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Credit Today Sample Articles

Thank you for coming to Credit Today's Members-only website. Here are just a few samples of material you'll find here. Most is available only to Members. Take a look around and enjoy your stay here at Credit Today! We look forward to you joining our community of happy members and becoming a full member yourself soon!

Collection Automation Drives Performance Gains: Part Two
Collection Automation Drives Performance Gains: Part Two One conclusion that stood out in the analysis of May's Credit Today's Benchmarking Survey on Collection Automation is that, more than ever, cash is king. Companies that have cash have options, whereas those that are leveraged with debt are having a much tougher time of it. As a consequence, AR performance in general and cash flow in particular are critical. No enterprise, especially in these economic times, can afford to see cash flow slump or tolerate bloated receivables. Read on for critical information on the relation of collection automation to:
  • number of collectors
  • number of collectors
  • company revenue
. . .
keep reading
Collection Automation Drives Performance Gains: Part Two - Reader Responses on Improvements, Monitoring, Automation Tools, Organizational Changes and More...
Question: Please tell us what you are doing to improve your department's collection performance. What innovations have you made? Have you changed how your staff is organized? Have there been any outs . . . keep reading
Teaming Up With Sales For Collections
"We do a lot of custom work, and we don't get a lot of money up front." A formula for collection disasters? Not at this company where a credit savvy and collection-motivated sales force keeps delinque . . . keep reading
Working With Distressed Customers
Some customers need help, know they need it and ask for it. Others go into denial until they're beyond help. This year you may face the dual challenge of figuring out how to help the first group and how to prevent losses with the second. Here we talk with two experts who have long experience in working successfully with distressed credit customers. . . . keep reading
Checklist: Major Online Seller's Top Seven Risk Factors of Fraud For Web-based Orders
As Internet-based orders rise, so does fraud. Here are the seven risk factors you need to watch out for if you want your profits to keep track with your Web sales. Once you have a distribution . . . keep reading
Time for the Tough to Get Going
Time for the Tough to Get Going While very few people anticipated the depth of our current financial crisis, a year ago most recognized that boom times were over and a tougher economic environment lies ahead. In the benchmarking survey we conducted the first quarter of 2008 on the subject of economic risk we asked, "Do you believe we are headed into, or already in, a recession?" At that time 51 percent indicated definitely yes and an additional 35 percent said probably. Of the remainder, only 7 percent did not see a recession on the horizon and another 7 percent were not sure. . . . keep reading
Time For the Tough to Get Going - Part 2
Monitor the Entire Supply Chain -- Both Physical and Financial "In consideration of the 'changing retail climate,' the survivability in the retail sector is extremely challenged. We're seei . . . keep reading
Three Ways Warren Buffett Looks for Questionable Accounting
In one of his letters to Berkshire Hathaway shareholders, legendary investor Warren Buffett offered three tips for ways to spot questionable accounting. While the advice is meant for investors, it is equally applicable for all credit execs. The problem this solves is significant. When looking for accounting problems, you've got to know where to start, and if you don't have a valid "filtering" mechanism, you'll have to dig very deeply when examining the financials at all of your accounts. These tips offer a great blue-print for which accounts to examine more closely. . . . keep reading
Month-End Credit Reporting Could Use a Makeover
Month-End Credit Reporting Could Use a Makeover Your month-end report is a regular opportunity, not only to list the status of your receivables, but to describe your challenges and achievements to everyone in the company with actual or potential impact on your department. Are you taking advantage of it? Our latest survey shows that many neglect to present the most useful information in the most compelling formats through the best available distribution channels. . . . keep reading
Annual Credit Card Benchmarking Survey: Credit Cards Increasingly Integral to B2B Collections as Online Acceptance Grows
January 5, 2009
While growth has stagnated in terms of the number of trade credit grantors accepting credit card payments, the use of credit cards within those companies appears to be growing at a modest rate. Moreov . . . keep reading
Credit Card Survey: Respondents Offer Up Advice on Web-based Credit Card Interfaces
Another question in our annual credit card benchmarking survey asked respondent if there was anything they particularly liked or don't like about their web-based credit card interface. Web-based c . . . keep reading
2008 Credit Card Survey: Advice and Lessons-learned For Those Thinking of Setting Up a Credit Card Account
One of the questions in our survey asked respondents if they had any advice for someone thinking of setting up an interface to accept credit cards, but was not sure of how to go about it. We also asked for lessons-learned. Based on the responses to this question, it is quite clear that the devil is in the detail. While the basic concept behind accepting credit cards in payment of commercial transactions is relatively straightforward, any number of peripheral issues can crop up. We've organized the great responses into the following categories:
  • Evaluating Your Options
  • Implementation
  • Process Issues
  • Unintended Consequences, and
  • Success Stories
. . .
keep reading
Where Credit Cards Don't Work
Our benchmarking survey on credit cards explored reasons why some trade credit professionals do NOT accept credit cards. The primary reason cited by most firms that do not accept credit cards is t . . . keep reading
Credit Crisis Roundtable - Credit Reporting Veteran Expects The Toughest 60 Days of His Career
40-year credit reporting veteran expects the toughest 60 days of his career! ... Proprietorships walking away from businesses... California's stats were worse than the rest... deal order-to-order with all but the top dozen or so companies... after Christmas, all bets off? ... 20% (or more) of all car dealers to go under? GM withholding dealer rebates to save cash? . . . keep reading
Credit Crisis Roundtable - Data on Small Business Credit Shows "The Old Rules Don't Apply"
Credit Crisis Roundtable - Data on Small Business Credit Shows "The Old Rules Don't Apply" Experian's Data on how the Credit Crisis is affecting small businesses and consumers; the impact of financial stresses on small business' personal vs. their business credit... Mortgage delinquency rates of small businesses - surprising findings ... specific data on which industries are hardest hit ... which regions are hardest hit... trade creditors angry towards banks...

CT: Dan, you've developed some interesting small business data. What can you tell us about that? Meder: With the mortgage crisis in full swing, and knowing that from previous studies we've done that small business owners, personal financing, and business financing are . . .
keep reading
Credit Crisis Roundtable - Why the current downturn may be much worse than most expect
Are we Japan in 1989? ... Keynesian vs. Austrian economics and what that means: Policy implications the new president should consider. ... "Creative destruction" as a school of economic thought... The scope of derivative contracts worldwide... Why the current downturn may be much worse than most expect... . . . keep reading
Credit Execs: NO to Federal Bailout of Automakers!
November 17, 2008
We received an overwhelming response to our quick survey last week on the issue of whether or not the Federal government should bail out GM or Ford. script type="text/javascript" src="http://forms.a . . . keep reading
Benchmarking Credit Insurance: Benefits - Raw Data
Credit Today's Benchmarking Survey on Credit Insurance asked respondents for the benefits of using credit insurance. The following is the raw data in response to that questions: To give a new opini . . . keep reading
Reasons Credit Pros Don't Use Credit Insurance: Raw Data
The following are the responses received on Credit Today's Credit Insurance Benchmarking Survey for why they do not use credit insurance. Raw Data Past investigations (over 5 years a . . . keep reading
Credit Insurance Survey: What the Credit Pros Are Saying
When we asked the survey participants in our benchmarking survey on credit insurance to tell us about the benefits they had realized by using credit insurance, the responses were overwhelmingly positi . . . keep reading
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Benchmarking invoicing: costs, time required, methods, best practices
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