WARWICK – The Jewelers Board of Trade, a nonprofit association that delivers credit information on jewelry businesses, has announced its newly redesigned credit report.
“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 president.
According to the JBT, it has about 2,000 members in jewelry wholesaling, manufacturing, retail and services. The industry-specific credit reports can help members access information on a new or existing credit account, assess risk, help in decisions on extending payment terms, or monitor changes in an account. The organization also offers statistics on the industry and marketing and collection services.
The organization said its credit-report redesign features a front-page overview section that puts the most important information up front; clear presentation on past and present credit ratings and what they mean; new payment-pattern charts; and live links to summary information sources.
Though revamped, the level of detail in the reports remain the same, JBT said in the announcement, including member-provided trade payment information, claims information from JBT collections services and details on a business that is nonfinancial but can come in handy when considering credit issues, such as square footage and number of employees.
The report will be made available to JBT’s membership over the next month.
Susan Shalhoub is a PBN contributing writer.
