Jun 8, 2016

Posted by & filed under Bankruptcy, Business Credit Journal, Collections, Credit.

Being able to discern the warnings signs of a financially distressed customer is critical. Although a decline in cash flow is the most important bellwether of financial distress, about 80% of all companies are privately held and don’t provide detailed financial information. As a result, creditors must rely on their customers’ payment patterns, competitors’ experience with the customer, and customers’ actions as indicators of their financial health. Operational and managerial signals can serve as a warning of impending problems.

Whenever a company dramatically changes its business model, financial analysts should become
wary— especially if the system moves from one easily understood by investors to one that is obtuse and difficult to evaluate and monitor. The use of special purpose and other off-balance sheet entities can be used to create phantom profits and hide liabilities.… Read the rest

Jun 8, 2016

Posted by & filed under Business Credit Journal, Technology.

The partnership between UTA and NACM truly adds value to your company. Check out any of UTA’s leading-edge utaproducts to appreciate the quality and savings that UTA provides. Products include: Automated A/R Service, Credit Card Merchant Services, Check Guarantee, Remote Deposit Capture, Electronic Bill Presentment & Payment, ACH Processing, Canadian ACH, and Online Bill Pay.

For 40 years, Vantiv’s team of committed professionals has made Vantiv into one of the most trusted and respected organizations in the payment processing industry. Vantiv has driven many of the changes that prompted vantiv logo'the shift from cash to electronic payments, and that innovative spirit continues to be their strength. They are innovators, thought leaders, and boundary pushers. Vantiv is changing the face of payments.… Read the rest

Jun 8, 2016

Posted by & filed under Business Credit Journal, Credit, Technology.

For multinational companies, automation allows a business to standardize each process, such as
invoicing, cash applications, disputes, and collections. Since many countries possess varying business
practices and currencies, technology can serve as a means to better streamline the global business to
business (B2B) partnership. Automation is the driver of increased value, effectiveness, and efficiency,
providing the ability to eliminate manual tasks and allow a company to focus resources on other, more
important assignments, explained Jay Tchakarov, associate vice president of marketing for HighRadius
Corporation.

“The value of automation, when you look at the day-to-day manual tasks that a team performs, 80-90%
of those can be fully automated,” Tchakarov said. “That means the resources can be focused and this is
what drives real improvement in KPI [key performance indicator]—things like DSO [days sales
outstanding] reduction and reduction of bad debt.… Read the rest

May 17, 2016

Posted by & filed under Credit.

CMI Be Apart of the Process Header

 

 

 

 

 

 

 

 

 

Since its inception, the CMI has been a startlingly accurate economic predictor, proving its worth most notably during the recession.

The CMI is created from a monthly survey of U.S. credit and collections professionals. The survey asks participants to rate whether factors in their monthly business cycle are higher than, lower than, or the same as the previous month. The results reflect the entire cycle of commercial business transactions, providing an accurate, predictive benchmarking tool.

Your participation helps to make the CMI as accurate as possible. Every time you participate in the CMI’s monthly survey, you are contributing to a leading economic indicator.

Taking the survey is quick and easy!… Read the rest

May 13, 2016

Posted by & filed under Credit.

By: David Conaway, Partner, Bankruptcy Practice Administrator, Shumaker, Loop & Kendrick, LLP

The purpose of a sales contract is to define the parties’ obligations and to optimize outcome if a dispute arises. As such, a contract is a tool to manage risk and prevent loss. The good news is the vast majority of contracts are performed as planned, and no issues arise. The bad news is when issues arise, they can be costly, eroding or eliminating the anticipated profits, or causing loss from the transactions.

In particular, sales contracts for the sale of goods are based on Article 2 of the Uniform Commercial Code, which has been adopted by every U.S. state. When disputes have arisen, U.S.… Read the rest