Business Credit articles from March 2001

Business Credit archives from March 2001

If It's Not NACM--It's Not About Business Credit.(National Association of Credit Management)(Brief Article)
March 1, 2001... It wasn't all that long ago that it seemed that we, as an organization, lost our focus--investing our energy in internal political issues, rather than focusing on building for our future. Those days are behind us; your National Board of...

Build Your Business from the Inside out: Four Keys to Employee Empowerment That Will Help Your Business Grow.(Brief Article)
March 1, 2001... No matter what your business, your employees are the backbone of your company. When they're happy and productive, sales will flourish. However, if your employees feel dissatisfied or as if they're Lacking control, their discomfort will come...

Officer Nominees for the National Board of Directors.(National Association of Credit Management)
March 1, 2001... In accordance with the election process for Officers of NACM-National, we have included for your perusal the candidates applying for the open positions. The Chairman of the Board and Chairman-Elect serve for a term of one year. Four of the...

Money, Money Everywhere, Yet They Still Pay Late! Granting Credit Doesn't Have to Be a Gamble.
March 1, 2001... This article has been adapted from a speech presented to CMAC attendees at a conference in Las Vegas in October 1998. The ideas presented are worth repeating here. You simply need to imagine yourself in a casino hotel as you read on. The...

Mexico Enters the Global Arena.
March 1, 2001... Just ten years ago, Mexico was a closed economy with seemingly insurmountable problems. Today, it's a different story. With a population approaching 100 million and a GDP of nearly $500 billion, Mexico is the eleventh largest economy in the...

Hot Spots: China.(Brief Article)
March 1, 2001... The PRC is already a key overseas sales territory for the US. It will undoubtedly become ever more important in the wake of the bilateral 1999 trade pact between Beijing and Washington, which commits China to open a wide range of markets in...

Buddy Baker Going Global.(ABN AMRO Bank N.V.)
March 1, 2001... Walter (Buddy) Baker works for ABN AMRO Bank in their Global Trade & Advisory area, which is based in Chicago. He is Head of Product Management for North America and Global Co-Head of Operational Risk Management. A long-standing member of FCIB,...

Uncovering Value -- NACM Exposed.
March 1, 2001... It was a sultry night. I'd been pouring over my accounts receivable, which were well past due of course. I had been so busy lately that I hadn't had time to collect my money. Somewhere between "30 days past due" and "ready to send for...

Business Credit Scoring--A New Approach.
March 1, 2001... Credit scoring models have been used in the consumer credit market for quite some time. Based on the success of these models in assessing and calibrating risk, business credit providers are increasingly using scoring systems in decisioning....

Get Your Burger, Fries and Fresh Fruit, Hold the Broccoli. Applying the PACA Trust to Restaurants and Other Food Establishments.(Perishable Agricultural Commodities Act of 1930)
March 1, 2001... Introduction Until recently, a restaurant that filed for bankruptcy or was otherwise financially troubled was no different than other troubled companies. Secured creditors had a prior claim to the restaurant's cash and other assets,...

The Future of Decisioning in the A/R Process.(credit scoring)
March 1, 2001... Credit scoring can be defined as a method of evaluating the credit worthiness of your customers through the implementation of a formula or set of rules. Testing the credit worthiness of your customer base via a credit scoring model is by no...

Behavior Scoring.(credit management)
March 1, 2001... In today's competitive and ever-changing business marketplace, it is more important than ever to maintain a competitive advantage, particularly when it comes to back-end decision automation. Credit and collection managers are continually faced...

Rules Based Credit Scoring.
March 1, 2001... The validity and usefulness of credit scoring for businesses has been debated, sometimes intensely, for many years. Articles have been written about the pros and cons, and why you should or should not use a credit scoring approach. You may...

The Application of Neural Networks to Credit Scoring.
March 1, 2001... Of the credit scoring methods currently in general use, neural networks is the least well known. However, it may be the most powerful decision support technology available for solving this problem. This article will introduce you to neural...

What Are Your Rights as a Vendor Under the Bad-Check Laws?
March 1, 2001... Your credit analysis concludes that a new corporate customer may be too much of a credit risk, so you insist on a C.O.D. sale. You authorize shipment with your delivery driver to pick up a corporate check from your customer with delivery of the...

Portfolio Risk Management -- An Evolving Approach.
March 1, 2001... Credit is an integral part of commerce, and the management of credit risk has evolved from individuals' interpreting broad corporate policy to sophisticated methodologies that enforce consistent analysis and decisions. It is interesting to note...

Get Better Mileage for Your Information Dollars.
March 1, 2001... Thanks in large part to the Internet, data acquisition costs have been plummeting throughout the global economy. Unfortunately, this is not the case for the information product that is of paramount concern to credit departments. Commercial...

Mechanics' Liens in Colorado.
March 1, 2001... NATURE OF LIEN RIGHTS In Colorado, a mechanic's lien is only obtained when the claimant strictly follows the requirements of the mechanic's lien statute, C.R.S. [sections] 38-22-101, et seq. In general, any person who furnishes labor or...

Credit Risk, the Economy and Your Business.
March 1, 2001... On December 19, 2000, at its regular meeting, the Federal Reserve Open Market Committee warned of the drag on the economy from rising energy costs, eroding consumer confidence and shortfalls in sales and earnings. On January 3, 2001,...