Corporate Cashflow Magazine articles from June 1996

Corporate Cashflow Magazine archives from June 1996

Cashing in on capacity. (treasury management)(Editorial)
June 1, 1996... If cash is king, the kingdom isn't what it used to be. Indeed, the value of cash over the past 20 years can be seen as a tide that rose during 1970s and most of the 1980s, then ebbed in the late 1980s and early 1990s. Roughly speaking, the...

New vendors bring discount trading to foreign exchange.
June 1, 1996... U.S. companies in search of high-growth global markets are courting foreign trading partners. This increase in international trade has not gone unnoticed by foreign exchange specialists marketing their expertise to corporate clients. Several...

Master contracts smooth way for service charges. (terms and agreements contracts)
June 1, 1996... Banks are asking corporate customers to sign standard terms and agreements contracts that protect banks and eliminate dozens of specific legal agreements. "This is a win-win situation," insists J. William Murray, senior vice president of First...

More firms sell stock through direct purchase programs.
June 1, 1996... Corporate financial managers now look on direct stock-purchase programs as more than a low-cost way to raise capital. Individual owners, often insiders, tend to remain loyal to management even in the face of decreased earnings or other negative...

Market for credit information going through shakeup.
June 1, 1996... The marketplace for commercial credit information is going through a major shakeout. First Dun & Bradstreet announced it was splitting into three independent companies. Then TRW disclosed plans to sell its Information Systems and Services unit to...

Lump-sum cashouts costly, experts say. (pension benefits)
June 1, 1996... Cashing out departing employees who have small vested pension benefits may seem like a smart move, but at least one consultant sees a potential downside. Cashouts can flush money out of the trust fund that could earn more than enough to cover...

Treasury enters the arena of cost, pricing and profit analysis.(Cover Story)
June 1, 1996... At the heart of profitability analysis is the concept of opportunity cost, calculated as realized gross margin. Profitability should be measured against the cost of the debt and equity investment necessary to fund the activity. Without this...

Avoid fraudulent conveyance suits.
June 1, 1996... Before consummating that leveraged spin-off, make sure both the parent company and the soon-to-be spun-off company have enough capital to pay debts and operate as a going concern. If you don't, creditors could sue you under fraudulent conveyance...

Making A/P outsourcing pay off. (reengineering of Geon Co.'s accounts payable operations)
June 1, 1996... Outsourcing wasn't Geon's first choice for fixing a massively inefficient A/P operation, but it brought the best results. When the Geon Co., a manufacturer based near Cleveland, OH, elected to pursue greater efficiency and higher productivity...

Better cash forecasts = better investment performance.
June 1, 1996... Corporate downsizings, budget cuts and technology constraints are forcing treasury professionals to fight an uphill battle to maximize the value of their companies' short-term funds. Surplus cash too often is simply dumped in convenient liquid...

Re-engineering finance within the integrated customer cycle. (includes related article on finance as permanent solutions)
June 1, 1996... What do you do if you have re-engineered accounts payable, collections and other "customer" processes, only to find that your costs still are too high and that processing your routine transactions still takes too much time? Leading-edge...

For best service, match needs to bank's delivery process.
June 1, 1996... For optimal satisfaction, check out a bank's client service delivery infrastructure, not its commodity-like services. Then become an expert user of that system. Buying treasury management services usually is fairly straightforward. You review...

Bill to make payment date = postmark date has creditors steaming. (postal service legislation)
June 1, 1996... Treasury managers and banks are trying to bury a bill that would make the date of the postmark on the envelope the legal date on which a payment is considered to have been made. But the proposal could bring welcome results, they say, if...

FASB proposals could lift EPS for some. (Financial Accounting Standards Board; earnings-per-share)
June 1, 1996... In the midst of a low-key, little-publicized debate that mirrors U.S. ambivalence about adopting the metric system, the Financial Accounting Standards Board is well on its way toward changing the way U.S. companies arrive at earnings-per-share...

TMA vet conquers goals, logs success at growing company. (interview with Treasury Management Association veteran Susan Engle)(Interview)
June 1, 1996... Susan Engle resigned as assistant treasurer of New Orleans-based Entergy Corp. after a dramatic downsizing in her department and moved to El Paso, TX, to assume a newly created vice president position in Security Capital Group's administrative...