I told them that this year holds many of the same challenges that commercial credit grantors faced previously with the added pressures to industries affected by the California fires and the so-called “retail apocalypse.”
Our belief at CMA is that the major component of a successful Industry Credit group is “member participation,” both online and by attending the meetings/conference calls.
For the 3rd consecutive year, we have been able to revitalize several Industry Groups by getting more members to contribute their A/R to the CMA data bank. This industry-specific data has increased the information on the anscers report which resulted in providing a more complete picture of the vertical markets that they participated in.
Did you know that companies that contribute their A/R:
- NEVER have to respond to RFI’s, as the system will automatically look for your trade information
- NEVER have to fill out their Past Due Report or Meeting Review Report, as CMA will automatically extract your information
- Receive an additional 5 FREE CMA credit reports, bringing your total to 10/year
- Create an industry-specific data bank that can be accessed 24/7
We encourage all group members to contribute. It will save them time and can result in a reduction in any third-party credit reporting contract they have.
An increased data bank, timely alerts, comprehensive RFI’s, packed meetings, engaged members and interesting best practices discussions make for successful groups. A successful group will have the most complete information and will save everyone $$$$.
Feel free to call upon me throughout the year to assist in any way I can. I want the groups to be as successful, and as complete, as possible.
Supervisor-Industry Credit Groups