Business Credit articles from October 2001

Business Credit archives from October 2001

The Day That a New Century Began.
October 1, 2001... Tuesday, September 11, 2001, is a day that will remain etched in our memory for years to come. With the tragedy of lives lost and the symbols of American strength and financial power ripped apart, it is clear that our lives will be forever...

How to Use E-mail to Build Client Relationships and Generate Referrals.
October 1, 2001... In a world moving at a faster pace every day, where people expect their needs to be gratified instantly, there is no better tool for relationship and business building than e-mail. How else could people keep up with the demand for prompt and...

Take Charge of Your Career.
October 1, 2001... These days, more and more people are dissatisfied with their job and yearn for a more challenging position within their organization that will give them intellectual, personal and financial growth. If you are tired of floundering with the same...

Who Was That Masked Man? Using Technology to Aid in the Fight Against Online Fraud.
October 1, 2001... At its core, the solution for reducing online fraud is simple. If a business or organization has a way to validate its customers, it can be more confident that its transactions are authentic and will have a positive effect on the bottom line....

Double-Edged Sword: Technology and Operational Risk Under the New Basel Capital Accord.
October 1, 2001... The Basel Committee on Banking Supervision recently issued for comment a consultative document on The New Basel Capital Accord (New Basel). [1] Within a week of New Basel's issuance, two of my Midwest-based clients--one a bank, the other an...

Electronic Data Interchange (EDI): An Introduction.
October 1, 2001... Definition Electronic Data Interchange (EDI) may be most easily understood as the replacement of paper-based purchase orders with electronic equivalents. It is actually much broader in its application than the procurement process, and its...

Electronic Invoice Presentment and Payment Can Speed Dispute Resolution and Cut DSO.
October 1, 2001... High-tech, Internet-based financial solutions for business-to-business commerce generally have lost steam as investors have pulled back because of the dot-com debacle. One area where online settlement still has a lot of R&D and marketing muscle...

Training--More of a Bottom-Line Issue Than You Think.
October 1, 2001... I once followed a panel when I spoke at a bank presidents' convention where one panel member shared with the group I that he doesn't train people because he's afraid they might leave. Here is a scarier thought--what if they stay? Research...

Reclamation Claims: The Bankruptcy Time Periods for Reclamation Demands Take Precedence Over Longer State Law Period.
October 1, 2001... Under state law, a trade creditor is granted the right to reclaim goods that it had recently sold and delivered to an insolvent buyer. A trade creditor's reclamation rights continue even when the buyer files for bankruptcy. If the creditor...

Selected Legal Aspects of International Sales Transactions: The United Nations Convention on Contracts for the International Sale of Goods.
October 1, 2001... Introduction to the CISG The United Nations Convention on Contracts for the International Sale of Goods (CISG) is a treaty intended to establish uniform rules governing certain aspects of the making and performance of everyday commercial...

Hot Spots: Colombia.
October 1, 2001... From the start of his term in office, President Andres Pastrana had made reaching a peace agreement with the Left-wing guerrillas a top priority of his government. With only about eight months to go to next May's elections, however, and a year...

Will the Internet E-Volutionize Trade Finance?
October 1, 2001... While the Internet and e-commerce have created paradigm shifts in the functionality and liquidity of many financial markets, trade finance has, for the most part, remained unaffected. In fact, buying, trading and selling commercial trade...

Credit and Collections Finds a Home Online.
October 1, 2001... Over the last forty years, computers, faxes and now the Internet have transformed the ways credit and collection pros practice their trade. Computers have profoundly changed how transactions are processed and information is organized. We have...

The B-to-B Virtual Bazaar.
October 1, 2001... Almost overnight, a multitrillion-dollar worldwide bazaar has emerged from the Internet, and companies that never heard of each other before suddenly are trading partners. Being left in the dust is the relationship-based system in which...

When Your Bankrupt Customer Fails to Cooperate: Debtor Prison Returns?
October 1, 2001... Your distributor customer that you've made a significant first-time credit sale to refuses to respond to your e-mails and phone calls regarding the delinquent account. You suspect the debtor has provided you with false information on the credit...

Phony Invoice Schemes.
October 1, 2001... More Work, More Scams A recent workplace survey revealed that, in today's busy business world, 9 out of 10 employees responsible for paying company bills have other major responsibilities in addition to handling accounts payable. Also,...

Georgia's Lien Laws.
October 1, 2001... Mechanics' liens are an important tool to help collect money owed for labor and material furnished to construction projects in Georgia. The lien statutes in Georgia are strictly construed, and a party claiming a lien must strictly comply with...

The Future Role of the Turnaround Specialist.
October 1, 2001... Introduction With impending defaults looming as the economy slows and executive teams that have never dealt with an economic downturn, today's CEO needs to be armed with the appropriate tools to efficiently handle the problems that seem...

Texas Leads a Charge to Dethrone Delaware's Bankruptcy Supremacy: Texas Changes Rules in Bankruptcy Case.
October 1, 2001... Predictability. Among bankruptcy lawyers, it is the ultimate consideration when deciding which federal court best suits a corporate client seeking protection from creditors. For the past decade, that jurisdiction has been Delaware, a...