Overview
NACM-New England
sponsors a diverse range of industry trade groups governed by individual
group by-laws.
The group services provided are customized to
best meet the specific needs of each industry.
Industry group meetings provide a forum for suppliers to exchange payment
information on common accounts essential to making sound credit
decisions within the guidelines of the Federal Anti-trust laws.
NACM has prepared a pamphlet,
Anti-Trust Guidelines
for Groups that outlines at a high level what is and what is not
permissible per the Federal Law. Group members meet on a
regular basis, exchange tradeline information via Credit Intelligence
Reports and participate in round-table
discussions about credit issues.
Each participating company within an Industry Credit Group submits a
specified number of customer
accounts or "customer inquires" for evaluation each reporting cycle. These accounts are complied
into a "consolidated list" which is distributed to each group member
who provides their current trade information for each customer with
which they do business. A credit report is produced for every
customer that is listed on the "consolidated list" and the resulting
package of reports is called the "Book of Reports". Depending on
the size of the group, the Book of Reports can contain hundreds of
credit reports on common customers. This in not only an incredible value
for companies, but it is current, accurate and timely information that
cannot be obtained from other credit reporting services.
Current NACMNE Industry Groups:
-
Architectural Woodworking and Cabinet Suppliers
-
New England Broadcast/Media Communications
-
Greater Boston Electric Suppliers
-
Glass, Aluminum, and Glazing Products Group
-
New England Footwear
-
New England Floor Covering
-
Fine Paper Merchants
-
Heating & Air Conditioning Suppliers
-
International Trade Special Interest Group
-
Massachusetts Construction
Materials Suppliers
-
Northeast Retailers Credit Group
-
Metal & Welding
Suppliers
-
Nursery & Related Trades
-
Northeast Petroleum Dealers
-
Wholesale Plywood & Lumber
Dealers
-
Restaurant & Institutional Suppliers
-
National Wholesale Seafood Dealers
-
Wholesale Provisions
-
Medical Devices
-
Plumbing & HVAC
-
New Hampshire Special Interest Group
-
Maine Special Interest Group
Network with my competitors? Why
would I want to do that?
Credit professionals within particular
industries share mutual goals and problems. By meeting with your
peers in an Industry Credit Group, you eliminate the background notes
of unnecessary credit information. You cut to the chase and get
timely answers and solutions. You receive advance notice of
accounts and follow the payment patterns of common customers.
You have peace-of-mind that you are making wise and informed credit
decisions that will save your company time and money.
Your Industry Credit Group is the
perfect source of specific information about effective credit
department procedures and relevant credit management resources &
tools.
What happens next?
Your Industry Credit Group meets
face-to-face and peer-to-peer to discuss the accounts. Within a
network of trusted professional contracts, you assess current
industry-specific trade line data. You have detailed pubic
record information at your fingertips, such as judgments, liens,
bankruptcies, collections and returned checks. You also learn
about industry news such as legal rulings, technological developments,
job openings and educational opportunities.
