Bad Data Can Cost You Big Time
by Ira Kaplan
Bad data is pervasive; it infiltrates paperwork and databases. Seemingly innocuous, it derails multi-million dollar computer systems, leads to lost revenue, and erodes customer goodwill. This article examines organizational disasters with data as the leading culprit, defines data quality, illustrates the cost of bad data, and shows where improved data quality yields measurable benefits.
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Make Your Success A Habit
By Robert S. Shultz
As a credit management consultant and trainer I have the opportunity to meet credit professionals at all levels in many different companies and industries. They all seem to have at least several things in common. There are too many priorities, too few resources and a lot more to do than time available in a normal workweek. Sound familiar?
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Failure to Object to Release Provision in a Chapter 11 Plan May Result in Losing Your Personal or Corporate Guarantee
by Scott Blakeley
A credit executive looking to reduce credit risk in today's uncertain economic environment may look to a credit enhancement to assist in making the sale on credit terms. A credit enhancement commonly considered by a vendor is a personal or corporate guarantee. Some of the reasons a vendor may prefer a guarantee to other enhancements (such as Article 9 security interests) include generally not needing the consent of the debtor's lender, and no notice requirements to other vendors that the debtor is buying from.
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The Risks and Rewards of Selling Your Bankruptcy Claim
By Matthew Carr
Concern over whether a customer is having financial problems has always been a central issue for credit managers. Their role is defined by being able to pick which companies are worth the risk. With bankruptcy filings rising, default and delinquency rates also trending upwards, its the issue of insolvency that's getting the spotlight at the moment.
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