Business Credit articles from October 2007

Business Credit archives from October 2007

NACM services & benefits.(commentary)(National Association of Credit Management)
October 1, 2007... The National Association of Credit Management (NACM) continues to provide the premier services and benefits members expect. A new tool will be implemented at the turn of the year, a fledgling service grows strong and an established resource...

Bankruptcy and the good humor truck.(selected topic)(Viewpoint essay)
October 1, 2007... I sat on a long bench in the hallway outside of the courtroom, surrounded by people waiting for their hearings. Some had come with their attorneys, some with little children that they couldn't leave at home. Laughter and good humor were in...

Court information costs come down.(TRADELINE)(Brief article)
October 1, 2007... The Administrative Office of the U.S. Courts recently announced that customers of the federal court's Public Access to Court Electronic Records (PACER) system will now have access to district court written opinions free of charge. The office's...

How to maximize ROI with e-marketing tools.(selected topic)(Return on investment)
October 1, 2007... How does your company measure the results of its marketing ventures? If your efforts include a newsletter, you know the value of providing customers or clients with information they need. A focused newsletter is a tool many companies use to...

Good leadership: a company's #1 asset.(TRADELINE)
October 1, 2007... Almost every action requires leadership. In the words of Tom Peter and Nancy Austin of Passion for Excellence, "Leadership is a sacrifice--it is self denial, it is love, it is selflessness and it is humility," The harder you work, the harder it...

Another type of risk: data security isn't just for it anymore.(Editorial)
October 1, 2007... [ILLUSTRATION OMITTED] In an era of what seems to be the near ubiquity of identity theft and cyber crime, Congress has passed and continues to propose legislation that requires organizations dealing in the business of personal and private...

Oregon passes new Data Security Law.(TRADELINE)
October 1, 2007... Following in the footsteps of a nearly decade-long legislative trend, Oregon Governor Theodore Kulongoski recently signed into law State Senate Bill 583, a new stringent set of regulations regarding business and government agencies'...

Meet your Credit Executive of the Year: Curt Rothlisberger, CCE.(member profile)(Editorial)
October 1, 2007... [ILLUSTRATION OMITTED] How does someone become NACM's Credit Executive of the Year? Well, the simple answer is that peers regard and respect you enough as a colleague and professional that they nominate you to NACM's Honors and Awards...

The risks of a single creditor involuntary bankruptcy petition; tread extra carefully!(Column)
October 1, 2007... A trade creditor that has a claim against a financially troubled company might be tempted to join in filing an involuntary petition against the company. A grand way to "stick it" to the debtor? That creditor should think twice and proceed very...

Emerging trends in technology: bringing together the ecosystem of suppliers, buyers, banks, data providers and trading partners.(selected topic)
October 1, 2007... In a recent study published by Aberdeen, titled Technology Platforms for Supply Chain Finance, the burden of manual-intensive processing of financial transactions was ranked as the top pressure driving an increased focus on Supply Chain Finance...

Land that government contract: tips for presenting to the federal government.(extra credit)
October 1, 2007... (An article to pass up the management chain!) Any company that does contract work for the federal government knows that oral presentations are a part of the game. Unfortunately, because giving a federal government presentation is so...

FTC data security tips.(Federal Trade Commission)(Column)
October 1, 2007... When dealing with data security, it's easy to get lost in the many rules and regulations that determine whether your company is compliant or not. Luckily, the Federal Trade Commission (FTC) has offered the following tips on how best to comply...

NACM hosts first MLBS lien seminar.(TRADELINE)(National Association of Credit Management)(Mechanic's Lien and Bond Services)(Brief article)
October 1, 2007... Greg Powelson, president of NACM's Mechanic's Lien & Bond Services (MLBS), recently delivered a seminar entitled "Building the Optimal Construction Credit Department," at NACM's headquarters in Columbia, MD. Powelson focused on the complex...

FACTA update: new study shows imminent FACTA regulations could have disruptive effects for new credit business.(selected topic)(Fair and Accurate Credit Transaction Act)
October 1, 2007... While the final compliance dates for Section 15 of the FACTA legislation are looming, a recent data study by identity fraud protection company ID Insight, Inc., reveals that manual review rates and operational costs associated with originating...

Immigrant entrepreneurs are fueling U.S. technology and engineering companies.(HEADLINE)
October 1, 2007... While the contribution of skilled immigrants to America's technology and engineering startups has been recognized for the past decade as critical to the emergence of many of America's most entrepreneurial companies and huge, new industries,...

Want the majority of business? Then think minority!(extra credit)
October 1, 2007... More than one million new immigrants enter the United States every year. Add to that the nearly 80 million multicultural Americans who are already here, and you have a tremendous group of potential customers and clients who can positively...

NACM's newest designees: July 23, 2007.
October 1, 2007... CBA Dyanne S. Adams Shell Oil Products US Houston, TX Deanne Addis Roofing Supply Group Utah Inc. Salt Lake City, UT Antonio Anguiano Covad Communications Co. San Jose, CA Maria Ayala Mayer...

Copyright holder has trouble dealing with rejection: the Eleventh Circuit teaches a harsh lesson to a rap artist that failed to protect himself in his contract or in the Chapter 11 case of his recording company.(selected topic)
October 1, 2007... The Eleventh Circuit's recent decision in Thompkins v. Lil' Joe Records, Inc. provides a graphic illustration of how bad things can happen to copyright holders who do not factor in the potential bankruptcy of another contracting party. The...

How to sell your claims.(credit column)
October 1, 2007... "Selling and buying claims is probably one of the most lucrative areas," said Bruce Nathan, Esq. "If you're smart and you do your homework on this, you can actually do very well on the sale of your claims." As bankruptcy claims continue to...

October.(past accounts)
October 1, 2007... 110 years ago... The first use of the word "computer," meaning an electronic calculation device, was in 1897--just one year after NACM was founded. 100 years ago... On October 24, 1907, a major American financial crisis was prevented...

Mexico or busted.(extra credit)
October 1, 2007... My client had a big problem. The call, as it almost always does, came in during late afternoon about five minutes before I was going to leave the office. Thanks to the cell phone, of course, I never really leave, but I still like to pretend...

Consumer lenders cite market volatility and aggressive regulatory environment as top challenges; cross-sell and new products as top business strategies.(HEADLINE)
October 1, 2007... Rising interest rates, escalating delinquencies, compressed margins and increasing regulatory demands are all forcing consumer lenders to rethink how they extend credit to borrowers at a time when they are still expected to grow their...

Only in the movies: why entrusting your company's operations to a piece of software might not be such a bad thing.(international)
October 1, 2007... [ILLUSTRATION OMITTED] Numerous films have dramatized the idea of a futuristic world where human beings, at some point in the past, entrusted too much of their World to machines. The machines, in true Hollywood style, take over the entire...

Hot Spots: Thailand.(hot spots)
October 1, 2007... The military-appointed government of Prime Minister Surayud Chulanont, formed after Thaksin Shinawatra was unseated in a bloodless coup last September, has called a general election for December 23, which many people hope will return the...

IASB starts down path to converging accounting standards.(TRADELINE)(International Accounting Standards Board )
October 1, 2007... The old adage that, "Every journey begins with a single step." In what is the first step on the long road towards unifying domestic and cross-border financial reporting, the International Accounting Standards Board (IASB) has published a...

Integration of U.S. small businesses into the export trade sector using available trade finance tools and resources: Part 1.(selected topic)
October 1, 2007... Historically, U.S. companies that export products and services to buyers resident outside of the United States comprise a small percentage of the U.S. GDP when compared with other G-7 developed countries. According to the U.S. Department of...

Georgette Bevan, CCE wins Local Model Toastmaster Award.(member news)(NACM Business Credit Services)(Brief article)
October 1, 2007... Georgette Bevan, CCE, director of education/membership at NACM Business Credit Services, was named as the Salty Tongues first ever Model Toastmaster on June 7. Congratulations! Bevan, only a member of the Salty Tongues since January, beat...

In memoriam--J. Ruce Garwood.(member news)(president at National Association of Credit Management)(In memoriam)(Brief article)
October 1, 2007... NACM is sad to announce the passing of J. Bruce Garwood, former president of NACM South Central. He was 82. A graduate of the University of Kentucky and Dartmouth College, Bruce began working at the Louisville Credit Men's Association (now...

Credit @ work.
October 1, 2007... Dear Andy, I've been tasked with developing an orientation program for new hires. What suggestions do you have for helping newcomers acclimate? Your company is wise to understand the importance of having an effective orientation...

NACM Credit Manager's Index: report for August 2007.(Report)
October 1, 2007... The seasonally adjusted Credit Manager's Index (CMI) crept up 0.2% in August even though six of 10 components fell. The manufacturing sector rose 0.4 points, but the service sector slipped 0.1. "The data in the survey doesn't provide a...