Business Credit articles from September 2002

Business Credit archives from September 2002

U.S. investigates scams for terrorist ties. (The Scoop).(Brief Article)
September 1, 2002... U.S. authorities are monitoring hundreds of Muslim and Arab small businesses across the U.S. looking for possible links between criminal scams and funding for militant groups overseas, according to The Washington Post. More than 500 businesses...

Embracing change is a critical success factor. (The Scoop).(National Association of Credit Management job posting service)(Brief Article)
September 1, 2002... More than one-third of chief financial officers polled in a recent survey developed by Accountemps said that embracing change is a critical success factor for employees. Twenty-seven percent feel a desire to learn new skills is the most...

UCP500. (The Scoop).(Brief Article)
September 1, 2002... In the months following the implementation of UCP500, some banks tried to impose amendments by incorporating a condition along the lines that the amendment would become automatically effective unless rejected by the beneficiary within a...

Credit and commercial statutes and regulations. (The Scoop).(Brief Article)
September 1, 2002... Whether you need the basics on the liabilities for corporate debt, or an understanding of the complexities of bankruptcy, the Manual of Credit and Commercial Laws, 93rd edition has it. The Manual features state-by-state summaries for many areas...

Web services--on the horizon. (The Scoop).(Brief Article)
September 1, 2002... Some companies using direct file transfers find they're an advantage over web form-based systems, in that data is moved around automatically without employees having to go on the web and manually enter invoicing information. However, they can...

Get involved, stay involved. (National Commentary).(National Association of Credit Management)(Brief Article)
September 1, 2002... As members of NACM, we understand the value of belonging to a trade association or professional organization. As you read that sentence, you probably began to make a mental list of the benefits you regularly derive from your NACM membership....

Participating owners: enforcing a mechanic's lien for materials against a non-contracting party. (Legal Corner).
September 1, 2002... In the past several years, the construction industry has enjoyed an unprecedented level of success. A significant portion of this success is attributable to the extension of credit from "materialmen," or suppliers of material goods. The...

Protect your organization's proprietary information and avoid breaking U.S. law. (Professionals at Work).(Brief Article)
September 1, 2002... Every day companies unwittingly violate U.S. export law. Whether they are transferring technical information to a joint venture partner in a European country or shipping a computer CD to an overseas client, they are potentially putting their...

The future of M&A. (Business Credit Selected Topic).(mergers and acquisitions)
September 1, 2002... The current mergers and acquisitions market is in one of its most severe, prolonged downturns of record, creating a difficult environment for buyers, sellers and credit professionals who act as intermediaries to finance transactions. However,...

How may we predict bankruptcy? (Business Credit Selected Topic).(Brief Article)
September 1, 2002... A word seldom heard in the mid-20th Century, but increasingly heard in the late 20th Century, and blaring in the early 21st Century BANKRUPTCY! How may we be aware of this potential hazard for employees, lenders, investors and trade...

Revenue Chain excellence--using speed as a best practice. (Business Credit Selected Topic).
September 1, 2002... The Revenue Chain is often referred to as the "Quote to Cash" cycle. This process is typically defined as the time from negotiations for the sale of goods or services until the time of ultimate collection of good funds for those goods or...

Maximizing human assets in restructuring. (Business Credit Selected Topic).(Brief Article)
September 1, 2002... Remember the Tin Man in "The Wizard of Oz" who went to see the Wizard because he wanted a heart? Debtor company employees often perceive the restructuring professional as the Tin Man before he was granted his heart. The Tin Man? We...

Favorable treatment for critical vendors' pre-petition unsecured trade claims: is the pendulum is swinging the other way? (Business Law).(Brief Article)
September 1, 2002... Introduction As a general rule when a debtor files for bankruptcy, a trade creditor cannot enforce payment of its pre-petition claim as a result of the automatic stay. The creditor's claim falls to the bottom of the claims priority ladder,...

NACM Calendar.
September 1, 2002... September September 9, 2002 NACM Audio-Teleconference Series: Escheatment Presenter: Scott Blakeley, Esq., Blakeley & Blakeley, LLP For more information, please contact the NACM Meetings Department. September 16-17, 2002...

Credit and collection software overview: selection criteria for creating dynamic performance improvements.
September 1, 2002... Ten years ago, if you wanted to automate the tasks being performed by your credit department, you would not have had many options. At that time, the best you could hope for was an account level note and tickler system--you either had to build...

GETPAID. (Advertisement).(Brief Article)
September 1, 2002... U.S. Xpress, Inc. "Do it Right"... Using GETPAID for Process Improvement The Revenue Accounting Management team at U.S. Xpress is using GETPAID to achieve a high level of productivity and customer service. "We implemented GETPAID in...

ASP leading systems: powerful tools for risk management.
September 1, 2002... Recent scandals like the Enron bankruptcy and the WorldCom accounting revelations have highlighted the case for effective risk management. While media coverage has focused on investor losses, the implications of the failures can scarcely be...

A walk in a pair of cole Haans is pleasant indeed: renowned shoe manufacturer stomps deductions, past dues with help from I-many. (Advertisement).(Brief Article)
September 1, 2002... At Cole Haan's on-site gym, Lisa Randall sometimes finds herself pedaling next to company executives. In one such session, Randall learned from now-retired founder George Denny that Denny was a classmate of her grandmother's at Freeport High...

Bolstering cash flow with strategic revenue management: how integrated revenue management processes ensure timely revenue capture for today's high-tech firms.(Brief Article)
September 1, 2002... Well-run companies know that their ability to bolster liquidity and improve cash flow is tied specifically to how efficiently and comprehensively they manage their revenues. Revenue management addresses all of the activities that occur across...

Credit professional + GSCFM = value added credit professional.(Brief Article)
September 1, 2002... NACM's Graduate School of Credit & Financial Management (GSCFM [R]), conducted on the picturesque campus of Dartmouth College every summer, is an intensive two year program exposing participants to a wide range of ideas, practices and...

Operating in Mexico: effective cash and treasury management South of the Rio Grande. (Focus on Mexico).(Brief Article)
September 1, 2002... IN THE PAST FEW YEARS, WE HAVE SEEN A SURGE IN THE NUMBER of Canadian companies interested in doing business in Mexico. Much of that interest is certainly attributable to the 1994 North American Free Trade Agreement, which is dismantling trade...

Selling in Mexico vs. the United States: a comparison. (Focus on Mexico).(Brief Article)
September 1, 2002... In May 2002, NACM--Mexico held its First Annual Conference in Mexico City. Credit executives attended the event from the United States, Canada and Mexico. The event was comprised of two wonderful days of education and discussion led by Ignacio...

Preserving and expanding our important NAFTA trading relationships in light of September 11. (Focus on Mexico).(Brief Article)
September 1, 2002... While we are reminded, almost on a daily basis, about the importance of international trade to our economic well being, the events surrounding 9/11 made it imperative that we, and our NAFTA partners, tighten border security to protect our...

Hot spots: Cyprus. (International Insight).(Brief Article)
September 1, 2002... The Greek part of the divided island is an excellent place for doing business, with strong banks and with credit conditions and terms comparable to those in Western Europe. By comparison, the Turkish part is underdeveloped, even backward, and...

UCP500. (International Affairs Section).(Brief Article)
September 1, 2002... This ninth commentary on UCP500 concludes the examination of Article 14 and also examines Articles 15 and 16. Article 14--continued Reference is made in Article 14f to the practice whereby beneficiaries of letters of credit (LCs)...

The power of culture: achieving high A/R performance in Latin America. (International Affairs Section).(Brief Article)
September 1, 2002... Latin America is going through an impressive change in the way business is done. Modernization of business processes is taking place all through this market. Globalization has arrived with the many trade agreements, and as domestic and foreign...

NACM, Western Washington-Alaska. (Member News).(Brief Article)
September 1, 2002... NACM, Western Washington-Alaska. JoAnne Swanson Named Chairman of the Board The National Association of Credit Management, Western Washington Alaska is pleased to announce the election of its new chairman of the board for 2002-2003....

NACM of South Texas. (Member News).
September 1, 2002... NACM of South Texas Myers Elected Chairman of NACM in Houston Chris Myers was elected Chairman of the Board of Directors of NACM of South Texas for 2002-2003 and installed at the Annual Meeting and Awards Luncheon on May 10, 2002. ...

Dunn Enterprises, Inc. (Member News).(Brief Article)
September 1, 2002... Dunn Enterprises, Inc. Named 2002 Excellence in Credit Award Winner Dunn Enterprises, Inc. was named 2002 Excellence in Credit recipient at the NACM of South Texas Annual Meeting and Awards Luncheon on May 10, 2002. Dunn has been...

Waukesha-Pearce Industries Inc. (Member News).(Brief Article)
September 1, 2002... Waukesha-Pearce Industries Inc. Named 2002 Excellence in Credit Award Winner Waukesha-Pearce Industries Inc. was named 2002 Excellence in Credit recipient at the NACM of South Texas Annual Meeting and Awards Luncheon on May 10, 2002. ...

Grinnell Fire Protection Systems. (Member News).(Linda Bost credit executive of the year)(Brief Article)
September 1, 2002... Linda Bost, CCE, Named 2002 Credit Executive of the Year Linda Bost, CCE, Credit Manager for Grinnell Fire Protection Systems, was named 2002 Credit Executive of the Year at the NACM South Texas Annual Meeting and Awards Luncheon on May 10,...

Minnesota Supreme Court decision gives creditors new leverage in mortgage foreclosure sales. (Construction Corner).
September 1, 2002... The story is a predictable one: Your great relationship with the builder of that fancy home goes sour. As the months pass with no payment on the account, you file a mechanic's lien and bite your fingernails down to nothing. Finally, after all...