Corporate Cashflow Magazine articles from February 1993

Corporate Cashflow Magazine archives from February 1993

Ambitious projects seek to automate accounts payable. (Trends: Cash Management)
February 1, 1993... An ambitious attempt to integrate and automate accounts payable and the handling of invoices, purchase orders and inventory control is starting to pay off for R.J. Reynolds Tobacco, Winston-Salem, NC, a subsidiary of RJR Nabisco, after two years...

Credit ratings under fire from FAS 106 disclosures. (Financial Accounting Standard) (Trends: Investments & Benefits)
February 1, 1993... Companies struggling to defend their credit ratings are being hurt by the accounting recognition, mandated to begin this year by Financial Accounting Standard 106, of their accumulated postretirement medical benefit obligations. Despite...

Managed futures add diversification to pension funds. (Trends: Investments & Benefits)
February 1, 1993... Respectable pension fund managers are showing up at commodities exchanges in the role long dominated by wildcat speculators, staking a claim to managed futures as a viable pension investment option. Managed futures simply means investing in...

Ducks in a row: orchestrating the flawless stock offering. (Cover Story)
February 1, 1993... Seeing their companies' stock trade in the public market following an initial placement offering (IPO) is a dream come true for many treasury managers. For others, it's a nightmare. While capturing a large block of equity capital is enticing, the...

For best underwriting, pick right issues to negotiate.
February 1, 1993... "Keep your eye on the ball," the perennial words of the batting coach, are also good advice for financial executives planning a public stock offering. But when there are several balls to watch in a complex process, knowing which ones are most...

Using differential currency swaps.
February 1, 1993... Gorbachev is under house arrest. Yeltsin, his longtime antagonist, is standing atop a Russian tank defending Gorbachev and demanding his freedom. You arrive at the office, sip your morning coffee and see your blinking phone mail light. The...

Put cash investors at liberty to exploit contemporary markets.
February 1, 1993... Investing corporate cash is a challenge. Funds must be managed so that they simultaneously earn competitive investment returns while they remain available to take care of unexpected outlays for acquisitions, equity buybacks, loan repayments, etc....

Treasur-ring. (telephone consultation program for treasury professionals)
February 1, 1993... Treasury pros help each other solve problems with getting started in EDI and setting up a centralized claim draft system tied to the ACH. The following discussions are a result of Treasur-Ring, the telephone consultation program that brings...

Topsy-turvy world of inverse floaters. (Basis Points) (Column)
February 1, 1993... Cathy and I visit New York each December. Last year, we were having dinner with our good friends Jon and Karen at a great imitation of a Paris bistro on East 79th. Jon is CFO of his family's successful Manhattan-based business. Over lentil...

Lawsuit challenges exploitative cash calls. (Capital Ideas) (Column)
February 1, 1993... An aggressive tactic used by some corporate treasuries to reduce their interest costs by calling outstanding, high-priced debt recently boiled over into a court test of the scheme's legality. The maneuver, a simultaneous tender offer and cash...

Pension simplification moves to the front burner. (Washington Watch) (Column)
February 1, 1993... After the new administration puts America back to work, it is expected to turn its attention to legislation that will make it easier for corporations to set up and improve worker retirement plans. The conditions may be ideal for passage of...

Lotus pours a heavy dose of DOS into its newest Windows version. (Lotus for Windows 1.1) (Software Review) (Treasury Technology) (Evaluation)
February 1, 1993... The advent of Windows has brought the traditional big gun of spreadsheets--Lotus--under heavy fire from Quattro Pro and Microsoft Excel. Before abandoning Lotus as a "clunker," however, take a look at the latest release of Old Stand-by, Lotus for...