Accounts Receivable Management Services (ARMS) Officially Launches its One-stop Credit Resource Website Tool

GREAT NECK, N.Y. — Information Clearinghouse, Inc.(ICI) announced today the official launch of its new one-stop credit resource, which focuses on privately held companies. Offered through ICI’s affiliate, Accounts Receivable Management Services (ARMS) (www.fdarms.com) , the new web-based system provides total coverage of 62,000 private businesses in the wholesale and retail environment, and highlights the key components that are critical in making an informed credit decision. Each company profile includes a brief business history, banking information, current and historically trended vendor experience, public abstract data (UCC filings, suits, judgments, tax liens), proactive alert change notification and access to our proprietary credit scoring model; delivered via a portfolio-driven platform that is customized to the client’s customer base.

Chief Executive Officer Lawrence Sarf commented, "We have been working on this system non-stop for the past year and are proud of what we firmly believe will now fill the void in every credit manager’s tool box at just the right time. History is quite clear — during any economic downturn, everyone goes into survivor mode. Those that began with a reasonably strong balance sheet or access to capital are now positioned to knock out weaker competition. The next 12-18 months will reveal the weaker players that have been holding on by a thread, and may be forced to reorganize. Today’s credit executive needs every tool at his or her disposal."