IC System was started in 1938 by Ruth Erickson and her husband, Jack Erickson. It is one of the top accounts receivable companies in the United States. The philosophy of IC System is to operate the business honestly and ethically with the goal of reaching a good financial solution for both the clients and their customers.
Ruth Erickson was a fierce entrepreneur who worked tirelessly to help IC System become what it is today. In the very beginning, when IC System was just a fledgling company, it was Ruth who went to local businesses and introduced the company’s services. IC System would provide the debt collection service to help small businesses solve their outstanding account issues.
Back then, the primary means of collecting debt was through letter writing and it was Ruth who typed all those letters to get results for IC System’s clients. When computers were introduced, Ruth saw the potential of that technology to grow the business. She invested in a system that had the capacity to generate more letters than she could. In doing so, she put IC System ahead of the competitors. With this technology, IC System was able to serve more clients.
When IC System had the capability to service more clients, Ruth realized that she can grow the company even further if the company was endorsed by professional organizations. She started reaching out and her efforts were rewarded when the company received endorsements from the Texas Medical Association and the Massachusetts Dental Society. Many more endorsements by professional organizations followed. These endorsements still impact IC System’s business practices today.
Ruth Erickson was a strong female role model. IC System remains a family-run company. Many of those family members are strong women who run the business just like Ruth did. Ruth was a trailblazer who is still an inspiration to professional women today.