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IC System, Accounts Receivable Stalwart, Collects Recognition

Posted on September 11, 2018 in Business Education Education News

IC System, a family-owned, third generation receivables management company, has been named by Minnesota’s Star Tribune as one of its Top 150 Workplaces in the state in 2018. IC System, which was also named to the Star Tribune’s 2017 list of Top Workplaces, was honored largely due to responses from it’s own employees, who were among 71,000 employees from 2400 varied companies across the state to take part. In order to be considered for the list, a company must have greater than 50 Minnesota employees.


The Star Tribune’s Michael J. Klingensmith, praises IC System and other companies on the list for maintaining outstanding work settings among the many companies in Minnesota. In the rankings, IC System came in at #33 among other medium-sized companies in the state.


John Erickson, Jr., IC System President and CEO, describes being named to the list as an honor, and was quick to note that the company has been named to the list in consecutive years. The company’s focus on its employees, he says, is a key corporate value. He goes on to say that the company endeavors to make the workplace a gratifying place to work. Erickson adds that it is a great source of pride to know that IC System employees are happy to be with the company.


The company remains one of the country’s largest debt recovery companies, and has been on the cutting edge of industry innovation. A dedication to ethical business practices has led to IC System being awarded the Better Business Bureau’s Torch Award for Ethics in 2013, 2014, and 2015.


IC System was founded in 1938 by Jack and Ruth Erickson, and has remained family-owned since then. The company provides customized debt recovery services across the country for small businesses, healthcare and dental organizations,and utilities, among others. IC System bridges the gap between patients and organizations in managing accounts receivable.