Client Business: Manufacturer and Distributor in the Promotional Products Industry CORE Services: CORE Report Client:Premium Connections Results:
Approved credit of more than ($3,500,000.) dollars in orders in the past year
Had NO bad debt and all accounts paid within terms
Kept client from exposure to high risk dollars that totaled more than $250,000.
Directed client on how to sell to those high risk accounts resulting in NO lost sales
Helped client develop new approach to credit resulting in decreased delay in approval time giving client edge over competition.
Increased their sales and order turn-a-round.
“We are so pleased with CORE Strategies services. We have found their counseling to be very trustworthy, helpful and reliable. Their prompt reply with credit advice to our telephone, fax or e-mail inquiries makes it easy for us to make faster and more accurate credit decisions on accounts / orders that are pending credit approval. We would definitely recommend their service to anyone who is looking for direction in credit decisions and very reliable advice.”Mary Medina – Credit Manager- Premium Connections- Las Vegas
Client Case Report
Client Business: Manufacturer of Specialty Paints and Coatings CORE Service: My Credit Manager™ Client:Specialty Coatings, Inc. Results:
Decreased Days Sales Outstanding (DSO) from 73 days to 46 days
Reduced Bad Debt Write-offs from Over $10,000.per month, to less than $400. per month on sales in excess of 2 million
Restructured credit approval and collection processes eliminating roadblocks to credit approval thereby speeding up the order fulfillment
Negotiated A/P past due debt from $276,000.down to $175,000.and had credit limits increased from their vendors
“My Credit Manager™ has saved us more cash and cash flow in the past six months than we will spend with CORE in the next six years.” Alan Ross- President/CEO- Insignia ReNew ReFinishing – Atlanta, GA
Client Case Report
Client Business: Manufacturer (Dist Wholesale, International, Promotional Products, Theme Parks & Party Supplies) CORE Service: My Credit Manager™ Client:Continental American Corporation. Results:
Designed credit/sales program, which increased sales by 40%
Implemented credit guidelines to reduce bad debt to 0.0003% (under $40,000) ofsales that were in excess of 70 Million dollars
Brought DSO down from 65 days to 29 days, this also included International Sales. This freed up $6,904,000 in cash flow annually for the company.
Designed and implemented a program to secure high risk accounts that the client wanted tosell to, thereby reducing and in some cases eliminating the bad debt exposure
Developed programs that brought credit and sales together creating a win-win atmosphere and appreciation for one another’s responsibilities. The winners? The customers and the company!
“Through our partnership with Mark Borofsky and the rest of the team at CORE Strategies, CAC has been empowered in areas such as expert fiduciary guidelines and automation procedures. The retention of CORE Strategies was not evidence of any weaknesses, but instead it allowed me to absorb knowledge and transform my capabilities, which makes me a more valuable asset to the company. The proactive programs and procedures that CORE put in place continue to reap returns on CAC's investment to this day. If you’re interested in attaining specialized training, while reinforcing value by improved credit proficiencies and cash flow management, then I recommend any company to capitalize on this unique opportunity today.” Chris B – Credit Strategies Manager - CAC