Business Credit articles from March 2009

Business Credit archives from March 2009

April.(Brief article)(Calendar)
March 1, 2009... Apr 6 Teleconference: Legal Issues and Credit Presenter: Wanda Borges, Esq. NACM Meetings Dept, 410-740-5560 Apr 15 Teleconference: Taking the Fear Out of Financial Statements Presenter: Toni Drake, CCE NACM...

May.(Brief article)(Calendar)
March 1, 2009... May 4 Online Course Sessions Begin for Accounting, Business Law and Credit Law NACM Meetings Dept. 410-740-5560 May 6 Teleconference: Providing Senior Management the Facts on Financially Distressed Key Customers ...

Top ten: get the most out of Credit Congress.
March 1, 2009... 10. Prepare your goals in advance. Make sure you know exactly what it is you want to take away from Credit Congress. Prepare a list ahead of time and match up your goals with the sessions offered--what do you want to achieve professionally and...

Beware: how you bill goods and services may impact your right to priority payment under the Bankruptcy Code.(Case overview)
March 1, 2009... Section 503(b)(9) of the Bankruptcy Code provides that sellers of goods which were delivered during the final days prior to a bankruptcy petition date are entitled to priority. In manufacturing company Chapter 11 cases, these claims may involve...

Collecting in a tough economy using statistical collection scoring technology.(selected topic)
March 1, 2009... Managing collections cost-effectively has never been more critical than in today's economy. Companies are dealing with resource constraints and more and more accounts are paying slower, leading to more accounts in collections, which produce...

Hot spots: Singapore.(managing credit in financial meltdown)
March 1, 2009... As the world financial crisis spreads and countries around the globe see their economies weaken and slide into recessions, most governments seek to overcome tight credit and worsening business conditions by pumping up their own spending and...

Is a debtor's credit card payment a preference? The U.S. Tenth Circuit Court of Appeals speaks.(credit column)(Case overview)
March 1, 2009... A debate has raged over whether a debtor's payment by credit card, such as through a balance transfer from a credit card account, is a transfer of an interest of the debtor in property that would give rise to a preference claim. The United...

Credit insurance update--2009.(selected topic)
March 1, 2009... "You never know who is swimming naked until the tide goes out."--Warren Buffet Previous credit insurance updates printed in this magazine have been about profitability and operational issues, but it seems appropriate to focus on the claims...

Not getting lost in the flood: learning the complete profile of your customers.
March 1, 2009... The United States is facing a long road to recovery. Businesses are mired in an epidemic of souring consumer confidence that has swept through and ravaged sectors from construction, to retail, to big ticket items and beyond. Optimism from small...

Receivables management and collector effectiveness: delivering bottom-line results through strategic performance management.(selected topic)
March 1, 2009... Effective receivables management is based on the synergies of three key components: people, processes and technology. While many companies have invested in new technology and adopted best practices, recent research from the Hackett Group has...

To the moon and back and back again.(extra credit)
March 1, 2009... As the first decade of the new millennium comes to a close, the world is on the cusp of realizing a moment only discussed in science fiction: human beings walking on the surface of another world. The United States is at the forefront of a...

NACM's 113th Credit Congress & Expo: June 14-17, 2009.(Orlando, Florida)
March 1, 2009... Conference Information [ILLUSTRATION OMITTED] Welcome to NACM's comprehensive coverage of the 113th Annual Credit Congress & Exposition! I am looking forward to once again visiting Orlando, Florida, this year's host city. Though...

Squeaky wheel gets the grease: the case of the credit rating industry offers a lesson to risk managers worldwide.(International feature)
March 1, 2009... [ILLUSTRATION OMITTED] The causes of the global financial meltdown have been pored over and discussed ever more vividly and frequently since banks started folding and bailout measures were passed in the last half of 2008. While it was easy...

NACM's Asset Protection Group partners with Verifraud.(TRADELINE)(Brief article)
March 1, 2009... The National Association of Credit Management (NACM) is pleased to announce that NACM and Verifraud have reached an agreement whereby Verifraud will run the operations of NACM's Asset Protection Group (APG). Partnering with Verifraud, an...

Credit @ work.
March 1, 2009... Dear Andy, Q: Like many other businesses, my company has scaled back perks and raises until more positive economic signs emerge. Do you have any suggestions for keeping employees inspired to do their best work when the usual sources of...

Finding out what's behind the numbers.(credit @ work)(Brief article)
March 1, 2009... [ILLUSTRATION OMITTED] [ILLUSTRATION OMITTED] [ILLUSTRATION OMITTED] Teaching the credit masses continued at the January 25-30 Financial Statement Analysis course held at NACM-National headquarters in Columbia, Maryland....

Get ready for the FTC's Red Flags Regulations and Guidelines.(credit column)(Federal Trade Commission)
March 1, 2009... In May 2009, the FTC will begin to enforce the Red Flags Regulations and Guidelines which require most creditors and financial institutions to adopt a written program to detect, prevent and mitigate identity theft in connection with the new...

NACM Credit Manager's Index: report for January 2009.(CMI)(Report)
March 1, 2009... The seasonally adjusted Credit Manager's Index (CMI) fell 0.4% to a record low of 39.7 in January, its sixth consecutive decline. All 30 components in the indexes are below the 50 level signaling economic contraction; 13 are even below 40,...