Receivables Management Association of Canada

Welcome to the world of the Receivables Management Association of Canada Inc. (RMA Canada)

As we continue our journey into the New Year 2012, I welcome you to become engaged in the year's activity as it unfolds with the focus of growing our knowledge and combined experiences to facilitate education and develop the Vision of one voice in Canada for the credit industry.

When we began the process of developing this association two years ago, once we received the Industry Canada approval, in 2011 in a very short 5 months the founding members with the assistance on new members presented a conference that was very well attended with 172 attendees.

The speakers were from across the industry and are key players in their specific areas of expertise. Many spoke highly of the association and the mandate that we have presented as no other group brings this representation for the industry in general on a National basis.

Our sponsors have been very supportive and I would like to personally thank them for their commitment as they continue to be supportive of our objectives.

In summary:

• Today in Canada there are many unique self interest groups/associations that serve their specific industry group very well.
• The opportunity is to bring forward a larger voice with a broader national interest to deal with industry issues with policy makers.
• This is what will set us apart in the industry – the National focus in dealing with the issues that affect creditors and service providers in consumer and commercial receivables management in Canada. In working with the many associations that exist today, we believe that by pooling our experience and knowledge we can benefit all participants through a collective voice.

The goal of becoming a national, collective voice is to help receivables professionals work together to anticipate, investigate and influence policy makers to address industry concerns proactively.

Our mission as a National organization is to ensure that we reached out to all those who have an interest in the Accounts Receivable Management industry representing credit grantors in the financial, telecommunication, retail, utility sector, government bodies, law firms, debt buyers & sellers, collection agencies, commercial entities and other regional associations.

As such, there are unique needs and requirements to satisfy. At the same time, RMA members have mutual goals. It is the goal of RMA to promote and support these shared areas of interest on behalf of everyone in the industry.

We do not intend to become an adversary to existing groups or associations that exist for the purpose of ensuring the overall wellbeing of the creditors and the customers is first and foremost.

Collective Interests:

• Enhance public & government perception of the Canadian accounts receivable industry.
• Encourage the development of industry standards and support education.
• Form a centralized point for lobbying efforts.
• Facilitate the formation of National standards & certification.
• Another area of focus will also include Professional Development of its members through educational forums, round table discussions and conferences.
• We are further committed to acting as a comprehensive, knowledge-based resource by sharing best practices, offering professional advice, and increasing member awareness on industry trends and issues through active communications.
• Additionally, RMA's intention is to give its members an opportunity to network with other professionals and to speak with industry experts on relevant topics.

Both the diversity of its members and its' national position enables RMA to focus on encompassing a wider set of issues and topics.

Future direction:

Nothing just happens and the Board along with committee members is diligently working on this year's agenda.  Up until this point we have been running this initiative with a group of passionate representatives from 16 different companies. This group, hold the positions on the Board and a couple of committees.

What can this organization look like in the months/years ahead?  We envision a Consumer Creditors group, a Commercial Creditors group, a Legal group, an Agency group, a Debt Purchaser/Seller group, a Legislative group, an Insolvency group, etc.

Our goal in the coming months is to build a broader base of diversity in the membership to include members from the various segments of industry as indicated in the list of potential groups that I have mentioned.  I encourage you to visit our membership information and consider joining this a future thinking team of professionals.

Building the relationships with other associations as well as our base in other regions is critical to our success and the support of the industry groups in those areas.

The current areas of focus include, but are not limited to:

• Seminars across Canada the focus on National and regional matters that are of key interest.
• Development of Webinars to provide a more accessible tool for these areas of focus at a manageable cost with relative returns for participants.
• Building the industry relationships with existing associations is foremost in the strategy that we are pursuing.
• The creation of a legislative committee to monitor/review pending matters National, Regional and industry focused matters.
• Creation of a communications page on our website is foremost in our current strategy.

Needless to say if you have a passion to influence the relationships with policy makers and peers in the industry, let’s talk. Contact myself or any Board member.  I guarantee that if you become involved and fully engaged in our purpose and focus, you will not only learn and grow professionally but you will be a key contributor in helping build something that can only improve our industry here in Canada.

Let's talk, get active in this program and be a key contributor as many hands make light work and drive success to a new level.

George A. Preece CCP (Emeritus)
President/Chairman of the Board
Receivables Management Association of Canada Inc.

Click here for past President/Chairman Messages

Please view our First Quarterly RMA Newsletter for more information.

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