Press Releases

JBT Announces A UCC Filing Service with CLAS; the Second in Suite of Four New Programs for Members

An automated service for filing UCCs to protect Memo Goods.

Published

3 years ago

August 30, 2021

Press Releases

(PRESS RELEASE) WARWICK, R.I. — The Jewelers Board of Trade (JBT), the industry leading resource for jewelry business and credit data announces its second new program within a larger suite of four new initiatives for existing members, an automated service for filing UCCs to protect Memo Goods.

JBT is undergoing its first major refresh in decades focused on technological changes in the industry with new products to better serve members changing needs and to increase internal efficiency.

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What hasn’t changed at JBT is the company’s overarching mission. JBT continues to be the most reliable provider of credit information and marketing data on thousands of jewelry businesses. They maintain a strong commitment to independence, data security, and a focus on serving member’s needs.

Recently JBT announced its preferred Partner Program with Podium to provide messaging tools for jewelers. Podium’s messaging platform enables retail jewelers to better communicate with their customers, garner reviews and testimonials, convert more leads, make meaningful connections, and ultimately better promote their stores.

JBT announces its second new program for existing members; an automated service for filing UCCs. For decades JBT has been telling members conducting memo transactions that they should protect their goods in the event a customer files bankruptcy by filing a Uniform Commercial Code (UCC). Many jewelry businesses don’t take this step – often finding the process too cumbersome and expensive when lawyers get involved. That all changes with JBT’s new UCC filing service. Beginning this Fall, JBT will offer all Enhanced Members an online UCC filing service with CLAS.

In just minutes, a UCC can be filed electronically in 47 states, for less than half the fees charged by a lawyer. Members will have the option to file PMSI for a modest additional fee and will have access to an online portal to track status.

According to Erich Jacobs, JBT President, “The current process for filing a UCC is too time-intensive and expensive. Our new program takes the pain and high cost out of the equation entirely which ultimately makes this a no-brainer for our members.”

This Third-Generation Jeweler Was Ready for Retirement. He Called Wilkerson

Retirement is never easy, especially when it means the end to a business that was founded in 1884. But for Laura and Sam Sipe, it was time to put their own needs first. They decided to close J.C. Sipe Jewelers, one of Indianapolis’ most trusted names in fine jewelry, and call Wilkerson. “Laura and I decided the conditions were right,” says Sam. Wilkerson handled every detail in their going-out-of-business sale, from marketing to manning the sales floor. “The main goal was to sell our existing inventory that’s all paid for and turn that into cash for our retirement,” says Sam. “It’s been very, very productive.” Would they recommend Wilkerson to other jewelers who want to enjoy their golden years? Absolutely! “Call Wilkerson,” says Laura. “They can help you achieve your goals so you’ll be able to move into retirement comfortably.”