Business Credit articles from June 2002

Business Credit archives from June 2002

Got cash flow? CCR (Central Contractor Registration) update. (The Scoop).(Brief Article)
June 1, 2002... The Treasury Department and all its bureaus are fully adopting the Central Contractor Registration (CCR) system of the Department of Defense for vendor registration (replacing the SF-129) and Electronic Funds Transfer payments (replacing the...

Anything worth having. (The Scoop).(credit management training and certification)(Brief Article)
June 1, 2002... As the adage goes...anything worth having is worth working for. Certification candidates will attest to the fact that earning a Professional Designation requires hard work and dedication. They also know that their designations, therefore, have...

How to beat the fraudsters at their own game. (The Scoop).(Brief Article)
June 1, 2002... When customers submit a credit application for a line of credit with your company, a good procedure is to have them send the application in via U.S. Mail. This gives your company an advantage. If any material misrepresentation is made on the...

The critical importance of information security. (The Scoop).(Brief Article)
June 1, 2002... In order to develop a comprehensive information security program, it is critical to understand the nature and type of information requiring protection. This means evaluating the sensitivity of individual applications and data, including...

Strength in numbers and the Magic of Working Together. (National Commentary).(Brief Article)
June 1, 2002... The theme of this year's Credit Congress, the Magic of Working Together, captures the progress we have made in the past leadership year. We held our first joint meeting of the National Board of Directors and Affiliate COOs and CEOs in December,...

New Bankruptcy Rules may become effective December 1.
June 1, 2002... It is expected that the U.S. Supreme Court will adopt proposed amendments to the Federal Rules of Bankruptcy Procedure, and order that they be transmitted to Congress. If Congress takes no action, these amendments will become effective December...

Bankruptcy courts continue to recognize the essential vendor doctrine--The judicial approval of a preference. (Legal Corner).(Brief Article)
June 1, 2002... Vendors are wrestling with bankruptcy trustees and liquidating agents in record numbers over the bankruptcy preference. The bankruptcy preference requires a vendor to give back payments received within the 90 days prior to the bankruptcy...

How to hire top talent in today's market.
June 1, 2002... As a credit manager, one of your most import ant responsibilities is finding and hiring the best staff. After all, having qualified and motivated employees is essential to your department's success. The right team can make all the difference in...

Credit's role in collaborative commerce.
June 1, 2002... It has become increasingly obvious that e-commerce is not an end unto itself but just one aspect, and admittedly a very important one, of a new commercial paradigm for conducting business in an information-centric environment. A key component...

Credit research foundation examines ERP technology. (Selected Topic).(enterprise resource planning software)
June 1, 2002... Enterprise Resource Planning software, or ERP-those words inspire nightmares to most managers. The name itself is a misnomer, as most credit and receivable practitioners would assert. The acronym appropriately sounds like a digestive reaction...

Credit derivatives and corporates. (Selected Topic).
June 1, 2002... Introduction The use of credit derivatives among service and industrial corporates is growing rapidly as more and more companies are using them to hedge their credit risk exposures. However, there are still many credit professionals who...

Using the internet to forge solid customer relationships: improved customer service leads to improved collections. (Selected Topic).
June 1, 2002... While the importance of building and maintaining strong customer relationships is typically viewed as a sales function, it may just as easily fail on the credit and collections department. As better systems are put into place, and the Internet...

The power of portfolio analytics and the new four C's of credit: Consistency, compliance, consultancy and creativity. (Selected Topic).
June 1, 2002... The consumer credit arena has been and most likely will continue to lead and push advances in automation for the commercial credit space. Consumer lending institutions long ago realized the wealth of information contained within their own...

The reclamation demand: Must it specifically identify goods or will a general demand suffice? (Business Law).(trade creditor's enhanced right of recovery)
June 1, 2002... Introduction Much has been written and spoken about a trade creditor's enhanced right of recovery when it has properly asserted its state law reclamation rights. Bankruptcy law recognizes a trade creditor's state law reclamation rights. A...

10 Presentation skills top executives live by. (Professionals at Work).(strengthening presentation skills and leadership image)
June 1, 2002... You've undoubtedly seen brilliant executives speak at conventions, conferences and even staff meetings. From the moment these people rise from their seat to approach the podium, they have their audience mesmerized and hanging on their every...

Surprise! You're no longer employed -- what now? (Personal Outlook).(tips on exiting a company and job hunting for credit managers)
June 1, 2002... You're sitting in the meeting hearing the words, but it's not real because it can't be happening to you--you are being fired. Everything was going great. The customers were reasonably happy, the sales force didn't hate you this week and your...

How the Credit Department adds value to your company. (Best Article Award).(Brief Article)
June 1, 2002... To understand fully how the Credit Department adds value to your company, you must first understand what the Credit Department does. That's easy, you say--the Credit Department just processes credit applications and makes a few collection...

NACM applauds its Best & Brightest NACM 2002.(National Association of Credit Management awards)
June 1, 2002... Each year, NACM requests nominations for credit professionals deserving of recognition. NACM, led by the National Honors and Awards Committee, looks for nominees who continually strive to improve themselves and their profession while...

Hot spots: Thailand. (International Insight).(financial analysis)(Statistical Data Included)
June 1, 2002... The country has not been finding it easy, domestically, to keep pace with the rebound seen in a number of other economies in the region. Real GDP growth slowed to 2.1 percent (yly) in the fourth quarter of last year. It was just 1.8 percent for...

UCP500. (International Affairs Section).(seventh commentary examines Articles 11 and 13)(Brief Article)
June 1, 2002... This seventh commentary on UCP500 examines Articles 11 and 13. Article 11 This is one of the less problematical Articles. Ideally, authenticated electronic teletransmissions, if complete in all their details, should not be followed up...

Trade credit insurance in the United States - a new platform. (International Affairs Section).
June 1, 2002... Though trade credit insurance was first developed in the United States over one hundred years ago, it has lagged significantly in its development as a mainstream risk transfer product. By comparison, the business in Europe is well developed...

The Servant. (Book Review).
June 1, 2002... James C. Hunter Published by Prima Publishing, 1998 "A simple story about the true essence of leadership." This may be a simple story, but the truths it contains are profound. Its purpose is to teach principles of leadership that are...

International funds transfer: strategic foreign exchange for businesses. (International Affairs Section).(Brief Article)
June 1, 2002... Today's global economy and technological advances are allowing more American businesses to effectively conduct business in the international marketplace. While this has created opportunities for even the smallest companies to compete with their...

California's mechanic's lien law. (Construction Corner).
June 1, 2002... Introduction The sacrosanct principle of fairness is achieved in the construction industry through the mechanic's lien which essentially gives persons or entities that contribute to a work of improvement a security interest in that project...

What makes a good credit manager? (Selected Topic).
June 1, 2002... What is the mark of a good credit manager? Is it their ability to accurately assess credit risk, their success in collecting outstanding invoices, or even their mastery of relationship building? Several months ago, Credico, (part of Coface...

E-Business collaboration tools: changing the face of modern finance. (Selected Topic).(Brief Article)
June 1, 2002... Over the last decade, most companies have implemented robust collaboration across the physical supply chain to shorten the order-to-ship cycle. However, when it comes to the invoice-to-cash cycle, the financial supply chain is still run...

NACM Calendar.
June 1, 2002... JUNE June 3, 2002 NACM Audio-Teleconference Series: Antitrust and Internet Issues for the Credit Executive Presenter: Wanda Bdrges, Esq., Borges Donovan For more information, please contact the NACM Education Department. ...