Credit Today newsletter

Time 2020-10-27 12:03:55

Web Name: Credit Today newsletter

WebSite: http://www.credittoday.net

ID:96040

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Credit Today is a significant resource for me and my team. The plethora of articles and helpful tips written by successful subject matter experts is priceless, as their instruments (liens for example) that we may not use regularly, or situations we don't encounter daily. It's nice to have these resources readily available.Jeff PerlsteinDirector of Credit, Berlin PackagingI think Credit Today is fantastic. You cover many practical topics in the credit field that I use regularly. Just one recent example—a conversation on the ListServ about preferential payments—gave me tips that I used in an actual case. The specific information I picked up from this one discussion saved me $10,000, enough to cover my membership for many years!- Steve SavinoManager of Credit & Collections, ASSA Abloy Americas Division, New Haven, CTStarting a shared service center has definitely been challenging, but I use your site all of the time for best practices and other resources. I put out a “did you know” email 2 to 3 times per week to my staff so that they gain knowledge and can become self-sufficient in credit & collections and I use a lot of articles from Credit Today. I love the site.- Nitta CharnonCredit & Collections Supervisor, Actuant Corporation"We've recently started using the ListServ tool within Credit Today. This is phenomenal and powerful forum for gaining immediate feedback, ideas, and suggestions, relative to any credit topic under the sun, all in a real-time e-mail format."-Javier Vela, Senior Credit Manager, Global Credit Services, JDA Software Group Inc."Over the last 10 years I've seen Credit Today evolve from a monthly credit publication into a quality source of information and guidance for the B2B credit community. The website, with its user friendly form downloads, will take you from examples of new account credit applications to bankruptcy forms and everything in between.The Credit Today ListServ has become the pre-eminent online forum, providing an opportunity for discussion and comments (and occasional humor) from an impressive list of credit professionals."David Dungan, Director of CreditJustin Brands, Inc. (A Berkshire Hathaway company)Fort Worth, Texas"The newsletter, coupled with the website and the ListServ, are to us, more valuable than any other credit publication, bar none. I try to use at least one article out of each newsletter for departmental training/discussion sessions."D. Mark ConstantineCorporate Credit MgrFulton Paper Company"I love Credit Today and read every issue cover to cover. For me, the greatest perk of a subscription is ListServ. I believe Credit Today's ListServ members may be the most knowledgeable Credit brain trust in existence today. I have saved and categorized hundreds of contributions on a wide variety of topics which I refer to often. It's an easy and cost effective way to network and learn."Doug M. Thomas Kimberly-Clark Customer Financial Services Credit Today is the premier online portal for trade credit professionals. This web site and all the resources within are for Members of Credit Today Online. Join Today [Executive Summary] Up Your Game: From Credit Manager to Trusted AdvisorBy David SchmidtThe impact of Covid-19 on the economy is creating both challenges and opportunities for credit professionals. While the primary challenge is sustaining your firm's cash flow, that challenge opens up the opportunity for you to work with your customers to help them meet that same challenge as well. With smaller customers, there is a little cushion, so cash flow equates very closely with survival. In addition, with working capital dear and risks elevated in this economy, there are opportunities for credit professionals to leverage their financial analysis, risk management, and process improvement skills in other corporate functions such as audit and compliance, supply chain management, and treasury.... keep reading[Credit Today Webinar Deck] Up Your Game: From Credit Manager to Trusted AdvisorMissed our webinar? Here is the slide deck...... keep reading[Credit Today Webinar Recording] Up Your Game: From Credit Manager to Trusted AdvisorIn case you missed the webinar, here is the webinar recording... keep reading2020 Staffing Challenges Part 2: Be Prepared to Do More with LessBy David SchmidtWhile credit departments are a bit leaner than at the beginning of the year, it appears the worst is over from a job-loss perspective. The problem remains, however, that management has shown little inclination to implement solutions that will help the individual credit staffer increase productivity. Anecdotally, quite a few respondents are also reporting that hiring new talent is difficult in the current environment. That means a lot of credit organizations are faced with the clich of doing more with less.... keep readingCredit Comes on Strong, As Sales Steps BackSales plummeted 70 percent for this restaurant supplier when the pandemic hit, and the sales team focused on new opportunities. But the credit team plunged forward, negotiating payment plans with struggling customers, while on the buying side using established industry suppliers to secure some scarce supplies to get their customers much needed equipment and supplies.... keep readingCollateralizing Credit Risk: Four Things to Keep in MindBy Robert ShultzIn this volatile economic environment, you may find that tightening credit lines or collecting more aggressively is needed to keep your customers current. There is a delicate balance between aggressive collection, risk management, and customer care. This is particularly true with major customers when both parties want to have a long-term relationship. One way to approach this is to obtain some form of collateral, that if liquidated, can presumably offset what the customer owes your company.... keep reading2020 Staffing Challenges: Part 1By David SchmidtTimes are tough right now for everybody, but many credit and collection functions are finding their visibility within the corporate structure has been heightened due to the economic disruption caused by Covid-19. When you are in the limelight, performance is critical. That's why we thought it would be beneficial to gauge the impact current conditions are having on credit and collection staff and get a feel for how the management of credit, collections and related AR activities is changing in response to the challenges faced.... keep readingWriting Down Notes Manually During Earnings Calls? AI is Here to Help You!By David SchmidtThe world's best on-demand fully-automated transcription service for financial audio- is how S&P Global describes Scribe, an AI-driven transcription service created by S&P's Kensho subsidiary and geared for the financial marketplace.... keep readingCollections Call Tips: How to Ask the Right Probing QuestionsBy Robert ShultzCollectors have a tough job and often a difficult dilemma. They are charged with getting payment within terms, and to maintain a good relationship with customers while doing it. Sometimes this involves real detective work involving difficult questions, while trying not to alienate the customer. The challenge is, if past due invoices are not getting paid, how to best communicate with your customers, demand payment as agreed, and get down to the real issues.... keep readingRetail Customers Low on Cash Flow? What About Consigning Inventory to Them?Under Section 2-326 of the UCC, goods shipped on to retail customers and held for sale are subject to your claims. But there is quite a catch. Monies in the retailer's possession derived from sales of those goods are vulnerable to being seized by the retailer's other creditors, should the retailer get into financial difficulty.... keep readingDoing Business with High-Risk Customers: 5 Ways to Get to a YesBy Robert ShultzIn this uncertain business environment, a previously valued customer, or a new applicant may be determined to be too high risk for a credit line on open account terms. Based on your company's credit policy the credit line requested cannot be approved unless the terms provide some assurance of payment. As we all know, you as a credit manager are tasked with finding ways to enable profitable revenue for your company.... keep readingGone with the Covid-19 Wind--When Remote Becomes NormalBusiness historians will someday ponder why it was 20 years into the 21st Century before electronic data processing, developing rapidly for five decades, took the office out of office work.Hundreds of thousands of tons of paper files had already disappeared into the computer cloud before everything from prospect risk analyses to final stages of collections had transitioned from hard-to-reach city centers and office parks to quiet corners of credit staffers' homes.... keep readingHas the Death Spiral Begun for Analog PaymentsBy David SchmidtPaper checks have been in decline for over a decade, but the Covid-19 Pandemic fully illuminated the negative aspects of analog processes (checks and cash). The light came on for many with the realization that there was nobody left in the office to send or receive checks.  Business Continuity, Cash Flow and Supply Chain Health where all impacted.... keep readingCredit Policy Benefits & How to Create OneBy Robert ShultzSo, What do you say when someone asks,"Why do we need a formal credit policy?" Many companies lack a formal credit policy, or the current policy has not kept up with today's dynamic business environment. It is essential for any company to have a coherent, well thought out credit policy addressing the company's financial and competitive needs. Credit policies set the "rules of the road" on how a company reviews the creditworthiness of its' customers and decides if, or how much credit to extend.... keep readingDun & Bradstreet Expands Partnership Program GloballySeptember 25, 2020Short Hills, NJ: Dun Bradstreet Holdings, Inc. (Dun Bradstreet-)(NYSE:DNB), a leading global provider of business decisioning data and analytics, has today launched D&B Accelerate, to develop new alliances globally as part of the company's expansive program. Combining Dun Bradstreet's data, analytics and insight with the capabilities of other market-leading businesses, D&B Accelerate will fuel the development and faster delivery of solutions to help clients transform, compete, grow and thrive.... keep readingCorporate Credit: Maximize Recovery, Preserve Opportunity with UCC Article 9By Robert DiNozziCorporate Credit Managers face uncertain times. In a post-PPP world, forbearance and amended credit agreements may no longer represent the most rational path for preserving the value of security interests.... keep readingMarrying Remote Work and a High Performance TeamBy David SchmidtBefore Covid-19 changed everything, there was minimal interest from the credit community in using remote workers -- and that despite evidence that remote work was having success in other professions, especially technology, and was growing faster than the working population as a whole.... keep readingGetting Hard Currency out of ArgentinaHello Everyone, I would like to know if anyone is currently having challenges collecting in USD out of Argentina. Due to recent government restrictions placed on certain corporations, payments in USD cannot be initiated out of the country to the U.S. at this time... keep reading2020 Incoming Payments and Remittance Processing Survey: The ConclusionBy David SchmidtPart-3 of 2020 Incoming Payments and Remittance Processing Survey.... keep readingGauging Local Economies for Industry Credit Risk AssessmentBy David SchmidtHere in the USA, it has always been difficult to get timely information about state and local economies.Most economic data is presented at a national level. To get a view into State and Local economies, you have to dive into the data, and most credit executives don't have the time for that.... keep reading More HeadlinesThis month survey takes a look at...=> The perceived value of the credit department by the rest of the organization=> Any staffing level changes that have already been made and any changes that are being contemplated=> Plans for coping with reduced staff=> Other ways remote work and the economy have affected your credit organizationPlease click here to participate!This month survey takes a look at...=> The perceived value of the credit department by the rest of the organization=> Any staffing level changes that have already been made and any changes that are being contemplated=> Plans for coping with reduced staff=> Other ways remote work and the economy have affected your credit organizationPlease click here to participate!Credit Today is a significant resource for me and my team. The plethora of articles and helpful tips written by successful subject matter experts is priceless, as their instruments (liens for example) that we may not use regularly, or situations we don't encounter daily. It's nice to have these resources readily available.Jeff PerlsteinDirector of Credit, Berlin PackagingI think Credit Today is fantastic. You cover many practical topics in the credit field that I use regularly. Just one recent example—a conversation on the ListServ about preferential payments—gave me tips that I used in an actual case. The specific information I picked up from this one discussion saved me $10,000, enough to cover my membership for many years!- Steve SavinoManager of Credit & Collections, ASSA Abloy Americas Division, New Haven, CTStarting a shared service center has definitely been challenging, but I use your site all of the time for best practices and other resources. I put out a “did you know” email 2 to 3 times per week to my staff so that they gain knowledge and can become self-sufficient in credit & collections and I use a lot of articles from Credit Today. I love the site.- Nitta CharnonCredit & Collections Supervisor, Actuant Corporation"We've recently started using the ListServ tool within Credit Today. This is phenomenal and powerful forum for gaining immediate feedback, ideas, and suggestions, relative to any credit topic under the sun, all in a real-time e-mail format."-Javier Vela, Senior Credit Manager, Global Credit Services, JDA Software Group Inc."Over the last 10 years I've seen Credit Today evolve from a monthly credit publication into a quality source of information and guidance for the B2B credit community. The website, with its user friendly form downloads, will take you from examples of new account credit applications to bankruptcy forms and everything in between.The Credit Today ListServ has become the pre-eminent online forum, providing an opportunity for discussion and comments (and occasional humor) from an impressive list of credit professionals."David Dungan, Director of CreditJustin Brands, Inc. (A Berkshire Hathaway company)Fort Worth, Texas"The newsletter, coupled with the website and the ListServ, are to us, more valuable than any other credit publication, bar none. I try to use at least one article out of each newsletter for departmental training/discussion sessions."D. Mark ConstantineCorporate Credit MgrFulton Paper Company"I love Credit Today and read every issue cover to cover. For me, the greatest perk of a subscription is ListServ. I believe Credit Today's ListServ members may be the most knowledgeable Credit brain trust in existence today. I have saved and categorized hundreds of contributions on a wide variety of topics which I refer to often. It's an easy and cost effective way to network and learn."Doug M. Thomas Kimberly-Clark Customer Financial Services

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