Many retailers have been asking us the same question lately: how do I get a “Good Housekeeping” seal approval from Reklaim Credit Solutions?
It is a fair question, and it deserves an honest answer.
So here it is.
Right now, if you pay your vendors on time, you are doing everything RIGHT and getting almost nothing for it.
Your suppliers know you are reliable. They extend you terms, maybe they nudge your limit up over time. But that reputation lives inside a handful of private relationships.
It does not travel.
The moment you approach a new vendor, you start from zero. They do not know your history. They treat you like every unknown applicant who ever stretched a payment to ninety days. All that goodwill you earned being a good payer stays trapped with the vendors who already know you and hopefully love you.
That is the real problem. Good payers in this industry have no portable proof that they are good payers.
Here is how that changes.
Like every true commercial credit rating and reportin agency, Reklaim Credit Solutions is a contributory credit network. Operators share de-identified accounts receivable aging data, the full picture, on-time and late. We combine it with public records and run it through our models to produce a commercial credit score and suggested credit limit on the counterparties in the network.
If your payment history is strong, that strength is exactly what shows up.
But it only shows up if the vendors extending you credit are contributing their data. Your good behavior has to be in the system for the system to reflect it. That is the part you can actually influence.
So if you have been asking how to get a good rating, here is the answer in plain terms.
Keep paying the way you already do. Then go to the vendors who extend you credit and push them to subscribe and contribute their accounts receivable data to Reklaim Credit Solutions.
Not as a favor to us.
As the only way your track record gets recorded somewhere that other vendors can see it.
If your suppliers are not in the network, your good history does not exist outside their books. You stay invisible, and you keep starting from zero with every new supplier you approach.
The retailers who understand this first will be the ones with established ratings before the rest of the industry figures out the game. That is the advantage. Being early.
This is how commercial credit has worked in every other industry for over a century. The companies that pay well want to be measured, because measurement is the only thing that separates them from the companies that do not.
The cannabis industry has never had that layer.
We are building it with arguably the strongest team in predictive metrics that you could assemble!