With 10 companies now integrating the data contained in NACMâ€™s National Trade Credit Report into their receivables management platforms, itâ€™s easier than ever for small businesses to find the right partner that helps them make smarter credit decisions.
Columbia, MD: May 15, 2014â€”The National Association of Credit Management (NACM) announced today that its Preferred Partner Program has grown to include a total of 10 companies. Each of these providers of receivables management software has integrated NACM's National Trade Credit Report (NTCR) into their systems, making it easier than ever for companies, especially small businesses, to use and contribute data to the report.
NACM President Robin Schauseil, CAE noted that it was fitting for NACM and the Preferred Partner Program to have hit this milestone just ahead of National Small Business Week. "Small businesses continue to be stretched thin by the demands of today's economy, and there's no better way for these companies to reduce the time it takes them to make smart, profitable credit decisions than by enlisting the help of one of NACM's Preferred Partners," Schauseil said. "Not only do these providers offer world-class customer service, they also empower businesses by making it easier to contribute to and use the NTCR, a peerless risk analysis tool that combines trade payment data, days beyond terms and public record data into one convenient credit risk analysis tool."
"More partners mean more ways for companies to contribute their trade data, which ultimately means more value for NTCR. NACM is thrilled to have added 10 solution providers to its list of Preferred Partners already and looks forward to adding even more in the future," she added.
Most recently NACM added TermSync, Inc., Emagia Corporation and Dynavistics, Inc. to its growing list of accounts receivable management technology providers that have upgraded their platforms to easily allow users to report and access the critical industry trade credit data that goes into the NTCR. These three companies join the seven previous members of NACM's Preferred Partner Program, Cforia Software, Credit & Management Systems, Inc., CreditPoint Software, Forseva, LLC, HighRadius, Sungard and WorkflowAR, offering companies, particularly smaller firms, more choices than ever when it comes to selecting a product that streamlines the way they manage their accounts receivable while making it easier for them to contribute their own payment experiences to the NTCR and gain access to the wealth of information contained therein to help them make smarter credit decisions.
In addition to adding more Preferred Partners, NACM also continues to deepen the NTCRâ€™s integration with its existing partners. Most recently NACM and HighRadius announced the completion of an extensive integration project that offers users increased functionality including account monitoring, alerts, batch processing of credit scores, full reports and data reporting to the NTCR.â€ś
Smaller firms looking to build their companyâ€™s credit profile should encourage their suppliers to contribute their payment data to the NTCR through one of NACMâ€™s Preferred Partners, but they should also consider engaging one of these technology providers themselves if they want to reap the full benefits of the NACM knowledge base,â€ť said NACM National Chairman Chris Myers, president and CEO of Professional Alternatives, LLC. â€śWhat makes the NTCR such a unique and powerful risk analysis tool is that it leverages the depth and experience of NACMâ€™s membership. With more choices comes more flexibility, so thereâ€™s no better time for small businesses looking to grow their sales while mitigating risks to engage NACMâ€™s Preferred Partners and the NTCR to help make those goals a reality.â€ť
To learn more about NACMâ€™s Preferred Partner Program and the NTCR, visit the NTCR website at www.tradecreditreport.com.
ABOUT THE NATIONAL ASSOCIATION OF CREDIT MANAGEMENT
NACM, headquartered in Columbia, Maryland, supports more than 15,000 business credit and financial professionals worldwide with premier industry services, tools and information. NACM and its network of affiliated associations are the leading resource for credit and financial management information, education, products and services designed to improve the management of business credit and accounts receivable. NACMâ€™s collective voice has influenced federal legislative policy results concerning commercial business and trade credit to our nationâ€™s policy makers for more than 100 years, and continues to play an active part in legislative issues pertaining to business credit and corporate bankruptcy. NACMâ€™s annual 118th Credit Congress & Exposition is the largest gathering of credit professionals in the world. Media is welcome. Contact Dan LaRusso at 410-740-5560 or firstname.lastname@example.org for more information.
Launched in 2011, the National Trade Credit Report (NTCR) is comprised of NACM affiliatesâ€™ local and regional databases. NACMâ€™s Preferred Partner Program helps NACM members easily participate in the NTCR initiative through the software they use on a daily basis. Visit www.tradecreditreport.com/index.php/preferred-partners for more information.
Source: National Association of Credit Management