BCCA MISSION STATEMENT:
To be the media industry’s premier provider of credit information, education, and networking opportunities assisting members to efficiently manage credit risk and increase profitability.
BCCA MEMBER BENEFITS
The Broadcast Cable Credit Association, Inc., (BCCA) is a subsidiary of MFM (formerly known as BCFM).
CREDIT REPORTING SERVICE
BCCA CUSTOM REPORTS
In today’s world with major bankruptcies and “slow pay” or “no pay” advertisers, you need current credible information about advertisers before accepting the sales order. The BCCA Credit Reporting Service currently contains more than 35,000 credit reports that can give you a factual basis for determining creditworthiness of new clients. BCCA members can instantly access these reports via BCCA’s on-line credit database, or via phone or faxed request. Processing of new requests begins within 24-48 hours, depending upon the level of priority the member sets. BCCA provides credit reports quickly and accurately so members can focus on the big picture of increasing company revenues.
Report Units make BCCA memberships an even better value. When requested, Current Completed CUSTOM Reports (reports for which no additional work needs to be done) are charged as one Report Unit (half of a New or Updated Report); Rush Requests continue to be charged as two times a New or Updated Report or Four Report Units.
BCCA COMMERCIAL CREDIT REPORT
In today’s world you need to get information quickly. We are pleased to announce that we are offering members-only access option to our Commercial Credit Reports, as a compliment to BCCA’s Credit Reports, to help meet this need. This report is being offered as additional information to any report BCCA currently has in its database or on a new report being created from a credit application supplied by you. You now can request a BCCA report only or a BCCA Report and the Commercial Credit Report combination.
The new Commercial Credit Report feature:
· A wide spectrum of easy-to-understand information, including comprehensive demographic, financial and public record information as well as sophisticated analytic credit scores.
· Accurate, objective and continually updated data from multiple sources (no self-reported financial information that is offered by some reporting companies).
· Payment and banking data with more than 550 million payment experiences reported annually, from Experian Business Information Solutions.
· Audited financial information with balance sheets and ratios on more than 10,000 public companies, from Edgar Online.
· Nearly 8 million collection experiences directly from commercial collection agencies, from Experian’s database.
· National coverage of public record data, including liens, judgments, bankruptcy filings, UCC’s, from Lexis Nexis and Experian.
· Demographic data, including business background, principal names and titles, industry type, revenue, and employee counts from Lexis Nexis.
The Electronic Media Credit Application – EMCAPP.com – streamlines the media credit application process reducing time and money spent by advertisers, advertising agencies and media providers alike. A single application can be used by all media advertising providers – TV, radio, cable, print, outdoor and digital.
Credit applications are available when you need them, no need to track them down. This frees the sales department up to focus on business development instead of paperwork. Complete, legible information allows the credit department to make a faster credit decision in compliance with your credit terms. Media providers can move seamlessly from the EMCAPP website to the BCCA Credit Reporting System further streamlining the media credit decision process.
PROFESSIONAL DEVELOPMENT AND NETWORKING
The BCCA Credit Track is a key component of the Annual MFM/BCCA Conference. This three-day event is your annual opportunity to hear from industry legends as well as to learn from outside professionals and your peers. Speakers and panelists provide the latest thinking on topics such as joint and several liability, bankruptcy, new forms of payments, sales team expectations, technology and tools using the Internet to be more effective and how to become a better manager. Breakfasts, luncheons, breaks, and evening social events at exciting venues give you opportunities to exchange ideas, best practices, and success stories with colleagues from across the country.
BCCA MEDIA CREDIT SEMINAR
Held for the first time in November of 2010. The BCCA Media Credit Seminar will focus on credit related issues for the media industry including magazine, newspaper, television, radio, cable and emerging media. It is an opportunity to meet with media credit professionals and executives from across the country.
DISTANCE LEARNING SEMINARS
MFM and BCCA telephone seminars allow you to keep current on the issues facing our industries from the comfort of your own desk. From the basics of credit management to the complexities of different liability positions, Distance Learning Seminars bring you the experts with the information you need.
THE FINANCIAL MANAGER
The MFM/BCCA bi-monthly magazine features articles on issues, finance, taxes, accounting, credit and collections, new trends in technology, and valuable industry information. Regularly featured articles provide credit and collections “how to” articles, news about agencies, commentaries by leading broadcast/cable credit experts, and other information vital to all credit personnel and sales management.
MFM/BCCA’s monthly electronic newsletter highlights current Association news, upcoming events and current industry activity.
BCCA’s website – www.bccacredit.com – is members’ best source for a wealth of Association information. From online credit reports to links to registrations for seminars and the Conference to an electronic archive of The Financial Manager magazine, from an online, continuously updated version of the Membership Directory, Conference information, Distance Learning Seminar updates and copies of BCCA position papers, to industry calendars, a Resource Buyers Guide, and links to other industry information, the BCCA website has what you need when you need it.
The MFM/BCCA Membership Directory is your “Who’s Who” of finance and credit professionals in Television, Radio, Cable and other media. The online version, available only to members, is easily accessed from the BCCA website.
BCCA CREDIT AND COLLECTION HANDBOOK
Written and recently updated by credit professionals for credit professionals, the BCCA Credit and Collection Handbook takes the reader from credit policy, to payment liability, financial analysis, discrepancies, collection procedures, bankruptcy, cash forecasting, days sales outstanding and rep firms’ role. Sample letters, forms and suggestions provided throughout the Handbook, along with comprehensive glossaries at the end, help today’s credit manager create or improve a media credit department. This Handbook shows how to incorporate credit polices through the use of credit tools and provides methodologies to improve credit operations.
BCCA and MFM launched a new online job bank in 2006. It is an essential resource for employers searching for qualified, highly skilled candidates to fill credit management openings in radio, cable, television and other electronic media industries. Postings are reasonably priced, appear immediately, and can be edited or changed at your discretion. Displaced members find it a source of career opportunities across the country.
BCCA radio and television members can gain valuable industry trend insights by participating in industry-specific Days Sales Outstanding surveys. BCCA’s bi-annual Credit and Collection Survey is the most comprehensive survey of its kind in the industry with answers to more than fifty detailed questions about credit and collections – data that make it a vital management planning tool.
INDUSTRY POSITION PAPERS
BCCA has sponsored official position papers on diverse topics including notarization, formula for calculating Days Sales Outstanding, electronic invoicing, and bankruptcy reform. For complete information on these, go to www.bccacredit.com.
This committee is a vital part of our organization. It is comprised of BCCA members who not only help plan the Annual Conference panels, oversee writing and revisions of The BCCA Credit & Collections Handbook, coordinate the Bi-Annual Credit & Collections Survey, contribute and find TFM articles, and help coordinate Distance Learning Seminars, but also discuss issues that affect all BCCA members. All BCCA members are welcome to join this committee.
GO TO BCCACREDIT.COM