Managing Credit Receivables and Collections provides information to the business credit community. It focuses on keeping credit and collection professionals up-to-date on the latest legal changes, technology and news affecting the profession. Additionally, it regularly surveys its subscribers as to the best ways they perform the credit and collection function. This information is disseminated in the newsletter. Each issue contains 5-7 articles, 6-10 short news clips, a profile on the back page and a calendar of upcoming seminars and conferences. An international supplement is included quarterly. Topics covered include: credit, collections, billing, accounts receivable, bankruptcy, legal issues, preferences, working with sales, making customer visits, salary and career information, DSO numbers, benchmarking data, credit scoring, technology, EDI and XML.
In today’s struggling and volatile economy, managers who take actions that increase cash flow and profitability demonstrate their value to top management. For credit and receivables professionals, one way to achieve that is to effectively manage deductions.
FCIB ANNUAL INTERNATIONAL CREDIT AND RISK MANAGEMENT SUMMIT. Amsterdam, Netherlands, May 9-11. Contact FCIB: www.fcibglobal.com
Many credit professionals are familiar with standby letters of credit (LC) but may be unaware of continuing problems with lawsuits involving standbys. At a March 4 IOMA webinar, LC expert Walter (Buddy) Baker provided credit pros with the information they need to use this valuable tool while minimizing risk.
It seems like a simple enough proposition—your company has just been sued for the return of certain transfers made by a debtor within the 90 days of filing its bankruptcy petition, and you would like to submit the action to binding arbitration in accordance with your contract with the debtor.
February 2010 CMI Flat Following January Leap
The Credit Manager’s Index (CMI) issued by the National Association of Credit Management (NACM) barely rose to 55.2 from 55.1. In January, the CMI rose to 55.1 from 52.9 the previous month, after breaking into positive territory (above 50) in October, 2009, for the first time since August, 2008.
Bankruptcy Basics for Surviving in Today’s Volatile Economy
Business-to-business (B2B) payments fraud is on the rise. The year 2008—the most recent for which data are available—witnessed a 30 percent increase in B2B payments fraud over 2007.
Efficient use of assets is important for the profitability and growth of any organization. One of the easiest ways to gauge whether a company is an asset creator or cash user is to look at the return on equity (ROE) ratio. ROE is a strong measure of how well management is creating value for shareholders.
When was the last time you reviewed your collection procedures? Have you given your collectors any training lately? More attention, some changes to procedures, and perhaps a few dollars invested in staff training could make a big difference in your company’s bottom line. To help our readers, we’ve devised 12 questions to determine how many changes, if any, their collection functions need.
Under continuing pressure to "do more with less," credit professionals are always on the lookout for ways to streamline operations and gain efficiencies. Based on responses to a recent MCRC survey, one area worth focusing on in this regard is your credit approval process for new customers.
The Credit Research Foundation (CRF) 4th Quarter 2009 National Summary of Domestic Trade Receivables (NSDTR) survey reveals more of the six key collection indexes improving (however marginally) than declining—a result in line with other indicators showing a tepid recovery in the economy. Four indexes showed some improvement over the previous quarter:
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