MFSG coordinates the activities of six industry segmented discussion groups where credit and/or financial executives meet in open forums to gather and exchange historical trade payment data on mutual customers. This exchange provides the credit executives with information which will enable them to reduce past due amounts, reduce bad debt losses and process orders and new accounts faster. These meetings also encourage the building of relationships and networking with other group members. The administration and production process of the data collected and disseminated is accomplished through a program developed by MFSG, which has been perfected by over 30 years of success in the automotive industry.
All group meetings, with the exception of the Canadian Automotive Group, are held in major U.S. cities with many of the meetings being held on consecutive days, so multiple meetings can be attended in one trip. With the exception of the SEMA group, the member companies must be a subscriber of MFSG to participate in the credit group meetings.
MFSG has expanded its credit discussion group activities outside the automotive industry. MFSG has recently begun to administer credit discussion groups in the polymer, plastics and resin industry, manufactured housing and recreational vehicle industry and the marine industry. MFSG will continue to welcome new opportunities to administer groups within the automotive industry and in new markets.
If you are an existing subscriber of MFSG and wish to get additional information on one or more of our credit discussion groups, or if you are interested in becoming a subscriber or learning more about MFSG please contact our office (919) 549-8400 or info@memafsg.com.