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PRACTICES
Since 1993 we have assisted businesses around the world with identifying and solving inefficiencies in credit departments. Our trade credit solutions are designed to quickly improve processes, mitigate risk, improve cash flow and reduce costs.
We address the issues most critical to your trade credit, including:
1993
Pamela Krank & Associates formed.
1994
1st Corporate Credit Training Customer.
1995
First Minneapolis office established.
Outsourced Credit and Collections solutions added.
Name changed to The Credit Department, Inc.
2000
Credit Analysis Division established.
Operations converted to paperless.
2003
Database servers added.
2005
Digital Workflow integrated for collections.
2010
Added solutions for companies in Canada, Mexico, Europe and China.
2012
Statement and invoice automation added.
100th industry served.
2017
Added Specialists with Payable Portal database expertise.
Added Specialization to Portal Payment Systems.
2020
RPA Bots developed and integrated with SMART.
2021
Integrated API connections with SMART.
2023
Now serving 150 industries worldwide.
We are on a mission to improve owner/shareholder positions by providing strategic processes, technologies and trained personnel in the form of outsourced, virtual credit departments.
By working with TCD, you will be working with a highly sophisticated and experienced team that has a track record of successfully managing trade portfolios. Our team consists of over a dozen experienced credit analysts that will pinpoint problems within your system, allowing you to quickly resolve those issues. We will also work with your team to manage all aspects of your trade receivables, including granting credit to new customers, collecting past dues from current customers, or resolving disputes and deductions.
TCD analysts will uncover critical information that you won’t find anywhere else, including:
Our integrated solutions are compatible with most financial platforms in the tech stack, allowing you to quickly solve issues and improve overall receivables performance, tracking, and reporting.