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The Credit Department, Inc is a nationally known, expert
receivables management firm, which has been providing credit management outsourcing solutions to commercial businesses since
1993. The mission of TCD is to help businesses increase cash flow and reduce costs by providing sophisticated processes,
technologies, and trained personnel in the form of outsourced, virtual credit departments.
TCD's
value to companies is by drastically reducing bad debt, and by reducing opportunity and interest costs. TCD qualifies client's
customers credit worthiness and manages the collection process. This value is delivered through the freeing of working capital
and is achieved through service excellence – a combination of TCD's world-class capabilities, proven methods, sophisticated
technology, and integrated systems all delivered by the nation's most talented credit management specialists. These specialists
have years of managing receivables in industries such as consumer products, industrial manufacturing, food manufacturing and
distribution. TCD's talented team utilizes a variety of effective strategies in managing receivables from negotiating
with cash-strapped distributors to reconciling large account balances with multi-national billion dollar manufacturers.
On average, our clients’ bad debt expense is reduced by more than 50 percent and their days sales outstanding
are decreased by greater than 25 percent through TCD's efforts. Our services help companies uncover hidden costs,
enhance customer and Sales relationships, and recover otherwise lost capital. The experience and results The Credit Department,
Inc. produces are positive, measurable and significant.
The Credit Department, Inc. has saved companies millions
of dollars each year in interest expense, bad-debt write-offs and time. TCD's services virtually pay for themselves in
the reduction of delinquency and bad debts (almost non-existent for some long-time TCD customers).
The Credit Department, Inc. has been featured in CFO Magazine, Credit & Collection Magazine, Credit Today Magazine, Business Credit Magazine, Upsize Magazine, The Minneapolis Star
Tribune, St. Paul Pioneer Press, Twin Cities Business Monthly, The Business Journal, Finance & Commerce, Minnesota Business
& Opportunities Magazine, and the WallStreetReporter.com.
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