Corporate Cashflow Magazine articles from June 1994

Corporate Cashflow Magazine archives from June 1994

Making electronic tax payments gives treasury rough ride. (Trends: Cash Management)
June 1, 1994... Are taxes paid electronically any less taxing? As such programs spread, treasury's stake in an efficient, reliable, electronic tax collection system grows. The time-critical nature of tax payments and the issue of payer liability guarantee that...

Daily valuation, technology shrink investment delays. (Trends: Investments & Benefits)
June 1, 1994... Daily valuation of 401 (k) plans and technological advances that speed payroll deductions to investment companies, coupled with tighter Department of Labor regulations, are reducing the time employee funds sit in company accounts. Prior to...

Financial surgeons take knife to health plans. (Cover Story)
June 1, 1994... Manhattan-based D'Arcy Masius Benton & Bowles Inc., a worldwide communications firm with 2,300 employees in the United States, concluded in late 1992 that costs for its medical benefits plan needed cutting and that managed care was the way to go....

Health reform's cash hemorrhage: transition costs could bleed cash from self-insurers. (includes related article)
June 1, 1994... As Congress struggles to come to terms with the various proposals for fundamental health care reform, it is time for treasury managers to start anticipating some of the potential impact. Under the Clinton plan and several variations of it, each...

Redesigning a treasury system: luck of the draw outdated path to customized technology.
June 1, 1994... To stay competitive, treasury departments must capitalize on the continuing advancements in technology. But keeping up isn't easy. Several months ago, the treasury staff at Moore Corp. Ltd., Toronto, based on what we were reading and hearing from...

New serpent in the garden of PC security. (software utility called the 'recorder')
June 1, 1994... A dangerous hole in the security shield that protects PC funds movement is being overlooked in many corporate treasuries. Yes, treasury managers have dutifully learned about encryption, authentication and password protection--security measures...

Completing the EDI circuit: electronic communication plugs in power for New England Electric. (electronic data interchange; New England Electric System)
June 1, 1994... Three years ago, New England Electric System (NEES) recognized that its purchasing, materials management and payment methods needed a top-to-bottom re-engineering. Some current NEES systems were 20 years old. Some functions had never been...

Rate rise revives interest in swaps, caps. (Capital Ideas) (Column)
June 1, 1994... The swapping has begun in earnest as borrowers of floating-rate debt hedge against rising interest rates. Interest-rate swaps can serve to convert short-term floating rates on revolving credit borrowings or commercial paper to medium-term fixed...

Bills would push outside auditors to be tougher cops. (Washington Watch) (Column)
June 1, 1994... Once again accounting firms are being sued by disgruntled investors who claim they were misled by audited financial statements they relied on. The failure of many S&Ls and several major insurance companies has brought a new raft of suits that...

Hard work, some sacrifice and a little luck bring success. (intervew with Denise Boutross McGlone, chief financial officer of the Student Loan Marketing Assn.) (Stepping Up.) (Interview)
June 1, 1994... Denise Boutross McGlone, 42, recently gave up ten years in global derivatives on Wall Street to return to Sallie Mae, Washington, DC, after a long hiatus. Now executive vice president and CFO, her first challenge is to restructure a company going...