Columbia, MD: March 6, 2014—The National Association for Credit Management (NACM) and Cforia Software have teamed up to develop a simple, yet unique way for Cforia customers to share commercial credit data. While reporting business credit information is an essential component of building and using a quality credit source, the process is often a challenge for the credit manager and more often a low priority for their tech team. NACM is hoping to change that dynamic through its Preferred Partner Program, of which Cforia is a founding member.
NACM realized that leaders in the industry, such as Cforia, which focuses on automating A/R workflows through improving efficiencies and supporting better credit decisions, want to help their customers more easily participate in what is often the most critical tool in the creditor’s arsenal: the industry trade group. Also referred to as industry credit groups, these groups, and the data-sharing concept as a whole, are loaded with benefits for the creditor, but often forgotten is the positive impact to their customers and the economy as a whole. A solid commercial credit report is critical to fast, accurate and efficient credit granting, of which our economy would come to a standstill without. Segregating consumer credit from commercial credit helps the business owner on a variety of levels.