an effort to help its members more effectively manage
credit risk, M.C.C. has partnered with the leader
in wholesaler accounting software, Industrious Software
Solutions (I.S.S.), to bring an automated solution
to credit management.
M.C.C. will now give its member the option of receiving
their credit information in an electronic format that
seamlessly integrates with our powerful wholesale
accounting program, "Oak Street®".
With Oak Street®, your staff will automatically
be alerted to any accounts that are on the M.C.C.
list during Order Entry - before the order is taken.
Think about how much time and money you would save
by not having to look through the M.C.C. book, or
mistakenly sending out shipments to credit risk accounts.
ACCESS THE MANUFACTURERS CREDIT
COOPERATIVE DATABASE OF POOR CREDIT
RISK CUSTOMERS RIGHT WITHIN OAK STREET
The database of names is supplied monthly by the Manufacturers
Credit Cooperative (M.C.C.). Each month the
M.C.C. requires that its 700 members supply the names
of any accounts which have fallen into one, or more,
of the following "poor risk" categories:
having delinquent payments greater than 90 days; requiring
collection of funds by an agency; having N.S.F. checks;
refusing C.O.D.s; being bankrupt/closed. As
you can see on the screen below, the database will
show you, by category, the number of wholesalers who
have reported a problem with the poor risk retailer.
& Bradstreet and TRW typically only obtain information
about credit risks from the larger companies.
Being aware of this weakness, many "shaky"
or unscrupulous retailers will only pay the bills
of the larger companies...thus avoiding credit reporting
problems. But with M.C.C., even the smallest gift
and craft wholesaler reports problems...so, no retailer
escapes scrutiny. In fact, to remain a member of the
cooperative, M.C.C. members MUST report retailers
who are poor credit risks.
In addition, the M.C.C. is specific to your industry,
so coverage of craft and gift retailers is more thorough.
And the cost is one-tenth the price of D&B or
For more information about M.C.C. please visit their
website at WWW.MCCCREDIT.COM
Phone: (800) 351-4225 or (310) 672-8700
Fax: (310) 419-6000