GREAT REPORT, GREAT PRICE, GREAT SERVICE
When it comes to providing businesses with factual, accurate, fresh and relevant information, the NACM National Trade Credit Report (NTCR) is the right choice. NACM has more than a century of experience supporting trade credit, and we’ll be here tomorrow and beyond to support you.
PUBLIC RECORD DATA
You’ve told us that at the very core of every solid credit decision is a thorough review of fresh trade line/trade payment information and that complete, accurate public record data can sometimes help fill information gaps.
MAXIMIZE THE IMPACT OF REPORTING
You can create goodwill with your customers while setting the stage for improved payment performance. Consider sending this letter to all of your customers (or just your slower paying or delinquent ones) to advise them that your company reports payment histories to the National Association of Credit Management (NACM).
WHY I’M A FAN OF NACM’S NATIONAL TRADE CREDIT REPORT
There are many tools available in the credit detective’s tool box and prominent among them is NACM’s National Trade Credit Report (NTCR). The NTCR provides users with tradelines derived from hundreds of NACM members who contribute…
WHY SHOULD MY COMPANY REPORT ITS A/R INFORMATION?
Credit is a privilege granted by a creditor to a customer. The decision to extend trade credit is based in part on current, factual information, which includes payment habit history. A lack of information interferes with the free and complete ability of a business to make a sound, accurate and equitable credit decision and impedes the commerce of this country.
NOTHING TO FEAR
Generally speaking, the unknown makes people uncomfortable, if not afraid. Changing routines can intimidate some. This does not exclude the concept of sharing tradeline data with businesses or organizations that offer trade credit reports, like the National Association of Credit Management (NACM).
A GOOD PLACE TO START
Since its launch, the NACM National Trade Credit Report (NTCR) has quickly worked its way into many companies’ credit department, in a number of different ways. “We use the report for our credit approval process and our risk analysis of our customers as well as when we are updating a credit file…
A CREDIT COMMUNITY
All of the reasons that a company might have for not sharing its A/R data fall apart in the face of the overwhelming reality that trade data tells the truth.
A PICTURE IS WORTH A THOUSAND WORDS
NTCR’s Portfolio Risk Analysis Tool makes it easy to share data with management and is easy to use. The data is easy to understand and is presented in a graphical format.
NTCR ROLLS OUT BENCHMARKING AND REFERENCE OUTSOURCING ENHANCEMENTS
There are three new enhancements to the NTCR: portfolio risk analysis, non-member credit reference services and account monitoring. The changes represent the next step—and a big one at that …