What is A/R Data Contribution?
A/R Data contribution is a credit reporting tool offered by NACM Great Lakes Region which allows your company to report on your customers' payment habits. It is the reporting of your company's full A/R information, which is then reflected on the business credit reports of your customers.
Data files include information about your customers' pay habits. This information is uploaded to the NACM National Trade Credit Report database, shared by 20 NACM affiliates. More importantly, the information is not shared outside of the NACM database, making this tool unique in that it is only for NACM members built by NACM members. The NACM National Trade Credit Reports are strictly only available to members of NACM.
Benefits of Data Contribution
Rewards Good Customers, Supports the Credit Community and U.S. Commerce
Rewards your good paying customers and gives an incentive to your slower paying customers to pay you more promptly.
Saves Your Staff Time and Your Company Money
Industry credit groups—After an initial time investment of approximately one hour, you will never have to manually submit data to NACM Great Lakes Region except for Request for Names and Alert Information.
Reduces Your Company's DSO
Creditors are more likely to pay promptly if they know their trade experiences are being reported.
Portfolio Scoring Free to Trade Data Contributors - Download a sample report.
The Portfolio Risk Analysis tool will segment and identify high risk accounts within your customer base for review. Also benchmarks your customers risk and exposure compared to your industry.
Earns You Discounts on Credit Reports
A/R data contributors receive a substantial discount on NACM Great Lakes Region credit reporting contracts.
Contributes to the Strength of Your Group and Industry
Data contributors have privileged access to use NACM Connect web-based Credit Reference, Portfolio Scoring and Account Monitor services.
Data contribution gives you .25 points per year, max of .75 if your company contributes their AR file to a participating NACM affiliate. You can also earn 1 point per year on the roadmap towards CCE or CBF.
Costs Your Company $0
Reporting data is easy, confidential, safe, secure and at no charge. A great way to support NACM Great Lakes Region.
Puts $50 in Your Pocket
Each new A/R data contributor who begins electronic submissions will receive a $50 American Express gift card.
The information needed to get started is included in the list below:
Our data contribution experts are available to work with your IT department to set up an automatic data transmission of this information directly to NACM Connect each month, so once you have set it up initially (which usually takes less than an hour) you are all done. We accept transmissions via FTP, or you can email us an excel or csv spreadsheets.
For more information on data contribution, please contact your Group Administrator at 800-935-NACM or email firstname.lastname@example.org.