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Greetings!
We're
into 2007!
Amazing..
time
rockets by
and then
we'll be
doing this
again for
2008...
now is the
time to
plan and
manage in
order to
keep it
simple
throughout
the year.
Proper
planning
will help
the
finance
area enjoy
the
holiday
parties
rather
than the
9:00pm
nights in
the office
to close
out the
year.
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Keep
the
Faith
and
Keep
Continual
Control.
Scrubbing
the
Numbers
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Mark
the
course
and
keep
your
rudder
straight!.
Consistent
and
continual
management
of
the
treasury
processes
makes
corporate
quality
of
life
much
better
in
the
long
run.
So
says
Tim
Reason,
a
senior
writer
for
CFO.
Imagine
a
life
where
there
is
no
last
quarter
surge
to
prop
up
the
balance
sheet.
No
stretching
the
payables
and
blitzing
the
receivables
to
increase
the
cash
position.
Considering
the
time
value
of
money,
dollars
left
in
the
AR
are
worth
less
the
longer
they're
in
AR.
The
cash
position
graph
suddenly
is
missing
the
traditional
spikes
with
proper
and
consistent
management
of
the
treasury
processes.
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"To
see
what
is
in
front
of
one's
nose
requires
a
constant
struggle."
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Early
Warning
Signs
of
Trouble
Early
Action
May
Stem
Losses,
Save
Businesses
As
credit
quality
comes
under
increasing
pressure,
management
consultants
specializing
in
turnaround
and
crisis
management
have
a
veritable
catbird
seat
from
which
to
gain
hands-on
insight
into
the
signs
and
causes
of
underperforming
and
troubled
companies
and
their
remedies.
One
definition
of
an
underperforming
company
is a
business
that
is
somewhere
between
a
call
from
a
past-due
supplier
and
the
steps
of
Bankruptcy
Court.
A
more
measurable
definition
is a
business
in
which
one
or
more
of
the
following
conditions
exist:
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Asset
Searching,
Employment
Verifcations,
Estate
Searches....
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Its
important,
but
"who"
has
the
time??!
Don't
let
your
money
be
left
hanging
out
to
dry!!
Be
the
Star
You
Are!
In
a
world
where
Sabannes-Oxley
loomes
large,
these
are
important
aspects
to
deal
with
in a
number
of
areas.
When
exercising
the
proper
level
of
fiduciary
responsibilty,
the
goal
is
to
leave
no
money
on
the
table.
Insuring
that
all
bases
have
been
covered
and
that
all
areas
have
been
dealt
throughly
and
expeditiously
is
foremost.
If
the
debtor
has
it,
you
have
to
find
it!!
After
all,
its
either
yours
or
your
client's
money!
The
auditors
need
to
be
shown
that
you've
done
everything
in
your
power
to
protect
the
client's
/
shareholder's
asset.
Documentation
substantiating
your
actions
is
crucial.
Whatever
your
search
requirement,
TFC
can
quickly
handle
your
need.
TFC
offers
a
full
array
of
searches
designed
to
save
you
time
and
money!
www.tfc-associates.com
or
call
201-678-9088
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Days
of
Delinquency
..
DSO
not
the
only
measue
to
track..
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DSO
is
at
a
10
Year
Low
in
the
U.S.
While
finance
chiefs
and
credit
managers
routinely
consult
"days
sales
outstanding"
numbers
to
judge
how
efficient
their
companies'
collection
operations
are,
DSO
tells
only
part
of
the
story.The
metric
known
as
"days
sales
outstanding"
(DSO),
a
gauge
of
credit-collection
efficiency,
is
at a
10-year
low
for
U.S.
corporations—and
that's
good
news.
To
many,
a
low
DSO
means
that
a
company
is
collecting
its
outstanding
receivables
quickly,
and
a
downward
trend
suggests
that
the
credit-collections
process
has
grown
more
efficient.
But
DSO
scores
don't
tell
the
whole
story.
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