Credit Interchange Division
The Credit Interchange Division (CID), operating as a cooperative venture among PESA member companies since 1955, facilitates the confidential exchange of up-to-date ledger experience among its member companies and divisions.
CID offers Member Companies business intelligence to reduce financial risk and minimize DSO through credit and payment data exclusive to the oil and gas industry.
PROPRIETARY CREDIT AND PAYMENT HISTORY
CID currently maintains a database of over 300,000 ledger entries on more than 50,000 customers, prospects and suppliers. This unique confidential exchange of up-to-date ledger experience allows Members to submit and access exclusive data to determine credit worthiness and reduce financial risk.
CID provides information to effectively research prospects and monitor customer’s credit at a lower-cost basis than similar services.
NETWORK OF CREDIT EXPERTS
Members benefit from the system’s exclusive data and access to a deep network of experienced credit experts from across the industry.
A new enhancement to the current PESA/CID portfolio offers members the ability to submit international as well as domestic data. As an added benefit, international reports will be available at a discounted rate through December 31, 2019.
More than 60% of PESA’s Industry Members utilize CID, and membership is available to any Industry Member Company who maintain a distinct credit department.
The CID Operating Committee oversees the operations of CID and offers Members roundtables and seminars that provide excellent opportunities for credit personnel to meet with peers from participating member companies and discuss issues that affect their day-to-day operations.
If you would like further information on becoming a member of CID, please contact the PESA-CID office at 713-932-6622.