 |
|
 |
|
 |
|
 |
|
 |
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."
- Scott Goen,
Credit Manager, Big Lots Stores, Inc., Wholesale Division
"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.
"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 |
|
|
 |
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!
|
Lenience on Payment Terms: Can it Come Back to Bite You?
By Ann M. Olazábal
Howell-Brewer Industries' credit manager, Joe Drury, is in a quandary. During the depths of the recent economic recession--from 2008 to 2011--he had eased up on terms with many of Howell-Brewer's customers. This case study explores the legal ramifications of letting customers "slide" (perhaps "extend a helping hand" is a better way of putting it) by allowing them to pay beyond your normal terms when they're in trouble. But what happens when the ship has been righted? Does that allowance give them the right to continue paying late forever? Learn: - the legal principles behind this question
- what is likely to happen in such a dispute and why, and
- a key clause you should put in your Credit Agreement to protect you against any problems
. . . keep reading
|
What have your companies done to create titles for the levels of experience in your credit staff?
May 2, 2012
To prepare for future growth in our credit dept, we have kicked around the idea of enhancing the job description title. We are looking for a title for the more seasoned veterans on our staff because their experience is broader than a new hire's. We are curious what other companies are doing or what they are measuring to create a hierarchy based on experience. We currently have all our Credit Analysts as simply "Credit Analyst". We would like some feedback on using Senior Credit Analyst or another title to show a broader range of skills. What have your companies done to create titles for the levels of experience in your credit staff? What metrics do you use to measure those skills? Is it strictly based on years of service, core abilities, or a mixture of both? . . . keep reading
|
Dispatches From the Credit Front: April 2012
This month's issues: - Time for Customers to Speed Up Payments? You'll Probably Have to Ask - More than one way to skin a cat to get the best outcome from your customer base - Two opposite strategies detailed, both used successfully in the Recession and it's recent slow recovery.
- Let It Snow, Let It . . . - Coping strategies in a seasonal business - that didn't have much of a season.
- Lavishly Compensated Executives of Bankrupt Corporations; Whose Money Is It, Anyway? - Who's responsibility is it to call out excessive compensation at faltering companies? The Board or Creditors?
. . . keep reading
|
Driving Down Excessive Deductions and Keeping Them Down
As a veteran credit professional, you have the proficiency to excel in any responsibility in your department. As a credit manager, you have the responsibility of replicating your proficiency throughout your staff. Here's one credit veteran's job-proficiency replication program. . . . keep reading
|
What Are Your Damage Mitigation Options After Buyer Breaches a Contract?
By Ann Morales Olazabel
The Scenario: In July of 2008 TriCounty West signed a written contract with ADT Bulk Sales to buy 360 tons of anhydrous ammonia for $1,160/ton with delivery between April 1, 2009 and May 30, 2009. As we know, the economy fell sharply in September 2008 and continued to sink. The price of anhydrous ammonia dropped from nearly $1,200 a ton to one-third of that or less. And that was if you could find a buyer. This case explores the alternatives, remedies, and potential pitfalls for a creditor when such a scenario unfolds, including the legal concepts of damage mitigation, resale damages, nonacceptance damages, and resale. What should you do when you are faced with such a dire situation to best preserve your rights and your chances at collection? . . . keep reading
|
Credit Today Benchmarking Survey: Despite the Economy Credit Department Budgets Remain Relatively Stable
By David Schmidt
This month's benchmarking survey covers - How much have credit department budgets have risen (or fallen) in the past year
- Exactly how credit departments are allocating their budgets
- What the median budget is overall at all credit departments, and what levels are the top and lower quartiles
- The average percentage devoted to labor costs in credit department budgets
- What budgets reveal about a firm's priorties
- Some surprising observations about what the allocations mean
. . . keep reading
|
|
|
|
 |
Credit Groups 2012
Wonder What the ROI is on Credit Groups?
Find out here...
It's been 4 years since our original ground-breaking survey on credit groups and we're revisiting this most important topic. Among other topics, we're investigating:
- What are the top services being offered by credit groups
- How much credit groups cost
- What the value of credit group services is
- What the value of credit group services is in comparison to credit reporting services
- How data is submitted
- What percentage of credit groups reveal terms
- What percentage of credit groups share data outside the credit group
And much more...
Click here to participate!
|
|
 |
|
 |
|
 |
|
May 2012
|
|
| S |
M |
T |
W |
T |
F |
S |
| |
|
1
|
2
|
3
|
4
|
5
|
|
6
|
7
|
8
|
9
|
10
|
11
|
12
|
|
13
|
14
|
15
|
16
|
17
|
18
|
19
|
|
20
|
21
|
22
|
23
|
24
|
25
|
26
|
|
27
|
28
|
29
|
30
|
31
|
|
|
|
|
|
|
Webinars
