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. 116, No. 8, September-October

Apples to Apples
Metrics don't differ from country to country or from domestic to international credit. They do differ from organization to organization though. There isn't a lot of risk in acknowledging that managing receivables domestically and managing receivables...
Checking in on ABI's Chapter 11 Reform Commission- Part 2: The Section 503(b)(9) Conundrum
Much like last year's hearing hosted at the 2013 Credit Congress by the American Bankruptcy Institute (ABI) Commission to Study the Reform of Chapter 11, the follow-up session hosted at this year's Credit Congress in Orlando was split into two main...
Checking Your Answers? the Case for Using Metrics to Track and Benchmark the Effectiveness of Your Compliance Program
"You can't improve what you don't measure." Those were the poignant words of panelist Amber Tallmadge, CCE, corporate credit manager at Central States Manufacturing, Inc. during the Metrics Executive Exchange session at the 118th Credit Congress this...
Hot Spots: China
As economic growth keeps lagging in much of the industrial world, the eyes of Western policy makers remain focused on China and questions continue to be asked about the contribution the Peoples Republic of China (PRC) can and will make in the future...
International Program Expands Breadth of Executive Education at GSCFM
Students of NACM's traditional Graduate School of Credit and Financial Management (GSCFM) and its instructors were not alone in 2014. This year marked the beginning of an elite, one-week program dedicated to global business: the Graduate School of...
Interpreting Your Metrics: When Some Past Dues Aren't an Issue
Days Beyond Terms (DBT) has long been considered a more revealing alternative to the often-misunderstood but widely popular metric Days Sales Outstanding (DSO). But, can segmenting measures like DBT be taken a little bit farther--with little additional...
NACM Grad School Program Continues Rich Tradition of Education, Networking
More than two dozen professionals trekked to the picturesque Ivy League campus of Dartmouth College as first- or second-year students in NACM's Graduate School of Credit and Financial Management (GSCFM). What they came for was an intense, executive-level...
NACM-National Board of Directors 2015 Election
CENTRAL REGION Mike Bengert CCE, CICP Atlas Van Lines. Inc. NACM South Central (Louisville) Member Mike Bengert, CCE, CICP manages credit and collections for Atlas Van Lines. Formed in 1948 by a group of local transfer and storage firms,...
NACM's Elevator Speech Contest Winners!
Not only must credit managers be adept at protecting their company's receivables while contributing to their company's bottom-line growth, they must also be able to discuss what they do in a way that demonstrates their passion and the vital importance...
NACM Survey: Nearly Half of Credit Managers Don't Take Steps to Ensure Delivery of Important Email
NACM's August survey indicated that almost half of credit professionals and their departments aren't taking steps to keep their email communication to customers and other external business contacts out of recipient "spam" or "junk" boxes. When asked,...
NACM Survey Shows Credit Not Typically Part of Revenue Forecasting
NACM's July Survey indicated that credit professionals and their departments aren't typically involved in their company's revenue forecasting, but that they do make predictions on other more silo-specific figures. When asked, "Does your company's credit...
New Designees: Congratulations to Those Who Just Stepped Up One Rung on the Professional Ladder!
CBA Beata Adamczyk Ingredion Incorporated Westchester, IL Christopher Anton The Sherwin-Williams Company Richardson, TX Luz Aquino Transilwrap Company, Inc. Franklin Park, IL Falisha Bennett RMD Kwikform NA Houston,...
Report for August 2014
Consistency is generally a positive development when the overall readings have been positive and this is the case for the August Credit Managers' Index (CMI), which posted no change from July's 56.8. This marks five months of readings between 56 and...
Section 503(b)(9) Priority Status Limited for Shipments from Abroad
Bankruptcy Code section 503(b)(9) was promulgated in 2005 to provide goods suppliers additional protection in the event their customer files for bankruptcy. Trade creditors are granted an administrative priority claim for the value of the goods they...
Step Carefully When Crossing a Texas Minefield: Mechanic's Lien and Bond Claims in Texas
The first mechanics lien law in Texas was passed in 1839, when the Congress of the Republic of Texas enacted "An Act for the Relief of Master Builders and Mechanics of Texas." (1) The Texas Constitution of 1869 first created the constitutional mechanics...
Terms Pushback Strategy Gets Political: Is the White House Now Protecting Suppliers from Customers' Unilaterally-Imposed Extended Terms?
A payment trend affecting credit teams across all industries is a customers use of the formal terms pushback strategy (TPS), in which a customer disregards its supplier-set trade terms and extends these terms to better fit its working capital and cash...
Using the Miller Act to Collect on Federal Projects
Whenever a federal public project calls for construction, alteration or repair in excess of $100,000, the prime contractor is required to furnish a payment bond pursuant to the "Miller Act." This payment bond is separate from and in addition to the...
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