Business Credit

Business Credit is a magazine covering finance, business risk management and provides information for the extension of credit, maintenance of accounts receivable, and cash asset management. It is published 10 times per year by the National Association of Credit Management.Subjects for Business Credit include banking, finance and investments.

Articles from Vol. 110, No. 7, July-August

Do You Have a Bench?
What are you doing to identify and retain top performers to ensure that your credit department is staffed for success? The statistics from the U.S. Department of Labor's Bureau are frightening: every 10 minutes, a Baby Boomer turns 60; and by 2011,...
FACT Act Compliance Deadline Looming
Identity theft and the protection of customer information has become an increasingly vital issue for businesses in recent years. The U.S. government has acted swiftly in the face of massive private information heists perpetrated by hackers that have...
Freedoms
Not too long ago, I had the opportunity to read a speech that President Franklin Delano Roosevelt delivered to the United States Congress on January 6, 1941. In that speech, often described as the Four Freedoms Address, FDR outlined his vision for...
High Fuel Prices Change the Trucking Landscape
Rising fuel costs over the past year have been a true game-changer for many companies and individuals in the trucking industry and it has become a game many are losing. The trucking industry learned that painful lesson after crude oil passed the $100...
Honors & Awards Program: NACM and the National Honors and Awards Committee Congratulate Our 2008 National Award Recipients
NATIONAL CREDIT EXECUTIVE OF THE YEAR The National Credit Executive of the Year Award seeks to single out an individual who has made significant contributions to the credit profession at the national level. Volunteer leadership is an essential core...
Hot Spots: China
Few doubt that the exchange rate of the yuan will remain pointed upward, in the future not only against the U.S. dollar, vis-a-vis it has just completed its 12th quarterly gain and has advanced by 6.6% so far this year, but also, increasingly, versus...
Like a Sore Thumb: Standing out in the Labor Market Is Key to Filling and Finding a Credit Position
It's been said that the difference between a recession and a depression is that, in a recession, someone you know is out of a job, whereas in a depression, you, yourself are out of a job. While it remains to be seen whether or not the U.S. market is...
My Department's Productivity Always Sinks in the Summer
Dear Andy, My department's productivity always sinks in the summer. Part of this is because staff members take more time off, but there's also a noticeable drop in motivation levels at this time of year. Unfortunately, we have a busy few months...
NACM's 112th Credit Congress Exposition May 18-21, 2008 Louiseville Kentucky
[ILLUSTRATIONS OMITTED] Everyone comes out a winner in Louiseville No betting was necessary ... it was a guaranteed success. Attendees loved the Intimate Louisville venue; rose bushes and geraniums lined the streets and enclosed walkways to and...
Overseas Bear Stearns Hedge Funds Denied Chapter 15 Relief
The problems afflicting the venerated investment banking firm Bear Stearns first became apparent when two of its overseas Cayman Islands hedge funds had collapsed in 2007 under the weight of the increased delinquencies of their subprime mortgage loans...
Prepackaged and Pre-Arranged Bankruptcies
As economic conditions weaken, most commentators Predict that there will be a general increase in the level of bankruptcy filings over the coming months. Indeed, bankruptcy filings to date for 2008 exceed the levels experienced in 2007 and the trend...
The URDG Revision and Islamic Banking
On October 25, 2006, over 250 members of the ICC Banking Commission representing more than 50 countries assembled in Paris. In the meeting, more than three-and-a-half years of intensive effort to revise UCP 500 resulted in approval of UCP 600, by a...
Understanding the Trend toward E-Invoicing Networks
As electronic invoicing grows both in sophistication and customer adoption, credit managers need to be aware of the technological advancements taking place and better understand what e-invoicing is becoming, compared to what it has been in the recent...
Why Can't We Be Friends? the Joys and Heartaches of Global Shared Services
Domestically, the U.S. economy has been a roller coaster ride, spurred on by a weak dollar and volatility in the energy and other commodity markets. The impacts have weighed heavily on almost every aspect of American life. Commercial and residential...