Bad Data Can Cost You Big Time
by Ira Kaplan
Bad data is pervasive; it infiltrates paperwork and databases. Seemingly innocuous, it derails multi-million dollar computer systems, leads to lost revenue, and erodes customer goodwill. This article examines organizational disasters with data as the leading culprit, defines data quality, illustrates the cost of bad data, and shows where improved data quality yields measurable benefits.
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The XBRL Revolution: Playing Tag with Powerful Information
By Ira Kaplan
XBRL, eXtensible Business Reporting Language, is an XML (eXtensible Markup Language) based digital document markup language that has the ability to greatly improve how we store, retrieve, share, and understand financial information. Markup languages such as XBRL use tags like <company_name>, <StartDate>, and <OtherAdministrativeExpenses>
to describe the contents of Web pages, documents, and databases.
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Failure to Object to Release Provision in a Chapter 11 Plan May Result in Losing Your Personal or Corporate Guarantee
by Scott Blakeley
A credit executive looking to reduce credit risk in today's uncertain economic environment may look to a credit enhancement to assist in making the sale on credit terms. A credit enhancement commonly considered by a vendor is a personal or corporate guarantee. Some of the reasons a vendor may prefer a guarantee to other enhancements (such as Article 9 security interests) include generally not needing the consent of the debtor's lender, and no notice requirements to other vendors that the debtor is buying from.
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10 Things You Need to Know About Managing Returns
By Kristen Metzger
Depending upon your industry, your returns can run as high as 8% of sales and significantly dilute profits. In some industries, it can even be 30% of revenues. As a result, you need to plan the returns process with the same forethought as your forward sales process.
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