How Your A/R Data Completes the Picture, by Larry Convoy

Larry Convoy, lead group facilitator

I recently sent a letter out to CMA’s group leaders and volunteers for the upcoming year talking about the biggest challenges we’ll face over that time period.

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.

Sincerely,
Larry Convoy
Supervisor-Industry Credit Groups
818-972-5323
lconvoy@emailcma.org

CMA Member of the Month, March 2016: EMJ Metals

The March CMA Member of the Month is a company which benefits by simply utilizing the services that CMA offers.

EMJ Metals has been an active A/R information contributor, and its staff are genuinely great to work and speak with. EMJ also uses CMA’s reports and other CMA services.

EMJ Metals is one of CMA’s longest standing members, and we appreciate the relationship that CMA has with David Schulten and his team. On behalf of CMA, we thank EMJ for its participation, and we look forward to their continued support.

Companies like EMJ who submit their full aging get 25 free B2B NACM National Trade Credit Reports (and discounts on additional reports), the ability to support their good customers (and report their bad ones), time and money savings by not having to respond online to RFIs or Group worksheets – their trade data is automatically added by anscers, assistance in strengthening the CMA & NACM Databases, and more. The members who tell us that they get the most out of CMA are the ones who actively participate and contribute.

Members of the Month are nominated by CMA members, Group members, volunteers and CMA staff to highlight those members (or member companies) whose engagement with CMA has helped improve the overall credit profession for others.

For more information on how you can participate in any of the areas mentioned within this article, or to nominate any members for this honor, contact Diana Escobar at descobar@emailcma.org or 818-972-5300.