Sunday, December 8 2013 11:06 PM EST2013-12-09 04:06:26 GMT
MT. WASHINGTON, Ky. (WDRB) -- According to jail records, Nicholas Bain was arrested and charged with terroristic threatening on Dec. 7 after he allegedly planned a shooting at a Bullitt County elementary school.More >>
According to jail records, Nicholas Bain was arrested and charged with terroristic threatening on Dec. 7 after he allegedly planned a shooting at a Bullitt County elementary school. More >>
Sunday, December 8 2013 7:13 PM EST2013-12-09 00:13:36 GMT
LOUISVILLE, Ky., (WDRB) -- Six times during an armed robbery trial last December, defense attorney Frank Jewell asked Louisville Metro Police Det. Derrick Leachman whether he took photos at the crime scene. SixMore >>
Police have turned over to prosecutors a list of 26 officers whose credibility could be called in to question at trial.More >>
Saturday, December 7 2013 8:44 PM EST2013-12-08 01:44:33 GMT
Cancellations for church services, child care services and community events due to wintry weather. This is separate from Snow Fox school and large business closings listed on the home page.More >>
Running list of cancellations for church services, child care services and community events due to wintry weather. This is separate from Snow Fox school and large business closings also prominent on the home page here.More >>
Sunday, December 8 2013 9:30 PM EST2013-12-09 02:30:48 GMT
LOUISVILLE, Kent. (WDRB) --- Bowl selections became official Sunday, and the opponent many of the Louisville football players said they were hoping for will be the team the Cardinals face in the RussellMore >>
It's the opponent Louisville wanted in the Russell Athletic Bowl...the U!More >>
Follow the WDRB Newsroom, Reporters and Anchors.More >>
Tweets from the WDRB Newsroom, Reporters and Anchors.More >>
Information contained on this page is provided by an independent third-party content provider. WorldNow and this Station make no warranties or representations in connection therewith. If you have any questions or comments about this page please contact firstname.lastname@example.org.
SOURCE Atradius N.V.
BALTIMORE, September 25, 2013 /PRNewswire/ --
Businesses in the Americas express concern about maintaining adequate cash flow levels this year, and consider this one of the biggest challenges they will be facing. These opinions are consistent with those of businesses in Europe. In Canada and the U.S., foreign B2B receivables represent a greater threat while in Mexico and Brazil domestic B2B receivables are of more concern.
The September 2013 Atradius Payment Practices Barometer, a survey of B2B suppliers of products and services in Brazil, Canada, Mexico and the U.S., highlights that, despite modest economic improvement, generating and maintaining sufficient cash flow remains a priority. Insolvency trends, slow sales growth, financing and payment defaults all contribute to the challenge.
For respondents in Canada and the U.S., foreign B2B receivables represent a greater threat than domestic B2B receivables. In the U.S. 6.7% of foreign and 4.5% of domestic receivables were written off as uncollectable. In Canada 5.9% of foreign and 4.3% of domestic receivables went uncollected. In Mexico and Brazil domestic receivables are a bigger issue for survey respondents. In Mexico, 6.4% of domestic B2B receivables went uncollected versus 5.5% of foreign receivables; in Brazil 7.7% of domestic and 7.3% of foreign B2B receivables were uncollectable.
Compared to businesses in Europe, collection of foreign receivables is consistently a greater challenge for business respondents in the Americas. Whether due to inexperience in exporting, inconsistent payment practices, language or cultural barriers, or less use of external credit management resources such as credit insurance, international collections or credit information services, businesses in the Americas seem to struggle more with foreign invoice collections.
Slow paying customers are also resulting in long DSO (Days Sales Outstanding)
This is also likely to have a negative impact on cash flow. The average DSO of survey respondents, (58 days), is almost twice the average payment term of 31 days. Brazil has the highest average DSO (86 days) and the U.S. the lowest (41 days). (Canada 51 days, Mexico 55 days). Brazilian respondents however have a more relaxed disposition regarding their DSO. The percentage of Brazilian respondents who said that they only begin to be concerned about DSO when it exceeds the average payment term by more than 90 days is notably higher than the survey average.
Richard Ariens, Regional Director of Atradius Trade Credit Insurance NAFTA commented "An improved insolvency environment may not necessarily result in a lower risk of customer payment default. Whether through the use of credit insurance, collections agencies, more credit checks or simply the implementation of a structured dunning process, it is important that businesses strengthen their credit management. This can help protect cash flow and the financial stability of the business strengthening their ability to grow."
The Atradius Group provides trade credit insurance, surety and collections services worldwide. With a presence through 160 offices in 45 countries Atradius has access to credit information on 100 million companies worldwide. Its products help protect companies throughout the world from payment risks associated with selling products and services on credit.