Corporate Cashflow Magazine articles from October 1994

Corporate Cashflow Magazine archives from October 1994

Drug cost controls threatened as foxes buy up hen houses. (drug companies acquire pharmacy-benefits management firms) (Investments & Benefits)
October 1, 1994... One of the clearest victories in the battle to control health benefit costs may be in jeopardy now that the large drug companies are buying up the pharmacy-benefits management (PBM) firms. McKesson Corp., San Francisco, agreed to sell the...

Benchmark choices convey style goals, measure value. (Investments & Benefits)
October 1, 1994... The fund manager touting his success in beating the S&P 500 by four percentage points last year could dazzle a plan sponsor unless the sponsor notices that, among managers of mid-cap growth stocks, he really didn't do so well. Fund managers...

Priority wires pop up as banks face prices on daylight overdrafts. (wire-transfer services) (Cash Management)
October 1, 1994... Some day treasury managers may shop for a wire-transfer bank that offers, besides the fastest service, the widest array of funds transfer options. Changes in banking regulation often serve as catalysts for product innovation. The Federal...

Clearing houses offer software to expand financial EDI. (electronic data interchange) (Cash Management)
October 1, 1994... Clearing house associations are stepping up efforts to develop low-cost remittance processing systems that would greatly increase the number of financial institutions capable of handling financial electronic data interchange (EDI) transactions....

Dividend capture tax breaks still boost yield, keep risk low. (Cash Management)
October 1, 1994... Dividend capture programs, though not the cash cows they were 15 years ago, still offer corporate cash investors incremental return on medium- or long-term cash, with only slightly more risk. Used by treasury managers for cash not needed in a...

Tax float evaporates as the IRS adopts same-day payment. (Cash Management)
October 1, 1994... Accelerated federal tax collections will deprive many banks and some corporations of a day of float on corporate tax deposits, setting off new adjustments in bank compensation. The U.S. government has long allowed banks acting as Treasury tax...

New borrowers try loan syndications as competition mounts. (Financing)
October 1, 1994... The bank loan syndications market is becoming increasingly competitive, bringing better pricing and terms for investment-grade and leveraged corporate borrowers. In fact, many medium-sized companies are taking advantage of current market...

Superfund reform - political quagmire or America's clean-up. (Risk Management)
October 1, 1994... Overshadowed by health care reform and the crime bill, Superfund reform remains trapped in congressional gridlock. Risk managers can't afford to turn a blind eye to legislation that could save--or cost--their companies hundreds of dollars. ...

Technological solutions: new 821 format removes barriers. (electronic data interchange standards) (Cover Story)
October 1, 1994... The new ANSI 821 transaction set represents a truly generic EDI message for the delivery of financial information. it will be far more flexible and accommodating than the old 821 format and will support a range of new operating efficiencies for...

Technological solutions: how Mobil's new EDI payables system streamlines operations. (electronic data interchange)
October 1, 1994... When Mobil Corp., New York, completed its transition to an EDI accounts payables system last year, the benefits flowed beyond the treasury department into other parts of the corporation. With the new system, Mobil has and will continue to...

Technological solutions: Motorola opens inexpensive doorway to electronic payments.
October 1, 1994... Motorola Land Mobile Products Sectors (LMPS). Schaumburg, IL. using readily-available, off the-shelf products, has built a new electronic payments system for its customers that has decreased its cash collection cycle time for its small to...

Weeding out inefficiency: uprooting wasteful banking costs makes profits bloom.
October 1, 1994... Only a few things in life, like death and taxes, are universal. Happily, treasury managers can add another one: regardless of the size or nature of their business, they can reduce their banking costs--sometimes dramatically, sometimes easily,...

Shooting for high-flying yields: taking aim at investment hybrids gives treasury sporting chance. (derivatives)
October 1, 1994... For short-term investors, the last decade can generally be described as one of shrinking yield. As investment returns collapsed, corporate cash investors were subjected to a rising tide of hype about "innovative" opportunities that boost yield...

How secure is your treasury?
October 1, 1994... It actually happened. An insurance company dismissed an employee who worked in an area that issued emergency checks for up to $5,000 to policy holders. A day or two after a replacement had been hired, the disgruntled former employee cared the...

How should a corporation set up a policy to govern the use of derivatives, and what should such a policy cover? (Treasur-Ring)
October 1, 1994... This question brought about a candid discussion between the treasurers of two major U.S. corporations. One ("Q") was in the process of gathering information and establishing a formal policy; the other (A) had designed such a policy and had...

GATT controversies may cause unstable dollar. (Washington Watch) (Column)
October 1, 1994... If the United States, Japan and the European Union--countries central to the General Agreement on Tariffs and Trade (GATT)--ratify the global trade agreement, trade would increase an estimated $5 trillion by the year 2005. The U.S. share,...

Cash management banks join endangered species. (Who Says?) (Column)
October 1, 1994... I was quite saddened recently to learn of the imminent demise of virtually all cash management banks. My informant, someone I hold in the highest personal and professional regard, assured me that several gurus at her bank have advanced the...

Stop the derivatives witch hunt. (Viewpoint) (Column)
October 1, 1994... The "D" word has become the latest bogeyman in the financial markets. During the past three months, derivatives have been blamed for significant losses at well-known corporations such as Procter and Gamble, Dell Computer and Gibson Greetings. ...

Communication, problem-solving skills key. (interview with Riverside International treasurer Carol B. Tome) (Stepping Up) (Interview)
October 1, 1994... Carol B. Tome is vice president and treasurer of Riverwood International a $1.1-billion paperboard, packaging and packaging machinery company headquartered in Atlanta, with 8,500 employees worldwide. She held a variety of finance-related...

Streamlined payments give company edge. (Case In point)
October 1, 1994... United Consumer Financial Services (UCFS), a Westlake, OH-based finance company, was looking for a less expensive way to fund the distributors it was financing without losing the expediency of the wire transfers it was using. To find the...