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. 107, No. 2, February

Check 21 and Fraud: Say Goodbye to Bust-Outs?
A frustrating aspect of a credit professional's job is being ensnared in a planned insolvency or bust-out. Even a sophisticated credit professional who may sense credit risk with a particular account, and sells only on COD, may find a debtor's check...
Commentary
On December 16, 1773, a group of men calling themselves the "Sons of Liberty", struck a blow for freedom by dumping 342 crates of tea into the Boston Harbor. April 19, 1775, 70 armed Massachusetts Militiamen stood face-to-face against an advanced troop...
Commentary
On December 16, 1773, a group of men calling themselves the "Sons of Liberty", struck a blow for freedom by dumping 342 crates of tea into the Boston Harbor. April 19, 1775, 70 armed Massachusetts Militiamen stood face-to-face against an advanced troop...
Control Risk with the Right to Cure
One of the best business lessons for subcontractors to learn is to control unquantifiable risks. One example is the "additional insured" requirement in subcontract agreements, which makes the subcontractor liable for any insurable loss attributed to...
Control Risk with the Right to Cure
One of the best business lessons for subcontractors to learn is to control unquantifiable risks. One example is the "additional insured" requirement in subcontract agreements, which makes the subcontractor liable for any insurable loss attributed to...
Corporate Intellectual Inbreeding Hurts Profit in the Box Thinking Driven by Habit & Fear
A sales vice president of an international company had referred me to his region's CFO. He encouraged me to contact this woman and explain the scope of my consulting services. After leaving three messages over a two week period, I got a call from the...
Corporate Intellectual Inbreeding Hurts Profit: In the Box Thinking Driven by Habit & Fear
A sales vice president of an international company had referred me to his region's CFO. He encouraged me to contact this woman and explain the scope of my consulting services. After leaving three messages over a two week period, I got a call from the...
Creditors Say They Suffer While Trustees and Attorneys Reap the Benefit of Bankruptcy Preferences
An arcane section of the bankruptcy code related to so-called "preference" payments is causing U.S. business creditors large and small to lose money just for doing their jobs. And they're not happy about it. How much they lose is difficult to determine...
Creditors Say They Suffer While Trustees and Attorneys Reap the Benefit of Bankruptcy Preferences
An arcane section of the bankruptcy code related to so-called "preference" payments is causing U.S. business creditors large and small to lose money just for doing their jobs. And they're not happy about it.How much they lose is difficult to determine...
Despite Higher Interest Rates, More Fast Growth CEOs Report New Bank Loans and Increased Credit Lines
Many More Considering Non-Traditional Financing in Next 12 MonthsPricewaterhouseCoopers "Trendsetter Barometer interviewed CEOs of 355 privately held product and service companies identified in the media as the fastest growing U.S. businesses over the...
Despite Higher Interest Rates, More Fast Growth CEOs Report New Bank Loans and Increased Credit Lines: Many More Considering Non-Traditional Financing in Next 12 Months
PricewaterhouseCoopers' Trendsetter Barometer interviewed CEOs of 355 privately held product and service companies identified in the media as the fastest growing U.S. businesses over the last five years. The surveyed companies range in size from approximately...
Dubai: City of Gold
Dubai, one of the lesser-known countries in the Middle East, offers much in terms of its robust economy. Dubai is a small city-state on the Arabian Gulf, with which most Americans are unfamiliar; yet many Europeans and Asians know it as an attractive...
Embezzlement/employee Theft
Definition The Federal Bureau of Investigation (FBI) defines embezzlement as the "misappropriation or misapplication of money or property entrusted to one's care, custody, or control. "What distinguishes embezzlement from other types of theft is...
Embezzlement/Employee Theft
DefinitionThe Federal Bureau of Investigation (FBI) defines embezzlement as the "misappropriation or misapplication of money or property entrusted to one's care, custody, or control." What distinguishes embezzlement from other types of theft is the violation...
European Commission Kicks off New 36 Million Program for Financing Small Businesses
The European Commission adopted a program to assist local banks and other credit institutions, particularly in the 10 new EU Member States. This program strives to alleviate the difficulties of financing business, especially for small and medium sized...
European Commission Kicks off New 36 Million Program for Financing Small Businesses
The European Commission adopted a program to assist local banks and other credit institutions, particularly in the 10 new EU Member States. This program strives to alleviate the difficulties of financing business, especially for small and medium sized...
Fraud Detection and Prevention: Transactional Analysis for Effective Fraud Detection
Focusing On Technology-Based Fraud Solutions Fraud is a dominant form of white collar crime that continues to extract a tremendous toll not only on the organizations that fall prey to it, but also on investors, financial institutions, and the economy...
Fraud Detection and Prevention: Transactional Analysis for Effective Fraud Detection
Focusing On Technology-Based Fraud SolutionsFraud is a dominant form of white collar crime that continues to extract a tremendous toll not only on the organizations that fall prey to it, but also on investors, financial institutions, and the economy...
Fraud/receivables Management-A Transformation
Why do we need a transformation? There exists only one reason: proper customer management. When one thinks about the organizations of fraud and receivables management, they are considered as two distinct and separate entities. Their objectives, although...
Give Them an 'F' in Retaining U.S. Jobs; State and Federal Economic Policies Push Jobs Offshore
Most U.S. state governments are losing ground to global competition due to their poor efforts at keeping jobs and attracting businesses, a new study reports. "While many of the overseas job losses are inevitable, a surprising number of jobs can...
Give Them an 'F' in Retaining U.S. Jobs; State and Federal Economic Policies Push Jobs Offshore
Most U.S. state governments are losing ground to global competition due to their poor efforts at keeping jobs and attracting businesses, a new study reports."While many of the overseas job losses are inevitable, a surprising number of jobs can be kept...
Hot Spots: United Arab Emirates
The UAE is a very young country, which was formed as recently as December of 1971, after British forces withdrew from the Gulf. It consists of the seven former Trucial States (Abu Dhabi, Ajman, Dubai, Sharjah, Fujairah, Umm al-Qaiwain, and Ras al-Khaimah)...
Hot Spots: United Arab Emirates
The UAE is a very young country, which was formed as recently as December of 1971, after British forces withdrew from the Gulf. It consists of the seven former Trucial States (Abu Dhabi, Ajman, Dubai, Sharjah, Pujairah, Umm al-Qaiwain, and Ras al-Khaimah)...
Identity, Identifiers and Identity Fraud
Recently the press and the public policy makers have begun to speak of "identity heft" as though it was a novel concept requiring severe new legislation. These laws are likely to put significant new burdens on business. While most identity theft problems...
Identity, Identifiers and Identity Fraud
Recently the press and the public policy makers have begun to speak of "identity heft" as though it was a novel concept requiring severe new legislation. These laws are likely to put significant new burdens on business. While most identity theft problems...
Is Your Check 21 Implementation a Fraud Hazard?
The implementation of the Check Clearing for the 21st Century Act ("Check 21") in the U.S. means that check-handling and collection will experience a drastic increase in speed, but it also portends other seismic issues in the financial services industry--some...
Is Your Check 21 Implementation A Fraud Hazard?
The implementation of the Check Clearing for the 21st Century Act ("Check 21") in the U.S. means that checkhandling and collection will experience a drastic increase in speed, but it also portends other seismic issues in the financial services industry-some...
Legal Traps for Unwary Managers during Corporate Criminal Investigations
In today's legal climate, managers are learning that it's essential to be on your guard (and your best behavior), even during internal criminal investigations. Two dramatic developments underscore the personal risk to unwary managers. The most significant...
Mechanics' Lien and Bond Waivers
Mechanics' lien and bond claim waivers can appear in contracts and in waiver forms for progress and final payments. These waivers may permanently eliminate lien or bond rights, even for future deliveries or even if a bankruptcy court forces you to...
Money Laundering
Definition Money laundering is the illegal practice of filtering "dirty" money, or ill-gotten gains, through a series of transactions until the funds are "clean," or appear to be proceeds from legal activities. The United States Criminal Code defines...
Money Laundering
DefinitionMoney laundering is the illegal practice of filtering "dirty" money, or ill-gotten gains, through a series of transactions until the funds are "clean," or appear to be proceeds from legal activities. The United States Criminal Code defines...
Nacm Calendar
FEBRUARYFebruary 7, 2005Teleconference: Top 10 Techniques Used by Credit Professionals in North AmericaPresenters: Joe Ketzner; Joe ChaudoinFor more information, please contact the NACM Meetings Dept. at 410.740.5560.February 9, 2005FCIB New York Round...
New Approaches to Fraud Deterrence
Call me a skeptic. Maybe it's because I've investigated a couple of thousand fraud cases over a career now entering its fourth decade. Perhaps it's because questioning is one of a CPA's most valuable talents. While I believe that, as a profession,...
New York, Nigeria Named Riskiest Areas for eCommerce
In a survey undertaken by CyberSource Corporation, eCommerce merchants named New York the riskiest North American metro area for eCommerce. Nigeria was chosen as riskiest country. By "riskiest", merchants mean that orders from these areas are most...
No Change Predicted in Top 3 Struggling Industries for 2005
In most polls, the top vote-getter is projected to be the winner. However, the industries that came out on top in the 3rd annual Trend Watch poll of corporate renewal professionals are predicted to be losers in the fight to regain solid financial standing...
No Change Predicted in Top 3 Struggling Industries for 2005
In most polls, the top vote-getter is projected to be the winner. However, the industries that came out on top in the 3rd annual Trend Watch poll of corporate renewal professionals are predicted to be losers in the fight to regain solid financial standing...
Our Companies and the Educated Professional
"The challenge to succeed and excel in our profession is ours. I encourage each of us to constantly seek new ways to improve, and to make sure that our companies are aware of-and interested in-those improvements."As we enter the New Year, it is always...
Our Companies and the Educated Professional: "The Challenge to Succeed and Excel in Our Profession Is Ours. I Encourage Each of Us to Constantly Seek New Ways to Improve, and to Make Sure That Our Companies Are Aware Of-And Interested In-Those Improvements."
As we enter the New Year, it is always a good time for reflection. We can reflect on our continuing growth as a credit professional, but we can also reflect on the way businesses are reacting to that growth. In today's ever-changing business environment...
Phishing and the Threat to Corporate Networks
What is Phishing? Phishing, an increasingly common form of online theft, is the act of tricking computer users into handing over control of their online accounts using, typically, a combination of forged e-mail and web sites. "Phishing" is a hackers'...
Phishing and the Threat to Corporate Networks
What Is Phishing?Phishing, an increasingly common form of online theft, is the act of tricking computer users into handing over control of their online accounts using, typically, a combination of forged e-mail and web sites. "Phishing" is a hackers'...
SEC Establishes Advisory Committee to Examine Impact of Sarbanes-Oxley Act on Smaller Public Companies
Securities and Exchange Commission Chairman William H. Donaldson announced the establishment of an advisory committee to assist the Commission in examining the impact of the Sarbanes-Oxley Act and other aspects of the federal securities laws on smaller...
SEC Establishes Advisory Committee to Examine Impact of Sarbanes-Oxley Act on Smaller Public Companies
Securities and Exchange Commission Chairman William H. Donaldson announced the establishment of an advisory committee to assist the Commission in examining the impact of the Sarbanes-Oxley Act and other aspects of the federal securities laws on smaller...
The Dirty Little Secret of Critical Vendor Orders: The Hidden Preference Risk That Lurks!
Introduction The ruling of the United States Seventh Circuit Court of Appeals in the Kmart case, which the United States Supreme Court recently let stand, upheld the rejection of Kmart's preferred treatment of some 2,300 suppliers, so called "critical...
The Scoop
Position Yourself To SucceedSmart executives know that by continually enhancing their skill-set and their knowledge-base, they add value to their credit department and their company's bottom line. One way they do this is by attending NACM's annual Credit...
UK Business Failures Fall to Record Lows
2004 is expected to record the lowest number of business failures for six years, according to experts at BDO Stoy Hayward. The latest BDO Stoy Hayward Industry Watch reveals an 8 per cent drop in the number of companies going bust from last year's...
UK Business Failures Fall to Record Lows
2004 is expected to record the lowest number of business failures for six years, according to experts at BDO Stoy Hayward. The latest BDO Stoy Hayward Industry Watch reveals an 8 per cent drop in the number of companies going bust from last year's figure...
Unconditional or Conditional Lien Releases Choose Carefully or Lose Your Lien Rights, a Case Analysis
Introduction Credit Managers are routinely faced with the decision of how, when and whether to issue a release of their mechanics' lien, stop notice and bond rights to effectuate payment. In order to receive payment, the owner, general contractor...
Unconditional or Conditional Lien Releases: Choose Carefully or Lose Your Lien Rights, A Case Analysis
IntroductionCredit Managers are routinely faced with the decision of how, when and whether to issue a release of their mechanics' lien, stop notice and bond rights to effectuate payment. In order to receive payment, the owner, general contractor or subcontractor...
U.S. Firms Failing to Capitalize on Global Business Opportunities
U.S. exports are poised for growth, but many American companies lack the international business know-how to capitalize on this source of increased sales and profits. According to Ena Garay, a partner with Miami-based International Business Development...
U.S. Firms Failing to Capitalize on Global Business Opportunities
U.S. exports are poised for growth, but many American companies lack tine international business know-how to capitalize on this source of increased sales and profits. According to Ena Garay, a partner with Miamibased International Business Development...

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