"The Chapter 11 Recap indicates it is filling a critical need by its top line view for senior executives throughout the organization and the nuts-and-bolts associates that need access to the details."
Great Neck, NY (PRWEB) September 12, 2011
Accounts Receivable Management Solutions (ARMS), an affiliated company of Information Clearinghouse, Inc. (ICI), has introduced Chapter 11 Recap, a new tool which provides a look back at the previous six months of chapter 11 activity from all 94 U.S. jurisdictions and presents the data by month, industry and state of primary operation. The inaugural issue covers more than 3,000 commercial bankruptcies. In addition, users of the Chapter 11 Recap summary have access to the ARMS bankruptcy filings database for the ability to further filter and sort the information or “drill down” in detail, all the way to a PDF copy of the actual petition, with respect to all filings dating back to February 23, 2011.
When asked about the application of this new tool, Lawrence Sarf, Chief Executive Officer of Accounts Receivable Management Solutions (ARMS) commented: “Spotting economic trends for business planning and resource allocation purposes has never been more important than today as companies focus on target-rich environments. Likewise, avoiding geographic or industry concentrations that are experiencing higher failure rates allows the more productive deployment of financial, as well as human resources. Initial feedback related to the Chapter 11 Recap indicates it is filling a critical need by its top line view for senior executives throughout the organization and the nuts-and-bolts associates that need access to the details. I am extremely pleased with the level of attention it has received in just the last couple of days.”
The ARMS product offerings and database continues to grow exponentially, further establishing ICI’s leadership in the financial analysis, trade credit and bankruptcy expertise fields through its three principal operating companies: F&D Reports, Creditntell and ARMS.
ARMS, along with sister companies F&D Reports (http://www.fdreports.com) and Creditntell (http://www.creditntell.com), are recognized as the premiere credit consulting services with respect to nearly 20 retail channels of distribution.
For more information, please contact Lori Ziegler at loriz(at)fdreports(dot)com /800.789.0123 ext.148 or visit http://www.fdarms.com and request a trial password.