WARWICK, R.I., Aug. 20, 2019 /PRNewswire/ -- In an effort to
deliver additional credit information in a user-friendly format to
its membership, The Jewelers Board of Trade (JBT) is announcing
today 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.
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 jbtinfo@jewelersboard.com.
For more information on JBT's new credit reports and other
services, visit www.jewelersboard.com, email
jbtinfo@jewelersboard.com or call 401-467-0055.
The Jewelers Board of Trade® (JBT) is a not-for-profit,
member-owned association with over 135 years experience delivering
accurate and timely commercial credit information on over 70,000
jewelry businesses. In addition, JBT members have access to
collection services, targeted marketing lists and unbiased data and
statistics on thousands of retail, wholesale and manufacturing
jewelers.
Contact:
Brenda Gamba
910-553-4450
220220@email4pr.com
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SOURCE Jewelers Board of Trade