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Our Subscribers Say...
I 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 Savino
Manager of Credit & Collections, ASSA Abloy Americas Division, New Haven, CT
Credit Today's Resource Directory and their online e-mail forum (ListServ) provide information on almost any credit-related topic you can think of. It is a great way to exchange information with other credit professionals. As the saying goes, "You don't know what you don't know."
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Credit Manager, Big Lots Stores, Inc., Wholesale Division
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"Being a part of the Credit Today online community is like having the expertise of hundreds of credit managers at your fingertips. These credit execs are willing to help you solve topical business issues as they arise. In the current environment of ever increasing competing priorities which reduce our opportunities to meet peers out of the office face-to-face, this is the most valuable tool you can have on your desktop! It's important that we have a mechanism to reach out to our counterparts quickly to exchange knowledge as well as to stay on top of industry trends."
- Victoria Artis, Director of Customer Financial Services, Pfizer, 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-imminent online forum, providing an opportunity for discussion and comments (and occasional humor) from an impressive list of credit professionals."
David Dungan, Director of Credit
Justin Brands, Inc. (A Berkshire Hathaway company)
Fort Worth, Texas
"There are numerous credit periodicals available to the credit professional today. How good is Credit Today? Is it relevant? I always have to read it late, or online because my credit analysts want to read it the minute it comes in. When my staff wants to read a publication before I have a chance to read it then something is working in that publication. We have cancelled our other subscriptions. When you have the best you do not need the rest."
Ron Woods
Corporate Credit Manager-World Wide
Thales Navigation, Inc.
"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 Constantine
Corporate Credit Mgr
Fulton 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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Welcome to
Credit Today Online
Credit Today is the premier online portal for trade credit professionals. This web site and all the resources within are for subscribers to Credit Today Online. If you are new to our site, please feel free to browse some of our sample articles now!
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The Best Practices Series: Installment XV, Handling and Filing Bankruptcy Claims
By David Schmidt
Bankruptcies serve a necessary function in the free enterprise system. They provide a legal means to, as equitably as possible, either reorganize or redistribute the assets of failed enterprises. From a creditor perspective, however, the bankruptcy process provides a last opportunity to recover what you can from your terminally ill customers. Doing so requires an understanding of the bankruptcy laws and processes and, most importantly, a methodology for insuring that the necessary steps are taken to protect your company's interests. In this Best Practice installment, you'll learn: - The three primary benefits of implementing best practices for bankruptcy claims
- Our eleven recommendations for procedures to implement when filing bankruptcy claims
- Six metrics to track to monitor how well you're measuring up
In addition, we've included a case study with some great ideas. . . . keep reading
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"The Guaranty: A Powerful Tool"
by Ann Morales Olazábal, MBA, JD
Dade Industries' credit manager, Wayne Dempsey, wondered what would be next. Dade had just recently completed the acquisition of a smaller competitor and in reviewing the company's accounts receivable, he felt like he had opened a can of worms. For instance, most accounts Dade would ordinarily have required to be guaranteed were not. Some files had notes in them that indicated the owner of a small customer had verbally agreed to be held responsible for the account if... This case study looks at the nuances necessary to get a good guarantee, the differences between a guarantee and a surety (co-signer), and whether or not there is such a thing as a "standard" guarantee. . . . keep reading
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Managing Export Credit--It's a Jungle Out There
Load a month's production into several 40-foot containers and ship them halfway around the world. How do you ensure that you'll be paid? How do you comply with all of the customs and other government regulations, both here and in the customer's country? And how can you be sure you'll get the containers and the on-board space you need when you need them to meet the contract delivery dates? These are the routine challenges of export credit management today. . . . keep reading
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Dispatches From the Credit Front, January 2012
- Are Any of Your Customers Selling Out? - Why more business-owners are likely to sell out this year, and the consequences for trade creditors.
- Spin-Offs and Carve-Outs - Increased numbers of spin-offs and carve-outs are also likely, and potentially a big problem for trade creditors caught unaware. What to expect and some strategies to help.
- Retail Sales, Not Earnings, Now the Most Reliable Metric - Why sales and not earnings are probably better indicators after retailers' cautious behavior during the holiday season.
. . . keep reading
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The Best Credit Security Is Your Own Hard Work
You get what you pay for. And you pay for what you get. Take credit insurance. There's no disputing its value against nonpayment and default. However, multiple claims or fairly large claims could result in an increase in your premium and deductible--which is why astute credit managers, like this one, always hedge their coverage with searching and continuous risk analysis. . . . keep reading
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Analyzing Credit Risks Early in an Economic Recovery
Businesses have memories, and often the most important ones are in the credit department. It's not just whether customers paid within terms. It's how they acted when the going got tough. If they made promises, did they keep them? Did they take your calls and answer your questions fully and forthrightly? Those memories, whatever they are, can be your best guides to analyzing risks in this challenging economy. . . . keep reading
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Energizing a Credit Staff's Potential
A credit staff can work for a long time without ever achieving its full potential. Lack of training, direction and/or up-to-date systems and procedures can lock it into consistently sub par performance. Then again, with the training and systems readily available today, the same staff can quickly blossom into super performance. That's what happened here under a new manager committed to excellence. . . . keep reading
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Outlook 2012
This month's survey explores...
- What the top problems are facing credit execs currently, and
- What the top improvement initiatives are.
Click here to participate!
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Webinars
