Industry Credit Groups have been around for more than 100 years. How they function may have changed, but their value to credit managers has not.
The Bessenbacher Co. recognizes the importance of credit personnel of companies within the same industry (yes, competitors) exchanging factual information about the accounts of their clients. Specifically, we have encouraged the transformation of Industry Credit Groups from just local meetings of like companies where the information from each participant was handwritten on a ledger sheet to an online resource for pulling credit reports.
ICE (Inet Credit Exchange) is a secure solution that makes the Industry Credit Groups more efficient and more effective. Most notably it takes away the geographic borders that have limited groups in the past. Technology has made business less and less restricted geographically, so your customers may be doing business with similar companies across the nation. ICE empowers you and the other members of your group by providing a national database as well as reducing the need to meet often and simplifying the data transfer process.
Specifically, ICE delivers faster, fresher data that costs less and gives you improved insight to make better business decisions. The data comes directly to you securely through the Internet. Industry Credit Groups using ICE have more industry-specific and creditor-specific data. ICE enables you to drill deeper and look at cash management issues that are more pertinent and useful with regard to your specific business. Most importantly, data is updated daily, as opposed to weekly or monthly.
The Bessenbacher Co. has extensive experience facilitating Industry Credit Groups in a wide variety of fields, including animal health, agriculture, construction and many more. If you work within an industry looking for someone to organize a group, or you are an established Industry Credit Group looking for someone to improve your group's experience, The Bessenbacher Co. and ICE is your solution.
