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NACM--a closer-to-home alternative for collections.(Headline: NACM)(National Association of Credit Management)

Business Credit

| January 01, 2007 | COPYRIGHT 2007 National Association of Credit Management. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Collecting on overdue customer accounts is a function many businesses find to be more cost-effective if outsourced to a third party. However, instead of looking to foreign lands, U.S.-based businesses have an outsourcing alternative right in their own backyard--collections managed by NACM Affiliates throughout the country. NACM Affiliates have years of experience in collections and their fees for members help to make it a viable and financially attractive alternative to either in-house or other third party collections efforts. Turning over business accounts for collection to NACM Affiliates avoids some of the problems often encountered with overseas third party collectors, such as language and geographical distance issues. Furthermore, a good number of NACM Affiliates have been involved in collections for many years and employ time-tested techniques that yield outstanding collections rates from late-paying customers.

For example, in the Western Pennsylvania area, two NACM members have had very good long-term collections success from their NACM Affiliate. Jim Orr, Credit Manager for Oerlikon Leybold Vacuum USA, Inc., said, "I've been ...

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