At this writing, the availability of ARCS is being promoted to wholesalers in the following metropolitan areas: Dallas, Houston, Baltimore/Washington, D.C., Philadelphia and Albany, NY. Additional cities will be rolled out on the basis of demand.
How Does it Work?The ACRS is based on a very simple premise: We will compile information submitted by wholesalers about their delinquent accounts into one, comprehensive and confidential report to give participants a “snapshot” of that customer's paying practices among the other participating companies. The identity of the reporting wholesalers is not revealed, but the report speaks volumes about potential credit risks.
The annual fee provides the wholesale distributor the ability to submit information from as many locations (in that particular marketplace) as it wishes to include. Information can be submitted in a variety of ways, electronically via email (using ACRS software, Excel or comma-delimited file, etc.) or via fax or email of manually-created data. ACRS will compile the data and submit the aggregated reports to all participants within 10 days after receipt (before the 25th of each month).