IC System is an accounts receivable company headquartered outside of St. Paul, Minnesota. Founded in 1938 by Ruth and Jack Erickson, the company has been family-run for the length of its eighty-year existence. It is now in its third generation of Erickson leadership. Founded on the principles of providing honest and ethical service, the company is committed to utilizing practices driven by its own moral code to improve financial outcomes for both clients and consumers. To this end, representatives for the company are highly trained with respect to relevant legal and business considerations as well as proper consumer relations. This focus on training not only helps to achieve successful results, but also to maintain relationships that clients have built with their customers. To facilitate the company's commitment to quality, its guiding principles have been condensed into a code of ethics known as its statement of core values. These values help to direct all actions taken by the company, allowing it to keep policies consistent with the philosophies built into its foundation. The core values focus on the five areas of people, integrity, performance, pride, and innovation. In a constant effort to encourage the following of ethical practices throughout the company, quarterly awards are given out to employees who best typify the core values in the workplace. In addition to the above areas of focus, the company also places particular emphasis on compliance and security. With a recognition that sensitive data must be safeguarded at every point possible, the company often opts for data compliance checks that exceed those used by competitors in the industry. These checks are audited by third-party specialist FRSecure and are performed by a team of qualified assessors who have a particular focus on the accounts receivable industry. One example of this commitment to additional security compliance is the company's decision to conduct the PCI DSS 3.2 Report on Compliance rather than the more common, and less stringent, Payment Card Industry Data Security Standard self-assessment.The staff at IC System come from unusually diverse demographic backgrounds. The company is 60.0% female and 26.0% ethnic minorities. IC System employees are slightly more likely to be members of the Democratic Party than the Republican Party, with 63.0% of employees identifying as members of the Democratic Party. Despite their political differences, employees at IC System seem to be happy. The company has great employee retention with staff members usually staying for 3.4 years.The average employee at IC System makes $37,522 per year. Pay at IC System is significantly lower than some of its highest paying competitors, like Client Services, Bonneville Collections, and Select Resources, which pay $51,077, $50,930, and $50,930, respectively.Based in Saint Paul, MN, IC System is a key player in the professional industry with 1,000 employees and an annual revenue of $110.0M.
IC System's mission statement
To be the best, most trusted provider of receivables management services to original creditors. At IC System, we preserve your patient relationships while recovering on patient accounts, new and older.
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IC System is ranked #28 on the Best Professional companies to work for in Minnesota list. Zippia's Best Places to Work lists provide unbiased, data-based evaluations of companies. Rankings are based on government and proprietary data on salaries, company financial health, and employee diversity.
We calculated IC System’s diversity score by measuring multiple factors, including the ethnic background, gender identity, and language skills of IC System’s workforce.
IC System diversity summary. Zippia estimates IC System's demographics and statistics using a database of 30 million profiles. Zippia verifies estimates with BLS, Census, and current job openings data for accuracy. We calculated IC System's diversity score by measuring multiple factors, including the ethnic background, gender identity, and language skills of IC System's workforce.
IC System has 1,000 employees.
60% of IC System employees are women, while 40% are men.
The most common ethnicity at IC System is White (74%).
10% of IC System employees are Hispanic or Latino.
7% of IC System employees are Asian.
The average employee at IC System makes $37,522 per year.
IC System employees are most likely to be members of the democratic party.
Employees at IC System stay with the company for 3.4 years on average.
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IC System office locations
IC System is headquartered in Saint Paul, MN
IC System financial performance
9.6
Performance score
Highest paying IC System competitors
Compare IC System salaries to competitors, including Client Services, Bonneville Collections, and Select Resources. Employees at Client Services earn the highest average yearly salary of $51,077. The salaries at Bonneville Collections average $50,930 per year, and the salaries at Select Resources come in at $50,930 per year.
Rank
Company
Average salary
Jobs
1
$51,077
0
2
$50,930
0
3
$50,930
0
4
$50,860
0
5
$50,716
0
6
$50,608
0
7
$50,496
0
8
$49,950
0
9
$49,384
0
10
$49,261
0
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Zippia gives an in-depth look into the details of IC System, including salaries, political affiliations, employee data, and more, in order to inform job seekers about IC System. The employee data is based on information from people who have self-reported their past or current employments at IC System. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by IC System. The data presented on this page does not represent the view of IC System and its employees or that of Zippia.
IC System may also be known as or be related to I.C System Inc, I.C. System, I.C. System, Inc., IC System and IC System Inc.
