Corporate Cashflow Magazine articles from September 1994

Corporate Cashflow Magazine archives from September 1994

Hot use of 401(k) phone services can burn up plan dollars. (Investments & Benefits)
September 1, 1994... Like kids with new toys, some employees are burning up the 800 telephone lines to check on their 401(k) balances or transfer funds, leaving surprised employers scrambling to restrict the service or shift the unexpected expense to employees....

Share workers' comp, health data to fight rising claims. (workers' compensation) (Investments & Benefits)
September 1, 1994... Companies are coordinating overlapping aspects of health benefits and worker's compensation programs to reduce costs, close loopholes and, sometimes, to fight claims. The build-up of supposedly confidential data that can be used in court...

Growth of NCHA to cut corporate costs for check clearing. (National Clearing House Association) (Cash Management)
September 1, 1994... Deposited items, especially checks drawn on out-of-town banks, cost large companies thousands of dollars per year. Now several large banks have joined forces to set up an alternative clearing house system that will help keep their costs and your...

Treasury managers consider ways to use 18-hour Fedwire. (Federal Reserve Board's wire transfer system) (Cash Management)
September 1, 1994... The venerable FedWire has kept money moving in this country since early in the century, relying first on telegraph, then telephone, then telecommunications lines to transfer funds quickly and securely from one financial institution to another....

Procurement cards bring discounts, quick pay to corporate A/R. (accounts receivable) (Credit & Accounts Receivable)
September 1, 1994... Accounts receivable (A/R) departments, long familiar with checks and electronic payments, will soon see more of a third payment medium: plastic. Corporate versions of the popular American Express, Master Card and VISA cards are now showing up in...

New ratio gives weight to cash flow in credit rating. (Financing)
September 1, 1994... Corporations gifted with stable cash flow may see their cost of capital trend lower over time, thanks to a new financial ratio gaining acceptance among analysts and rating agencies. The ratio ties creditworthiness to cash flow visibility. "This...

Ex-Im bank helps finance exporters. (Export-Import Bank of the United States) (Financing)
September 1, 1994... New financing support from the Washington, DC-based Export-Import Bank, including a willingness to work with other financial agencies to leverage resources, is giving a boost to U.S. exporters. The Ex-Im Bank uses grants, loan guarantees,...

Quicker to the 'green': standby letters of credit extend business drive. (includes related articles) (Cover Story)
September 1, 1994... Treasurers, cash managers, import and export managers and banks' letter of credit document examiners have all been overwhelmed by the rising costs and more complex processing requirements of commercial letters of credit, in spite of recent...

Tee up business thrust with documentary L/Cs to stay out of the international rough. (letters of credit) (Cover Story)
September 1, 1994... Use of the letter of credit (L/C) is now second-nature to many experienced exporters and importers. Each day, thousands of documents are whisked among the world's trading centers, facilitating the flow of goods and funds that comprise...

Curse of consignment sales: carrying customers' inventory weighs down cash flow.
September 1, 1994... Phelps Tool & Die Co. sells $40 million a year of metal computer casings to Compaq Computer Corp., making Compaq one of Phelps' biggest customers. When Houston-based Compaq wanted to reduce its inventory, it proposed a closer relationship with...

Two basic methods: sharper cash forecasting raises treasury fortunes.
September 1, 1994... Changes in the economic and business environment are forcing companies to elevate their cash consciousness. Interest rates are volatile, and business conditions are dynamic. Sales and demand for working capital are increasing erratically at many...

Sundae school of investing: vanilla index basis for active managers' fancy flavors. (use of index funds)
September 1, 1994... Plan sponsors, tired of paying higher fees for results that barely match the market but unwilling to give up the chance that an active manager might add value, can have their cake and eat it too by combining passive and active investment...

Banks scramble to make cheap, borrower-friendly loans. (Capital Ideas) (Column)
September 1, 1994... Chase Sets $625M Bridge Loan Fund For Buyouts, Highly Leveraged Deals. This American Banker headline was enough to make a reader check the date, but it did say July 1994, not July 1989. Banks, in their aggressive reentry into commercial...

Push comes to shove over bill to boost pension funding. (Pension Benefit Guaranty Corp.) (Washington Watch) (Column)
September 1, 1994... Corporations that are not putting aside enough money to pay their pension promises may soon have to pay a lot more if the Clinton administration has its way. "Underfunding will not disappear of its own accord," warns Secretary of Labor Robert...

A treasurer's guide to corporate estimated tax payments. (The Tax-Savvy Treasury) (Column)
September 1, 1994... Although nearly all corporations must make quarterly estimates of income taxes, there still is a surprising amount of misunderstanding about estimated taxes. Clearing up some of the more commonly misunderstood aspects of estimated taxes can...

Set hurdles high to make the grade. (Jay Alix & Associates Principal Henry Druker) (Stepping Up) (Interview)
September 1, 1994... Henry Druker, 40, is the principal responsible for the merger/financial advisory activities of Jay Alix & Assoc., New York, a firm of corporate turnaround and debt restructuring advisors and insolvency and investigative accountants. Mr. Druker...