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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."
- 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-eminent 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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Credit Scoring Central
You've just discovered the best, most comprehensive resource on credit scoring anywhere. We've compiled everything you'll need to get started in credit scoring or analyze and upgrade your current situation: plain English, easy-to-understand "how-tos," expert analysis, glossary of terms, benchmarking (who's doing what in the trade credit field), case studies of how, why, and what scoring systems were used by major companies, and even do-it-yourself templates you can download.
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Beyond Credit Data to See More, Sell More
By Jim Swift
Businesses have long relied on conventional credit data to evaluate the credit worthiness of potential customers. In fact, many companies have leveraged traditional credit data to analyze the financial solvency of prospects -- using the data to predict whether a prospect was in a financial position to purchase additional products and services. . . .
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Business Compass® LLC's Altman Z-Score+ now available on Bloomberg's App Portal
November 14, 2012
RANDOLPH, N.J.--(BUSINESS WIRE)--Business Compass LLC today announced that its corporate credit risk analysis application Altman Z-Score+ is available via the Bloomberg Professional service, as a new feature called the Bloomberg App Portal. Bloomberg Professional service subscribers globally can instantly access the Bloomberg App Portal at {APPS} to where they can search for dozens of applications that help users accomplish specific tasks, such as value and price securities, visualize and analyze data or leverage new charting techniques. Applications can be licensed and operated from within the Bloomberg Professional service environment - without disrupting or interrupting workflow. . . .
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Credit Today Benchmarking Survey: Account Monitoring, Part 3 - Finding the Best Options for Your Credit Environment
By David Schmidt
Credit execs are a resourceful group, as these responses will illustrate. Many must work within the limited capabilities of their existing systems to find innovative ways to monitor accounts. Exceeding assigned credit limits or going past due are two sure ways for an account to get reviewed by the credit staff, but most credit teams keep an eye out for many other types of exceptions that warrant attention from an account monitoring perspective. To get a better idea of the practical steps credit departments are taking to monitor their accounts, the survey asked: respondents to tell us about their account monitoring activities, including: - What you track
- What monitoring challenges you face with regard to the make-up of your receivables portfolio
- How you address those challenges
- In what ways you use the data from account monitoring to help your AR performance
Read on for some great suggestions and "in-the-trenches" feedback on all of these critical credit department functions. . . .
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Vendor Study: How to be less surprised by a large customer's bankruptcy (or, demystifying the "cloaking effect")
By Camilo Gomez, PhD
The "cloaking effect" - Payment information has historically been a cornerstone of our methods for monitoring and evaluating the financial health of corporate customers. Historically, it has proven useful to review how we have been paid by a customer, and to review and compare how that customer has paid its bills to its other creditors. We know from experience that this basic credit analysis technique, used in combination with auxiliary information (such as a review of Suits, Tax Liens and other public records) provides an effective basis for making credit determinations. However, cases frequently emerge of companies that pay their bills on time… right up until the day they file for bankruptcy protection. Recently, some in the credit-information industry have called this the "cloaking effect," because these companies' payment profiles do not reflect their poor financial condition... their financial stress is somehow "cloaked." . . .
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Credit Scoring Modules: A Credit Manager's Best Friend
By Craig Combs
As credit manager, your greatest asset is the ability to determine risk. This means not just minimizing the credit risks for your company, but also supporting sales growth. How well, to what degree, and how fast you can perform the task of risk assessment of a new customer or an established account can have a huge impact not only on your company's bottom line, but also on sales growth, controlling credit costs, and your ability to collect accounts receivable. . . .
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Towards a Better Understanding of Small Business Credit Risk, Part 1
By David Schmidt
There is a growing need for business and risk information on small and medium businesses (SMB). A major reason for this is the rapid growth of the small business sector, especially those with annual sales of less than $500,000. There is a very limited pool of public and large private companies in the US (under 20,000), while there are literally millions of small businesses. Since the year 2000 the number of US businesses has grown by 36 percent, and the number of small businesses with sales under $500,000 has increased by 7 million. . . .
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A Risk Scoring System That Makes the Grade
Without a comprehensive and consistent credit scoring system, a credit manager cannot assess the creditworthiness of a new or existing customer. This can ultimately lead to collection problems and potential bad debts. In order to be more comprehensive and consistent in his credit scoring, this manager of credit and treasury services has developed a ten-variable credit risk scoring system on which he bases his credit decisions. . . .
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10 Questions - A Banker's Guide
Questions any bank would want answered about any commercial loan applicant certainly merit the attention of any credit manager. Among the most common: Does the business deal in goods o . . .
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SunGard Acquires PredictiveMetrics to Broaden the AvantGard Suite and Expand into Trade Credit Liquidity
February 3, 2011
SunGard today announced that it has acquired PredictiveMetrics, a provider of predictive scoring and analytical services for trade credit, debt collections, utilities and other markets. The acquisition will help extend SunGard's AvantGard suite of receivables solutions to offer statistical scoring services that help organizations proactively analyze the credit and collection worthiness and likelihood of delinquency or payment across their receivables portfolio. The acquisition, the terms of which were not disclosed, is not expected to have a material impact on SunGard's financial results. . . .
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Credit Scoring's Great, But Make Sure You Understand it's Limitations!
Credit scoring is a powerful tool that can improve productivity, quality control, visibility, and many other aspects of your credit analysis process. But it is not without its limitations. Most are not dealbreakers, but you'll definitely want to have a full understanding of the potential pitfalls. Credit Today's recent benchmarking survey on credit scoring uncovered a great list of items that anyone using credit scoring needs to keep in mind. . . .
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Benchmarking Credit Scoring: Advice For Those Thinking of Using Credit Scores
Are you thinking of adding credit scoring to your tools in credit? Our recent benchmarking survey on scoring asked respondents for their advice for anyone considering credit scoring. We asked for lessons-learned, how well scoring is working, and for a quantification of the benefits (cost savings, ROI, etc.) wherever possible. Several themes emerged from this section of the survey. A large group of credit pros pointed out in one way or another that credit scores are just one piece of the credit analysis puzzle. Likewise, others stressed the need to use scores within the perspective of your marketplace, while a third group explained how scores benefit their organization by providing consistency and standardization. Several other respondents discussed the benefits they have realized from their investment in scoring and lastly a few others provided some tips for those looking to partner with a scoring vendor. . . .
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Bankruptcy Issues
