by Tom Claybaugh, President, MSCCM | Feb 7, 2019 | Commercial Credit News
Over the past five years, artificial intelligence (AI) has slowly crept into the day-to-day operations of financial and credit companies across the world. In fact, what was once a new and novel technology utilized by the biggest international players has since morphed...
by Tom Claybaugh, President, MSCCM | Jan 31, 2019 | Taxes
December 1, 2018, saw the State of Colorado implement a new sales and use tax law that will leave a lasting impact on businesses of all shapes and sizes. But navigating this new legislation will be tricky. What follows is a comprehensive guide that will not only...
by Tom Claybaugh, President, MSCCM | Dec 20, 2018 | Blog Posts
Commercial credit is a preapproved sum of money issued by suppliers to companies seeking to establish an open-ended, continuous business relationship with their suppliers. Widespread and commonplace, commercial credit is used to fund everyday operations, can be...
by Tom Claybaugh, President, MSCCM | Dec 6, 2018 | Blog Posts
Throughout history, credit terms and the way they’ve been offered have changed depending on the strength of the economy. For example, during the Great Recession, many credit managers found that their commercial customers needed extended time to pay their invoices....
by Tom Claybaugh, President, MSCCM | Jul 31, 2018 | Taxes
Are you complying with sales and use tax laws? As a credit professional working with an industry supplier, you likely have an annual audit in your future, so it’s best to be prepared. Colorado sales and use tax laws can get complicated but, with the right knowledge,...
by Tom Claybaugh, President, MSCCM | Mar 20, 2018 | Blog Posts
It isn’t uncommon for credit managers to provide services or products to customers on credit. But when subcontractors complete work only to discover that their payments won’t arrive as agreed, credit managers need to act. On construction projects, one good place...
by Tom Claybaugh, President, MSCCM | Dec 27, 2017 | Risk Management
Do you ever find yourself with no one to turn to when asking credit-related questions? Do you wish you had someone with whom to discuss credit lending ideas? Do you find yourself wishing you had a direct helpline to a collections professional? You’re in luck! The...
by Tom Claybaugh, President, MSCCM | Dec 20, 2017 | Debt Collection
Think of the last letter or email you received. Did you notice the content’s tone or the way it made you feel about the correspondence? The word “tone” describes how authors feel about their subject matter or recipients.1 Tone can have a major effect on readers and...
by Tom Claybaugh, President, MSCCM | Dec 18, 2017 | Risk Management
Some of the best advice we could ever give is for credit managers to avoid risk by taking proactive measures — instead of being reactive. What we mean by this is we encourage all credit managers to use the many available tools to make informed lending decisions before...
