IC System is a company that specializes in the field of accounts receivable. It is also known as a collection agency. The company got started in 1938 by Ruth and Jack Erickson. They wanted a company that would give their customers honest and highly ethical service. IC System is still owned and run by the Erickson family. Their goal of providing high ethics and honesty to their customers has withstood the test of time (Bloomberg).
IC System has always prided itself to be at the forefront of the accounts receivable industry. As an example they were the first collection agency to upgrade from typewriters to computers in 1968. They are always up to date as far as following the latest regulatory and compliance standards. They have an industry reputation of being a very up to date and secure collections agency.
The company tries to improve financial objectives for both the consumer and the client. They try to offer honest and ethical solutions for both parties. They use friendly and ethical practices when dealing with the consumers of debt. Because of this IC System has been nominated as a finalist for an award known as the BBB Torch Award for Ethics. This occurred in the years 2013, 2014, and in 2015.
This company has a series of core values that they adhere to. People who are either consumers of debt or creditors are always treated with respect and courtesy. They always try to do the right thing. They are able to get good results for their clients. They take pride in their business and they are always striving to find more efficient and better ways to get things done. IC System awards their best employees their Core Value Award every business quarter. It is one of the ways that IC System helps to incentivize their employees. The company plans and takes part in charitable events. They also try to help out employees who are facing catastrophic health or other overwhelming personal situations. They care about making money of course but they also consider the needs of their fellow man and their community.