industry trade

INDUSTRY TRADE CREDIT GROUPS


 

THE VALUE

Industry Trade Credit Groups consist of credit managers and professionals from the same industry that periodically meet to discuss credit information, customer payment history, industry trends and industry-specific events and best practices. Credit executives receive invaluable factual information upon which to base independent decisions with respect to the extension of credit, resulting in the reduction of outstanding delinquent receivables and write-offs.

BENEFITS OF GROUP MEMBERSHIP

  • Access to Credit Reports
    Belonging to a credit industry group gives members access to NACM’s National Trade Credit Report, specifically for the customers submitted to the group for discussion. NACM’s NTCR provides invaluable real-time credit information.
  • Networking
    Industry groups provide an immeasurable opportunity to meet, discuss and share account knowledge and information about customers with other professionals and credit managers within your industry.
  • Industry Credit Group Meetings
    Meetings offer members an opportunity to interact with other credit professionals, discuss industry-related issues, review account materials and more. Speakers and education materials may also be included and meetings are conducted in compliance with Anti-Trust Guidelines. Our Group Service Coordinators hold their Certified Credit Administrator (CGA) certificates.
  • Credit Report Books
    Members have the option to request accounts for their Industry Credit Group. The accounts are compiled, and a Credit Report Book is generated for the group. The book can be downloaded directly from the Internet.
    *May not be available for all industry credit groups
  • Slow Pay Tracking
    Members submit monthly account receivables to NACM Tampa and receive a Discussion List of accounts that meet specific criteria. The report can be downloaded directly from the Internet.
    *May not be available for all industry credit groups
  • Alerts – Express Group Notification
    Members submit pertinent information on accounts or significant changes to account activity (i.e. collection, final demands, NSF’s, change of ownership, fraud, etc.) Express notification is returned to the members immediately via email. The data is also merged to the customer’s credit report for historical purposes.
  • Benchmarking & DSO Surveys
    Some Industry Credit Groups include benchmarking and monthly or quarterly DSO Survey’s. Unless otherwise noted, surveys are reported anonymously.
    *May not be available for all industry credit groups
  • Forum for Credit Questions
    Some Industry Credit Groups activate this feature to allow members to ask general credit-related questions. All members of the group receive the questions and have the option to reply.
  • Suspicious Activity
    Some Industry Credit Groups activate this feature to allow members to report on suspicious activity or fraud from current or potential accounts. All members of the group receive the email notification.

Gain access to fundamental credit information used to evaluate
credit risk decisions for your business success

FIND YOUR GROUP