Each industry credit exchange group is powered by relevant member data, antitrust guidelines, best practices, and networking. This data exchange provides the platform to make important credit decisions.
What is the ICE Service Center?Pratik Vaja2021-08-03T13:55:11+00:00
The information is industry-specific, so the data is pertinent and useful. Members upload their information monthly, bi-monthly, weekly, or daily, so you are able to see the freshest data available from your group.
I am a facilitator of an existing credit group outside of ICE. How do I get started?Pratik Vaja2021-08-03T13:56:27+00:00
ICE would be happy to work with you on creating a customized licensing agreement to serve your needs. We have successfully worked with a number of outside groups, bringing them onboard in less than 30 days. To get started contact ICE Support at 800-527-1404 or email us at ICESupport@icecreditexchange.com
ICE uses the same security systems and encryption methods (PGP File Security and SSL 256 bit encryption) that the world’s largest financial institutions use to ensure air-tight security. We understand that part of your due diligence is to ensure your data remains safe.
Who owns the data found in ICE?Pratik Vaja2021-08-03T13:57:19+00:00
ICE is only available to authorized credit professionals. When your company signs the ICE contract, you are agreeing that ICE will only be used by the credit department for appropriate credit decision-making. Anyone found in violation of these policies will be immediately removed from the credit group, as well as the ICE system.
How much does ICE cost?Pratik Vaja2021-08-03T13:58:31+00:00
The data found in ICE is from the individual credit exchange group members. Each credit group establishes the rules of how often the data is updated and shared. Most are required to transfer at least twice a month, but there are a good number of members who upload either weekly or daily.
What type of data is contributed to ICE?Pratik Vaja2021-08-03T13:59:30+00:00
There is no set pricing scheme for the service center. ICE service center is flexible and can be customized to meet your needs. Please contact ICE Support for more information at 800-527-1404 or email us at ICESupport@icecreditexchange.com.
How does the Service Center work?Pratik Vaja2021-08-03T14:00:36+00:00
The ICE Service Center uses the data files you load into the system. From here, ICE uses the parameters you’ve set to monitor your accounts and creates a list of those that fit the criteria. You have the option to monitor these accounts or set ICE to automatically take action for you.
What information is available on the ICE Credit Report?Pratik Vaja2021-08-03T14:00:59+00:00
It’s easy to customize an ICE report to generate the specific data windows you want to see — account information, A/R snapshot, historical A/R, risk alerts, and recent inquiries. Portfolio members will see additional information such as a credit score and five-year trend graph.
How is the A/R Snapshot different from the Historical A/R?Pratik Vaja2021-08-03T14:01:24+00:00
Historical A/R is a powerful tool that helps you dissect data for an accurate picture of payment trends and credit history up to three years. The A/R snapshot provides you details of where the account stands today.
How can ICE benefit my credit exchange group?Pratik Vaja2021-08-03T14:01:45+00:00
ICE was designed by credit professionals to take advantage of the internet to streamline and improve the way industry groups exchange data. You will find ICE gives you fresher, faster credit data at a reduced cost compared to other solutions.
As an existing credit group, we need a new data solution, but we like our facilitator. Can we still subscribe to ICE?Pratik Vaja2021-08-03T14:02:30+00:00