Magazine article Business Credit

National Association of Credit Management

Magazine article Business Credit

National Association of Credit Management

Article excerpt

Dear Credit Professional:

The self-reinforcing slowdown that the U.S. economy is now experiencing is intensified by the unstable financial engineering that strengthened the equity boom over the last several years. Much of the technology sector has replaced the infamous savings and loan institutions of the late 1980s as the problems of the boom.

Studies and published reports show that Days Sales Outstanding (DSO) are increasing across all industries and defaults on business to business credit are mounting. The new, new economy is back to basics: business models based on profitability.

The National Association of Credit Management will be holding its 105th Annual Business Credit Conference in Seattle, May 20th-23rd, 2001. Last year, over 2,500 business credit professionals attended this one-of-a-kind session in Baltimore and discovered dozens of sessions dealing with credit risk and analysis, performance measurements for credit and accounts receivable portfolios, legal issues in bankruptcy and insolvency, collection techniques, new technologies for credit and A/R management and general business skills. …

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