Previous News:
October 2021
September 2021
August 2021
July 2021
June 2021
May 2021
April 2021
March 2021
February 2021
January 2021
December 2020
November 2020
October 2020
September 2020
August 2020
July 2020
June 2020
May 2020
April 2020
March 2020
February 2020
January 2020
December 2019
November 2019
October 2019
September 2019
August 2019
July 2019
June 2019
May 2019
April 2019
March 2019
February 2019
January 2019
December 2018
November 2018
October 2018
September 2018
August 2018
July 2018
June 2018
May 2018
April 2018
March 2018
February 2018
January 2018
December 2017
November 2017
October 2017
September 2017
August 2017
July 2017
June 2017
May 2017
April 2017
March 2017
February 2017
January 2017
December 2016
November 2016
October 2016
May 2016
April 2016
December 2015
March 2015
January 2015
September 2014
August 2014
July 2014
May 2014
April 2014
March 2014
February 2014
January 2014
December 2013
November 2013
October 2013
September 2013
August 2013
July 2013
June 2013
May 2013
January 2013
June 2012
May 2012
April 2012
March 2012
February 2012
January 2012
December 2011
November 2011
October 2011
September 2011

JBT Releases Redesigned Credit Report Making Financing Decisions Easier

In an effort to deliver additional credit information in a user-friendly format to its membership, JBT announced the availability of its newly redesigned Credit Report.

Redesigned from scratch, and completely reorganized, the new credit report includes:
· A new front-page overview section, placing the most critical business credit information up front in an organized and easy-to-review format.
· Clear presentation of both current and historical credit rating, and what the credit rating means.
· New Payment Pattern charts clearly showing trends in trade payments based on agreed terms.
· New Trade Performance charts showing the degree to which payments are slow or prompt.
· Completely redesigned Principals, Operations, Business Relationships, and Legal sections making it easy to find this critical information.
· Live linking of summary information to its source, making it easy to find supporting details. Number of claims placed against listing, number of trades and amounts and branch locations.

JBT Releases Redesigned Credit Report Making Financing Decisions Easier JBT Releases Redesigned Credit Report-65[Pictured: Example report]

Although completely redesigned, the new Credit Report retains the level of detail and analysis which has made JBT the benchmark for credit information in the jewelry industry for over 135 years, including:
· Business History and Principal/Owner antecedent details including prior business histories of the owners as well as current affiliations and business failures that are tracked on a daily basis by a dedicated group of analysts in our Credit Reporting department.
· Operational details including type of business, square footage and number of employees. Nonfinancial information which is helpful in arriving at credit decisions.
· Trade payment information provided directly by our members.
· Claims information from JBT’s collection services.

“We spent many months working closely with our members developing a report that better serves their needs to make real time credit decisions in today’s rapidly changing jewelry industry. Our objective was to provide additional information in a format that’s now easier to read and understand.” said Rich Weisenfeld, JBT’s President. “We couldn’t be happier with the results.”

Mike Kaplan, President, Rocket Jewelry Box and JBT Chairman, stated, “JBT is the only association providing credit, collection and marketing services intended solely for the jewelry industry. It is JBT’s job to provide our members with insightful and accurate credit information – that is why we’ve invested in new technology and a redesigned credit report.

The report will be rolled out to JBT’s current membership over the next month. Members wishing to gain access to the new report ahead of the rollout should contact their member representative, or email [email protected].

For more information on JBT’s new credit reports and other services, email [email protected] or call 401-467-0055.

About JBT
The Jewelers Board of Trade® (JBT) is a not-for-profit, member-owned association with over 130 years experience delivering commercial credit information, collections, marketing services, and unbiased data and statistics on thousands of retail, wholesale and manufacturing jewelers. The U.S. jewelry market presents both opportunity and credit risk for suppliers. Whether you are a domestic or international company currently doing business (or planning to do business) in the U.S., it is essential that you have information to assess credit risks before you ship. Membership in JBT provides that information. For more information, please visit www.jewelersboard.com.


AT: 08/21/2019 11:28:30 AM   LINK TO THIS NEWSLETTER
0 Comments:

Post a Comment
 
Comments are closed.
Copyright © 2024

Sitemap | Privacy Policy