State-Spending-Hits-Record-High

In fiscal year 2018, the fifty US states collectively spent over $2 trillion, which is the first time that level has been reached. This is according to the latest State Expenditure Report from the National Association of State Budget Officers (NASBO). The spending was fueled in part by a boost in tax revenue triggered by […]

collecting-in-house- IC System

Focusing on past-due accounts is the most important component of accounts receivable management. In order to recover accounts receivable, the path to success is setting up a system where late-paying customers get reminders and those reminders are consistently administered. This alone may raise the question of whether your firm should keep the collection efforts in-house or […]

customer-segmentation-2-ic-system

If you’re looking for a way to optimize your accounts receivable, customer segmentation is one strategy you’ll want to adopt. The idea behind customer segmentation is using their past behavior to help you decide how to respond if they fail to pay you on time. Taking this strategic approach to accounts receivable management will help […]

80th-birthday-ic-system

IC System commemorated its 80th birthday this October in a month-long series of celebrations. This month marks our 80th year in business, and as new octogenarians, our company has had a major event planned every week for its employees to celebrate. IC System was founded in 1938 on the guiding principle of giving their customers ethical, honest service. Eight decades […]

rainy_day_funds 2 ic system

Rainy day funds can be valuable tools in helping to ease fiscal and economic challenges that are the result of the cyclical nature of the economy. The funds are kept separate from general funds and are intended to be used to amass extra money when available so it can later be used when needed during […]

athenahealth-preview-IC System

IC System, a leader in the healthcare accounts receivable industry, has partnered with eClinicalWorks, a trailblazer in healthcare technology solutions, to offer medical care providers a modern and efficient collection solution. Users of the eClinicalWorks practice management system can now automatically connect their account to IC System. The new partnership will save providers time and […]

IC System-reduce-accounts-receivable

Sending bad debts to a collection agency is the first step toward reducing your accounts receivable and freeing some locked-up capital. If you work with a strong and experienced collection partner, they can provide the tools and resources to resolve as many accounts as possible. This would further reduce bad debts and give you access […]

IC System - Questions-to-get-answered-before-hiring-a-collection-agency

While there are many reputable collection agencies out there, there’s a reason why the industry has gotten a bad rap. Before you choose a collection partner, it’s important to do your research. But how do you know what to look for in a reputable collection agency to represent your business? Let this serve as a […]

ic-system-receives-brainier-award

IC System is proud to announce that it received the “Customer Excellence Award – Developing Leadership/Blended Learning” from Brainier at the 2018 E3Learning User Conference held September 17 and 18 in Minneapolis. IC System received the award for their employee training and development program, called Leaders of Tomorrow. The award-winning program cultivates employee talents, teaches […]

ic-system-receive-cfo-of-the-year-award

IC System’s CFO and Executive Vice President Kurt Heinbigner has been announced by Minneapolis/St. Paul Business Journal as an outstanding financial executive in the Twin Cities. Minneapolis/St. Paul Business Journal announced its list of honorees on September 21, 2018. Mr. Heinbigner was awarded as part of the large private company CFO category alongside two other […]