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PESA Expands CID Offering for Global Customers

CID_logo_avenirMore than half of PESA’s Industry members utilize PESA’s Credit Interchange Division (CID), a unique confidential exchange of up-to-date ledger experience that reduces DSO and provides critical credit intelligence. Members gain access to a database of over 50,000 ledger entries on nearly 10,000 existing and potential customers in the energy 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 of $20 per report through December 31, 2019. Simultaneously, PESA staff will prepare a separate country-specific International DSO Report starting in September 2018.

Increasing membership in PESA/CID ensures the quantity and quality of information available. With more than 60% of participating PESA member companies participating in automated file submission, the system credit histories are continuously expanding. With this international offering, the global database will provide an even greater value, supporting our members in all regions of the world.

“Nabors is excited to share our international customer credit experience, and I am looking forward to other CID members submitting their International data. For the U.S., our reporting is excellent and allows us to make better credit decisions. Without CID, my job would be much more challenging.” — Lauri McDonald, Director of Credit, Nabors Drilling Technologies USA, Inc.

The CID Operating Committee is made up of current users of PESA’s Credit Interchange Division (CID) credit database and network. This Committee works with PESA staff to oversee the operations of CID and continuously works to grow and develop resources for this network.

If your company is interested in joining CID, please contact Peggy Helfert to set up an informational webinar.