GAIN Gift Industry Credit Group and ABC-Amega Partner with GHTA
January 17, 2012
FOR IMMEDIATE RELEASEFor additional information, contact
Catherine Nowocien, 716-549-0694
wordsthatwork@verizon.net The partnership will expand membership, enhancing the value of the GAIN credit interchange. Buffalo, NY -- ABC-Amega announces the partnership of Gift Associates Interchange Network, Inc. (GAIN), a credit group managed by ABC-Amega since 1992, with The Gift and Home Trade Association (GHTA), a professional organization for manufacturers, importers and distributors in the gift, garden, and home industries. Through GHTA's efforts, the partnership will increase membership in GAIN, the premier industry credit group for credit professionals in the giftware and related industries. As a result, members will have access to more extensive and comprehensive payment information on retailers in the industry. ABC-Amega will continue to provide 24/7 online access to retailer payment experience, flash notices, predictive payment scoring and educational resources to GAIN, and the new GHTA-GAIN members. "GAIN and ABC-Amega are excited to partner with GHTA to provide outstanding credit information and education to industry vendors," said David Herer, CEO of ABC-Amega and President of GAIN. "We share a common vision about how the credit management function can be strengthened through technology, collaboration and training, and look forward to pursuing this vision immediately and in the years to come." "Through this interchange, GHTA is hoping to reduce the subjectivity currently involved in making credit decisions," said John Toler, COO of Evergreen and the GHTA member responsible for pursuing this partnership. "GHTA chose GAIN because of its reputation, its professionalism, and its extensive database within the gift and home industries. Our vendors -- and ultimately all industry stakeholders -- will benefit immensely from this partnership. Vendors receive improved information to make more informative decisions; retailers with good credit history receive larger lines of credit and faster credit decisions." More than 150 leading companies within the gift and home industry, including Ganz, Demdaco, and Midwest-CBK, are currently using GAIN. As members, these organizations have access to a database that includes all of the main gift purchasers within the industry. Terry Stewart, executive vice president of sales at Midwest-CBK, a10-year GAIN member said, "We have found GAIN to be a great business tool that has diversity of membership and provides immediate, accurate and reliable customer information from a broad database. In addition to their extensive database of information we find that GAIN is committed to the continued development and education of its members." "Our company has been using GAIN for 11 years," explained Lance Hart, president of Demdaco. "Involvement with GAIN has helped streamline our credit process, allowing us to make better, informed decisions." About GAIN/ABC-Amega
The Gift Associates Interchange Network, Inc. ("GAIN") is a member-driven network of credit professionals dedicated to providing in-depth accounts receivable information on member customers. Established by credit managers and operating since 1992, GAIN has flourished to become an essential trade association for the gift, home, garden, tabletop, card and other related industries. GAIN takes great pride in its diversity of membership, which benefits a multitude of industries. For further information: agcisupport@abc-amega.com. ABC-Amega Inc. is a global commercial receivable management firm headquartered in Buffalo, NY. ABC-Amega's Credit Information Division has been managing industry credit groups since 1965. Its goal is to help credit managers save time and money by providing access to accurate, relevant credit information any time, enabling them to make informed decisions quickly and easily. For additional information: info@abc-amega.com or www.abc-amega.com. About the Gift and Home Trade Association
GHTA is the gift and home industry's non-profit professional trade association formed to help vendors, sales agencies, retailers and industry affiliates who are involved in an industry that is fast changing, with the expectation of making it better together. GHTA's mission is to support, lead, and unify the gift and home industry, focusing on its long term success. GHTA can be reached by email at info@giftandhome.org. For more information on the Gift and Home Trade Association visit www.giftandhome.org. ****
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