Business Credit articles from October 2002

Business Credit archives from October 2002

Are Credit Repair Companies teaching clients how to commit fraud? (The Scoop).
October 1, 2002... There is no such thing as credit repair, except through steady consistent payments to creditors! Many "Credit Repair Companies" are teaching customers how to create a new "credit identity" for a nominal fee. Customers are given a nine-digit...

Steps in the collection process. (The Scoop).(legal guide book on collections)
October 1, 2002... Want an all-encompassing legal guide on collecting commercial past-due accounts? The Manual of Credit and Commerical Laws, 93rd edition outlines what you can and can't do, as well as provides information on prompt pay legislation, debt pooling,...

The two-pronged approach. (The Scoop).(instruction on standards for risk assessment in the commercial credit industry)
October 1, 2002... While some companies struggle with whom and how much credit to give, other companies seem to have the well-balanced grasp on this phenomenon, thus leading to organizational growth and prosperity. What is the driving force behind the confident...

Financing the new frontier. (The Scoop).(overview of the political and economic conditions in Latin America)(Brief Article)
October 1, 2002... Latin America represents one of the most attractive export Regions in the world. With 514.7 million people in 33 countries, the continent south of our border is ripe with customers and companies wanting to buy and sell U.S. products and...

Are you ready for electronic invoicing? (The Scoop).(U.S. Department of Defense requirement for electronic invoicing)(Brief Article)
October 1, 2002... The Department of Defense is proposing to amend the Defense Federal Acquisition Regulation Supplement (DFARS) to implement Section 1008 of the National Defense Authorization Act for Fiscal Year 2001. Section 1008 requires contractors to submit,...

NACM Calendar.
October 1, 2002... OCTOBER October 10-11, 2002 NACM Chicago Midwest--Credit Conference 2002 Donald E. Stephens Convention Center, Rosemont, IL For more information, please conitact Michelle Lungren of NACM-Chicago Midwest at 847/253-6241. ...

NACM-National--at your service. (National Commentary).
October 1, 2002... As NACM-National Chairman, I visit NACM headquarters fairly often. However, I realize that many members do not have the same opportunity, and thought it would be appropriate to fill you in on what the department staff at National do and what...

Working smart: new education requirement poses challenges for accounting. (Selected Topic).(standards, laws, and educational requirements for accountants)
October 1, 2002... Kelly Financial Resources[R] As valuable and needed as the increased educational requirements are for Certified Public Accountants (CPAs) the new standard is producing dramatic consequences for the accounting profession and the business...

Solid rock or sinking sand: redefining banking through electronic activities under proposed Subpart E. (Selected Topic).
October 1, 2002... Perhaps it is always hard to see the bigger impact while you are in the vortex of a change. Failing to understand the consequences of our inventions while we are in the rapture of discovery and innovation seems to be a common fault of...

As credit department goes electronic, consider e-mail policy. (Legal Corner).
October 1, 2002... The hazards of e-mail, both retaining them anti not doing so, have made headlines. With Enron, on the one hand, a stored e-mail from in-house counsel raising concerns about accounting improprieties served as a roadmap for federal prosecutors....

Cash flow and strategic partnering: understanding what you don't control. (Selected Topic).
October 1, 2002... Thirty days have passed. Payment is still not received. With effort, you reach the accounts payable rep. When that accounts payable rep tells you that they cannot pay because the invoice is wrong or information is missing, it creates a long...

Driving electronic billing adoption. (Selected Topic).
October 1, 2002... It wasn't very long ago that the ATM machine was something only the brave, techno-savvy consumer dared to try. Many of us remember the first time we took the frivolous risk of allowing the machine to grab our card as we silently hoped it would...

Internet extends reach of EDI web forms popular with smallest companies; web services coming soon.
October 1, 2002... Two years ago, International Playthings Inc. was doing business the old fashioned way--faxes, letters of credit, and a great deal of sitting around and waiting for various documents. There weren't a lot of examples yet of companies that...

Scooby Doo and Powder Puff Girls vs. Madeline: what intellectual property licenses are assignable in bankruptcy? (Business Law).(protection of copyrights and patents during bankruptcy)
October 1, 2002... Introduction This is the Business Credit issue dedicated the Internet. So, the writer has decided to get with the program and go high tech! And with all of the recent telecom and high technology bankruptcies, the time is right. Even more...

The critical importance of information security to financial institutions. (Selected Topic).
October 1, 2002... American corporations currently face potential annual losses exceeding $250 billion from intellectual property theft, and as financial institutions move more of their products and services online, their vulnerability to theft, fraud and other...

Managing receivables in the digital economy.
October 1, 2002... The age of technology has revolutionized and diversified the ways in whic we conduct business. Transactions are no longer bound to person-to-person exchanges, and we now have a multitude of options for the payment of goods or services....

A great reputation speaks for itself.(advertisement)
October 1, 2002... For more than 50 years, Robert Half Finance & Accounting has been the world's first and largest recruiting firm specializing in the placement of accounting and finance professionals. Listed below is a sampling of positions available through...

"E" is just technology: the core treasury role continues. (Selected Topic).(methods and management of e-commerce)
October 1, 2002... ABN AMRO's Global Transaction Services For forward-thinking corporates, e-commerce means transitional strategies integrating old and new ways to manage working capital. When pronounced properly, the "e" in e-commerce should be almost...

Proactive collection practices. (Selected Topic).
October 1, 2002... Has this ever happened to your company? A long-time customer, with whom you have done a ton of business, just missed a huge promised payment. He doesn't have the money and he doesn't know when he'll have it. What do you do? For any company, it...

Extending credit to a Chapter 11 debtor-in-possession. (Selected Topic).
October 1, 2002... With a weak economy and mixed signals over whether it is improving, the number of bankruptcies experienced by many companies (creditors) among their customers is increasing, and the need to examine credit decisions closely has become critical....

Canadian bankruptcy: the first meeting of creditors. (International Affairs Section).
October 1, 2002... Editor's note: A previous article "Insolvency: The Canadian Landscape" appeared in the May 2002 issue of Business Credit providing an overview of the Canadian insolvency regime. This article explores in more detail creditors' rights in Canadian...

UCP500. (International Affairs Section).(examination of banking law on liability and responsibility)
October 1, 2002... This tenth commentary on UCP500 examines Articles 17 and 18. Article 17 The exclusion of liability and responsibility by banks for the "force majeure" circumstances described in Article 17 may cause little surprise--a case of banks...

Hot spots: Chile; international insight. (International Affairs Section).
October 1, 2002... It is becoming increasingly clear that the economy's performance, in absolute terms, will be weaker this year than almost anyone anticipated at the outset, but relative to the rest of Latin America the country will still do remarkably well. In...

Leveraging a tough economy to improve risk management: how credit managers can take advantage of a difficult economic environment to implement a consensus-building credit policy. (Selected Topic).
October 1, 2002... The current economic downturn offers credit managers an opportunity to exercise their influence and implement better credit policies on behalf of their employers. For much of the go-go decade of the 1990s, credit managers saw their job of...

Mechanic's Liens in New York. (Construction Corner).
October 1, 2002... INTRODUCTION New York State has had a comprehensive mechanic's lien statute since 1897. Designated as Article 2 of the Lien Law, the statute was rewritten in 1909 and has been periodically amended since. The mechanic's lien rules in the...

Beyond disaster recovery: architecting a business continuance solution capable of yielding real business value. (Selected Topic).
October 1, 2002... E-mail arrives day and night. The World Wide Web never closes. You're always 'on and you're always open. Your window to close out the day and begin anew is shrinking faster and faster. Information and people are the cornerstones of your...

Where is your company in the food chain? (Selected Topic).(review of successful credit management and business methods)
October 1, 2002... This may seem like an off-the-wall question for credit professionals to contemplate. However, given today's economy, it may be relevant to many. Your company, regardless of industry, products produced or distributed, annual revenues,...