CREDIT GROUP
The National Store Door Delivery Manufacturers
Members in this group share information not only on the payment practices of their common customers but benchmark of key performance measures, best practices for invoicing & collection, organizational structure, dealing with outsourcing, scan based trading, hiring & training practices as well as many other operational issues key to the DSD business. Contact us to request additional information regarding this group.
Group Features
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 10 accounts for clearance. A consolidated pack of trade clearance reports will be prepared and sent to members by email.
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 E-mail Communications System
A service whereby members are emailed 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 serious financial difficulty where the legal circumstances warrant or where the debtor requests group action.
Networking
Network with credit managers of similar interest and responsibilities so important in establishing cooperation and confidence for mutual benefit.
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 regular 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 Store Door Delivery 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.
In addition, the members of this group provide an excellent forum to discuss different issues related to the direct store delivery business. Some of the recent topics have been scan based trading, collection effectiveness, organization, credit card acceptance for payment, benchmarking and key performance measurement.
On occasion the group has speakers that carry a wide range of expertise from legal/bankruptcy updates, industry financial analysts, training, and member prepared presentations on success stories just to name a few.
Manual Of Procedures
Including By-Laws and Membership Directory identifying Group members by number on reports to aid in report study, customer history and trends.
Membership In:
The National Store Door Delivery 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.
This group meets virtually 9 times annually during the months of January March, April, May, July, August, September, November and December. This specialized group provides an exchange of information in the areas of Special Accounts, General Accounts, Method Discussion, Policies and Procedures, enabling more enlightened credit granting from a better-informed group.
This group operates within its own set of By-Laws and group authorized Advisory Officers.
They are obligated to conform to the Industry Credit Group Understanding utilized by any credit group functioning as a division of Nat’l Group Management Corp. (NGMC).
Group Requirements
All of our groups are unique in operation and focus. Please fill out the form below for specific requirements.
NGMC has been very successful in starting new groups over the years
If you are looking to start a new group please call (856) 559.0760.
Learn More
If you are interested in joining a group and would like further information please fill out the form.