What if you could get payment experience directly from other suppliers like you from all over the country? That sounds like a job for Equifax, Experian, and Dun & Bradstreet. But what if some of that data is never provided to the large commercial bureaus? As valuable as those bureaus can be (and CMA proudly offers the reports of all three bureaus to members), the fact is that many companies cannot or will not report payment experience except to NACM trade groups. Back in 2010, I had the privilege of working with the founding group of NACM Affiliate leaders who envisioned combining all trade line data from all NACM trade groups into one, easy-to-use credit reporting database. In 2011, the NACM National Trade Credit Report (NTCR) was born and has become one of the most valuable trade information resources for CMA and NACM members across the country.
Besides expanding the database that now includes tradelines from over 12,000 NACM members meeting in 40 different NACM locations throughout the nation, the NTCR hasn’t really changed that much…until now. CMA is excited to offer a much enhanced version of the NTCR on August 1. New features include:
- Enhanced search capabilities that return much better results than ever before.
- You’re now more likely to find information on the companies you’re looking for.
- You will also be able to find international trade data,
- Collection claims and other credit alerts,
- Financial institution and banking data where available,
- Bankruptcies and UCC filings, and
- Corporate information.
The NTCR report format has been redesigned for ease of use, and even though this wonderful complement to the commercial bureau reports is priced very competitively, members that contribute their full aging files will get 25 free NTCR reports each year and discounted report pricing if you need to order more.
The NACM National Trade Credit Report is the quintessential example of how the NACM family of Affiliates working together with leadership from NACM National can create unique value for all of its members. Please remember that this report is only available to members, and if you haven’t had success with this report in the past, I hope you will give it another look when the enhanced report becomes available on August 1 on anscers.com. Thanks to all of our members who have supported this effort with your trade data – it wouldn’t have been possible without you.