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- PIMCO’s Bill Gross: On the "Course" to a New Normal, September 2009 Investment Outlook
- Session: Automating Payables to Optimize Working Capital
- Session: Re-inventing your AP process.
- Session: Kyriba demonstrates their ASP-based cash management operation.
- Session: Cash Flow Forecasting: Overcoming Challenges
U.S. Treasury, IMF and European financial officials now admit that if they had acted at the first signs of trouble, the cost of fixing the problem would have been $30 - $35 billion instead of $140 billion. Practical Turnaround Thinkers -- 21st century management teams who use the tools of turnaround management every day -- could have predicted that. What do we know that the world's finance ministers don't?
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The 2005 Bankruptcy Act was written to rein in overspending consumers, but the most current data (12/31/07) show that, rather than buying luxuries, 14% of Chapter 13 filers drained their resources trying to finance their businesses. Professor Robert Lawless of Univ. of Illinois School of Law spoke to the American Bankruptcy Institute about his latest research. We recommend that, rather than pushing lenders to weaken credit standards, business owners need to learn how to put the tools of turnaround management to work every day.
