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. 95, No. 2, February

Alternative Dispute Resolution Sparks Interest of Members
NACM members showed great interest in the Alternative Dispute Resolution (ADR) Program offered by Equilaw International in 1992. In the past year, over 4,000 members and companies were directly introduced to Equilaw's arbitration/ADR service through...
Analysis Looks Behind the Numbers
The usefulness of financial statements for evaluating a company depends upon the user's understanding of the accounting principles and policies followed when preparing them. As a credit manager, looking behind the numbers can enhance your understanding...
Avoid Costly Surprises
AT A GLANCE: The sluggish economy may be causing companies to engage in "book-cooking" to make things appear better than they are. It pays to be leery of management's assessment of conditions as this case study of Sequoia Systems illustrates. Careful...
Credit and Banking Form Valued Partnership
In 1955, Robert Morris Associates (RMA) and the National Association of Credit Management (NACM) recognized the need for the free and responsible flow of credit information to support the credit-based American economic system and developed the Statement...
Enter the Brave New World of Business Insurance
Business entered a brave new world in the 1990s. The rules of doing business are being rewritten, often rapidly and unexpectedly. We have seen how government affects the competitive environment in unlikely ways. The collapse of the Soviet Union changed...
FCIB-NACM Is Number One Source for International Credit Information
What is the leading source for international credit and country risk information? FCIB-NACM, as evidenced once again by their information-rich Global Conference in New York, N.Y., Nov. 18-19, 1992. Subjects ranging from financing in Latin America to...
In Step with Today's Top Credit Achievers: An Interview with Jim Weller
Over the years, a wide variety of people have helped shape the credit industry. This month, Business Credit caught up with one such individual. Jim Weller, credit manager for Wegmans Food Markets, Inc. in Rochester, N.Y., has been making contributions...
Is It Time to Review Your Credit Policy?
At A Glance: In order to create the most productive environment possible for your credit department and sales and marketing force, keep the following key issues in mind: * Credit policy must be viewed in a global context. * Credit policy will...
Mastering Cause-and-Effect Ratio Analysis
Financial statement analysis is a logical method of assessing business risk. It is, however, far more than the mechanical application of a universal formula to obtain a "yes" or "no" assessment of creditworthiness or determine the dollar amount of a...
NACM Seeks to Strengthen Ties in Europe
In a recent effort to solidify relations with FCIB Europe, NACM President Paul J. Mignini Jr., CAE attended the FCIB Roundtable Conference in Dublin, Ireland and visited member companies in London, England; Basle, Switzerland; and Paris, France.The first...
NACM to Examine Creditors' Rights in LBO Financing
NACM's Government Affairs Committee is currently reviewing the effects of a court decision regarding a leveraged buyout (LEO) case that could create the precedent for significant harm to the unsecured trade creditor community. Under the ruling of the...
Only Superman Didn't Delegate
Because no credit manager can complete every task that must be done in the credit department, delegation is a necessity. It is an important skill credit managers must master in order to optimize their department's effectiveness and efficiency. Delegation...
Preserving Creditor Rights against the Auditor
The credit executive must have information regarding the operational activities and financial condition of a company in order to make reasonable decisions about whether to extend credit. While the financial statements of a business are designed to give...
Red Flags for Red Ink: Warning Signs of a Troubled Business
L.A. Gear became one of the nation's most successful apparel retailers in the 1980s, rocketing to $900 million in annual sales almost overnight. Yet, as quickly as the company dazzled investors, it left them in distress. Earnings began to fall sharply...
Striking the Right Balance and Proportion
AT A GLANCE: Don't let the dollar amounts on financial statements fool you. Try the author's Commercial Credit Matrix to find out what the score really is. Proportion plays a role in many aspects of our life. If you've ever had the good fortune to see...
Ten Steps to Positive Cash Flow Develop an Escalation Protocol
Probably the single largest opportunity to improve and accelerate cash flow lies hidden from view and yet is directly within a financial manager's grasp. While the quality of a company's customer accounting process directly impacts cash flow, many companies...
Use Strategic Staffing in Credit and Collections
Smart companies recognize that the credit and collections function is integral to a firm's overall fiscal health. Today, with a recession-induced surge in bankruptcies and firms taking much longer to settle accounts, credit and collections is more critical...
What Is the ICPC?
The Improved Construction Practices Committee (ICPC) is a standing committee of the National Association of Credit Management. The committee presently consists of 28 members who are committed to its purpose and function to study and attempt to improve...