NATIONAL FOOD & HBC MANUFACTURES CREDIT GROUP

Included in Basic Services:

• Electronic Submission - Members are able to submit their accounts receivable information electronically.  Our automated system accepts a fairly standard format.
  
  
• Set of Monthly Credit Information Reports - every month a member can submit up to four (4) accounts for clearance.  A consolidated pack of trade clearance reports will be prepared and sent to members by email.
  
  
• Additional Reports - members receive an additional 100 free inquiries for trade clearance reports each year with their membership.
  
  
• Daily Credit Information Flash Reports - a very valuable feature of the regular services provided to members is the consolidated daily flash report on the NGMC website of important current credit and financial information submitted by members.  Each morning the member receives a report of those "flashed" items that were received from members during the previous 24 hour period.
  
  
• Emergency Email Communications System - a service whereby members are sent an email message as soon as responsible Group committee members receive word on the impending filing of a petition or some other drastic action by a debtor.  Group Claims Committee Action Service - membership provides a vehicle for the advantages of the concentraton of claims against debtors in serious financial difficulty where the legal circumstances warrant or where the debtor requests group action.
  
  
• Networking - with credit managers of similar interest and responsibilities - so important in establishing cooperation and confidence for mutual benefit.
  
  
• Trade Relations Committee Reports - this committee meets with major high profile customers and proactively represents the group in a forum to have informational meetings and develop a report for the membership that recaps the essence of the meeting.
  
  
• Claims Committee - coordinates information on bankruptcies, insolvencies and out of court settlements.  The committee serves as a proactive advocate of creditor’s rights.  This committee over the years has been instrumental through its membership in obtaining some landmark court decisions on major cases as well as helping to develop the concept of Trade Liens as we now know them.
  
  
• Additional Daily Credit Information Report Service - in the event interim credit reports are required in addition to the regular monthly pack of reports, they can be purchased on-line through NGMC’s database.  There is an additional charge for each report and members can purchase a contract with no expiration at a discounted rate.
  
  
• Membership Meetings - three (3) regular scheduled National Food & HBC Manufacturers Credit Group meetings are held at national locations suitable to the membership, wherein the opportunity is presented for a discussion of mutual accounts and credit management problems of general interest.  Members are encouraged to meet, engage in a confidential and highly professional exchange of historical payment experience of their mutual customers with techiques of deeply skilled administration of credit management and collection responsibilities.
  
  
  In addition, frequently the group will have a customer presentation that in the past has included SuperValu, C & S Wholesale, Winn Dixie, Rite Aid to name a few.  The group also has speakers that carry a wide range of expertise from legal/bankruptcy updates, industry financial analysts, training, and member prepared presentations on their organization and success stories.
  
  
• Group Interim Monthly Meetings - in addition to the three (3) regular scheduled meetings at the national locations, all members are invited and encouraged to participate in the Group’s Interim meetings held at the Newark, NJ airport hotel.  These meetings are held 9 times annually.  These meetings provide an excellent forum for account discussions and updates in between the three general membership meetings.  Members attending may submit names for discussion and only pay a nominal registration fee if they attend.
  
  
• Benchmarking - the group conducts a Quarterly Benchmarking Survey that measures the averages days delinquent, collection effectiveness, % current and % 31+ days past due.
  
  
• Koopman Credit Group - membership qualifies you to join the William H. Koopman Credit Group which also meets in between the general membership meetings
  
  
• Manual of Procedures - including By-Laws and Membership Directory identifying Group members by number on reports to aid in report study, customer history and trends.

 To request more information about this group, please click here.

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