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Technology Today
Technology Today

Coping with today's fast-paced change is difficult. Change can bury you if you're not ready. But at Credit Today we believe that today's technology tools present you with an extraordinary opportunity to make quantum leaps in productivity. Read on to learn about credit scoring models, document imaging, electronic check conversion, Internet bill presentment and payment systems, combating payment optimization programs, the use of E-mail, and enterprise sytems.

Watch These Fast Growing Technology Trends
It's imperative that you monitor the trends and watch for opportunities to improve your operations. Here are some areas of interest to IT professionals and the banking community that you should put o . . .  keep reading
Eight Secrets to Success in 2008
Whether or not you make formal New Year's resolutions, the passing of another year is a great time to reflect on where you have been and where you are going. In the face of a changing business and eco . . .  keep reading
Case Studies: Cost Savings and Improved Customer Service Gained By Outsourcing the Billing Process
The benefits from eliminating manual processing and paper billing are extremely compelling. Here we look at two companies that moved the processing and distribution of invoices and statements to a thi . . .  keep reading
Statement Processing and Distribution: Paper Predominates, but Alternative Methods Are Gaining Traction
Processing and mailing statements (and invoices) is time consuming and costly. As a consequence, third-party service providers are now offering to take the burden off your hands, and by doing it more . . .  keep reading
Software Vendors Keep Pushing the Envelope to Deliver Innovative Tools and End-to-End Functionality to Credit Pros
At this year's NACM EXPO, we were greatly impressed by the quality and number of all the vendors, but especially the tech companies. The number of innovative tools and products available to the credit . . .  keep reading
Credit Bureau Beefs Up Database and Search Engine
One key to a comprehensive credit investigation is uncovering all the relevant data on the business you are reviewing. A primary tool for accomplishing this task is the traditional credit bureau repor . . .  keep reading
The Technology Trap
Despite fears to the contrary, the U.S. economy is consistently outperforming all other major economies, according to a recent study by the Center for Economic Performance at the London School of Econ . . .  keep reading
Laptops Will Travel - Eight Steps to Better Security
An early information age axiom states that there are only two types of computer users: those who have lost information and those who will. Increasingly, information is being lost whenever a laptop is . . .  keep reading

CreditRiskMonitor Launches New Service That Delivers Credit Limit Recommendations
Over the past decade credit reporting companies have made a subtle shift in their product focus. In the past, you bought a credit report or signed up with a monitoring service and were deliver . . .  keep reading
Speed, Comprehensiveness, and Cost-Effectiveness Add Up to Great Resource for Credit Pros
Credit execs and their staffs are spending more time than ever on the web in pursuit of actionable information to help manage their A/R. The highest percentage of responders - 35.8 percent - s . . .  keep reading
Downloads Today: The Ins and Outs of YESCO's Home-Grown Credit Scoring Template
Downloads Today: The Ins and Outs of YESCO's Home-Grown Credit Scoring Template At YESCO, a Salt Lake City sign-maker, they searched far and wide for a good credit scoring package that would meet their specific needs. After spending nearly a year, and looking at nine or ten different software packages, they threw up their hands and decided to develop their own. Duane Wardle, Senior Vice President & Treasurer at YESCO, submitted their template to us, and we spoke with him recently about how they put it together. . . .  keep reading
Credit Scoring Myths Exposed
The following are six common myths about credit scoring: . . .  keep reading
New Devices Aid Productivity and Mobility: Are They As Good as They Seem?
A significant minority-29 percent-of credit execs are now using mobile e-mail devices on the job. Clearly, the age of "smart phones" is here. And the communication efficiencies can quite extra . . .  keep reading
Do-It-Yourself Spreadsheet Template Helps You Develop Your Own Credit Scoring Model
One of the most popular new features at the Credit Today website is our file download section. We'll periodically highlight s . . .  keep reading
Professional Hackers Can’t Break Into eCredit’s System
Professional Hackers Can’t Break Into eCredit’s System Speaking of security concerns, Dedham, MA-based eCredit hired IBM, posing as an unauthorized user, to try to break into their web-based applications to steal information from their underlying databases. The IBM team also tried to escalate regular user privileges to those of an administrator to simulate an attack from an insider. According to a report in Collection Technology magazine, eCredit is doing a “more than adequate” job of protecting their data from hackers and data thieves. . . .  keep reading
On the Horizon - Real-Time Reporting?
On the Horizon - Real-Time Reporting? The Big 4 accounting firms called recently for the end of quarterly reporting and have challenged firms to move towards real-time reporting. In a paper published by the accounting firm, they state: "Current systems of reporting and auditing company information will need to change - toward the public release of more non-financial information customized to the user, and accessed far more frequently than is currently done." We don't expect anyone to make this change right away. Other than the obvious logistical hurdles, defining what information is reported will be critical. One of the big dangers will be information overload. . . .  keep reading
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