... Credit card use in business-to-business transactions, while perhaps not a threat to the actual profession, signals the move to increased automation in order processing and is perhaps indicative of a speedier, less human credit decision process...

How technology is driving the changing role of the credit professional.(selected topic)
July 1, 2007... As the business world becomes increasingly reliant on the Internet and its supporting technologies, today's credit professional finds himself at a crossroads. With the environment changing so quickly, the credit professional must constantly...

Kentucky construction statute update.(HEADLINES: NACM)(Brief article)
July 1, 2007... Construction creditors doing business in the commonwealth of Kentucky should be on the lookout for a new set of statutes that will affect how business is conducted and how payment is collected. House Bill 490, commonly known as the Kentucky...

General economy, taxes, cost of materials now greatest concerns of manufacturers.(HEADLINES: SBRB)(Survey)
July 1, 2007... The general state of the economy, taxes and the cost of materials were the three leading concerns of small manufacturing businesses during the second quarter of 2007 according to the latest Small Business Research Board (SBRB) study released on...

Search: the nation's leading fraud database.(extra credit)
July 1, 2007... As a credit professional, what would you expect from a database to prevent fraud? NACM's Asset Protection Group (APG) possesses a one-of-a-kind fraud database--SEARCH. Containing decades of independently verified fraudulent activity and...

The 2007 national honors & awards program: NACM and the National Honors and Awards Committee congratulate our 2007 national award recipients.
July 1, 2007... NATIONAL CREDIT EXECUTIVE OF THE YEAR The National Credit Executive Award seeks to single out an individual who has made significant contributions to the credit profession at a national level. Whether it's through local and national, local...

NACM Credit Manager's Index: report for June 2007.(CREDIT MANAGER'S INDEX)(Report)
July 1, 2007... Combined Sectors The seasonally adjusted Credit Manager's Index (CMI) rose a modest 0.5% in June as a 1.1% increase in the manufacturing sector offset a 0.2% decrease in the service sector. Results throughout the survey showed mostly small...

Growth economy boosts demand for credit professionals.(selected topic)(Report)
July 1, 2007... Economic growth is driving strong demand for credit and collections professionals. Across the country, recruiters report that companies are expanding their teams to support revenue growth and capitalize on new business opportunities. While...

Credit@work.(Survey)
July 1, 2007... Dear Andy, I've noticed staff members spending more and more time on "recreational" Internet usage. I'm concerned this is affecting productivity and setting a bad precedent within the office. What do you suggest I do about this problem?...

110th Congress revisits data security issue.(extra credit)
July 1, 2007... Hacked computer networks, lost and stolen laptops containing personal information and the horror stories of consumers' financial losses and headaches of trying to recover from having their identities stolen have permeated the news media for the...

NACM's 111th Las Vegas Credit Congress & Exposition: June 10-13, 2007 Bally's Las Vegas.
July 1, 2007... Credit Congress hits the jackpot NACM's 111th Credit Congress in Las Vegas was a rousing success. It was the best-attended congress in several years and the consensus from attendee feedback was overwhelmingly positive. Great events such as...

Europe readies for unified payments system.
July 1, 2007... Most of Europe will soon take another step toward making it a unified economic power. Starting Jan. 1, 2008, the first stages of SEPA, or the Single Euro Payments Area, will take effect. When it is fully implemented by the end of 2012 by both...

Hot spots: Colombia.(hot spots)
July 1, 2007... The economy is continuing to make good progress for now, but the government is starting to lose vital U.S. support and, over time, this will leave its mark. Real GDP grew by as much as 7.98% in the first quarter of 2007, measured year-on-year,...

FCIB-China and Zhejiang Administration Bureau of Industry and Commerce sign cooperation agreement.(HEADLINE)
July 1, 2007... FCIB China signed a cooperation agreement with Zhejiang Administration Bureau of Industry and Commerce to exchange business credit information and promote credit management training. The increase in international trade had an enormous effect on...

2007 NACM Regional Conferences.(Calendar)
July 1, 2007... All-South Conference September 16-19, 2007 DFW Hilton, Grapevine, TX For more information, please contact NACM Southwest, 972.518.0019. Central Region Credit Conference September 18-19, 2007 St. Charles...