customer-segmentation-2-ic-system

If you’re looking for a way to optimize your accounts payable, 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 […]

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 […]

security-safeguards

Data security and the importance of protecting consumer information remains a top priority for any business that gathers and stores sensitive records. Credit card numbers, personal contact information, social security numbers, and medical records could all be at risk if a business does not take the proper steps to protect themselves. This is especially true […]

recession

With several analysts warning that a recession could hit the nation in 2020, state and local government finance officials should be mindful of how their budgets will be affected by federal fiscal conditions. Specifically, a large federal budget deficit, coupled with historically low interest rates, could present challenges to local coffers in the event of […]

dental-billing-automation

Cash flow is the lifeblood of your dental practice. But the thing that holds back your cash flow (and inflates your accounts receivable days) may have to do with the speed of your processes. If the invoices are only going out to patients in a trickle of paper statements, expect the payments to come in […]