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MajorsAug 23, 2019
JBT Releases Redesigned Credit Report
It’s slated to roll out to members over the next month.
New York—The Jewelers Board of Trade has introduced a redesigned credit report that allows it to deliver additional credit information in a user-friendly format.
Completely reorganized, the new credit report includes the following features:
--A new front-page overview section that puts the “most critical” business credit information up front in an easy-to-view format;
--A clear presentation of both current and historical credit rating as well as what the credit rating means.
--New payment pattern charts showing trends in trade payments based on agreed terms;
--New trade performance charts showing the degree to which payments are slow or prompt;
--Totally redesigned principals, operations, business relationships and legal sections designed to make it easy to find this information; and
--The linking of summary information like claims placed against a listing to its source on the report, making it easy to find supporting details.
The JBT also noted the new 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.”
This includes business history and principal/owner antecedent details like prior business histories, current affiliations and business failures tracked daily by analysts in its credit reporting department; operational details including type of business, square footage and number of employees; trade payment information provided by members; and claims information from JBT’s collection services.
The new credit report will roll out to JBT’s members over the next month. Those that want access ahead of that should contact their member representative or email jbtinfo@jewelersboard.com.
For more information on the new credit report or other services, visit JewelersBoard.com, email jbtinfo@jewelersboard.com or call 401-467-0055.
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