THE NATIONAL FOOD SERVICE MANUFACTURERS 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 five (5) accounts for clearance. A consolidated pack of trade clearance reports will be prepared and sent to members by email. These reports are very valuable since many of the accounts are privately held with very little if any public information available.
- 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 concentration of claims against debtors in seious 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 REPORT - 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. Many of these meetings are with privately held companies and the non-public information can be very valuable.
- CLAIMS COMMITTEE - coordinates information on bankruptcies, insolvencies and out of court settlements. The committee serves as a proactive advocate of creditor’s rights.
- ADDITIONAL DAILY CREDIT INFORMATION REPORT SERVICE - in the event interim credit reports are required in addition to the regulard monthly pack of reports, they can be purchased online 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 Service 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 techniques of deeply skilled administration of credit management and collection responsibilities.
From time to time the group will have a customer of wide common interest as a speaker. 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.
- MEMBERSHIP IN THE NATIONAL FOOD SERVICE MANUFACTURERS CREDIT GROUP automatically qualifies you for membership in the following long established credit group exclusively sponsored for members of this group at an additional nominal membership fee arrangement:
William H. Koopman Credit Group
division of
National Group Management Corp.
Westmont, NJ
The group meets (9 Meetings), monthly in Chicago, IL when there is not a general membership meeting. This specialized group provides an exchange of information in the areas of Special Accounts, General Accounts, Method Discussion, Policies and Procedures, enabling more enlightened granting from a better-informed group.
To request more information about this group, please click here.
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