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Mountain States Commercial Credit Management – elevated credit and collection services since 1988. Call us to improve your cash flow.    800-457-8244

Mountain States Commercial Credit Management Blog

Stay informed with the latest news from Mountain States Commercial Credit Management

Leveraging Artificial Intelligence Throughout the Credit Management Process

Posted May 21, 2020 | Comments Off on Leveraging Artificial Intelligence Throughout the Credit Management Process

Artificial Intelligence (AI). It’s a hot topic, and to some, it’s can be a scary topic. The movies have not always portrayed AI in a very positive light, and in the workplace, many people are apprehensive that it might put them out of a job. In reality, AI has great potential to make their jobs…


How to Address Requests for Extended Payment Terms

Posted May 7, 2020 | Comments Off on How to Address Requests for Extended Payment Terms

When extending credit to a customer, the payment terms often will depend on the current economic climate. When times are rough, such as a recession or slow down, customers may need extra time to pay their invoices. In uncertain times like what we are experiencing with the current COVID-19 pandemic, you will likely see many…


Accounts Receivable Management in the Construction Industry

Posted April 2, 2020 | Comments Off on Accounts Receivable Management in the Construction Industry

The construction industry is filled with challenges and risks of all kinds. One of the most serious for contractors and suppliers is getting paid. Because of the nature of the business, there is typically a lengthy time period between the delivery of the goods or services and the receipt of payment. This can be a…


When Your Client Disputes Your Invoice

Posted February 20, 2020 | Comments Off on When Your Client Disputes Your Invoice

Invoice disputes can interrupt cash flow and take time and effort to resolve. They also can damage relationships, if not handled properly. Here are some tips for managing your invoices and related disputes to reduce the impact they have on your business. Be proactive The best way to solve payment disputes is to avoid them….


Dig Deeper: Extending Credit Risk Management to the Customer’s Supply Chain

Posted February 6, 2020 | Comments Off on Dig Deeper: Extending Credit Risk Management to the Customer’s Supply Chain

Every business is vulnerable to risk as a result of its supply chain — from the companies it works with to the products and services it relies on and produces. So when your credit department is considering extending credit to a business, it’s important to dig deeper than just a credit-risk analysis — you also…


Is a Seasonal Business a Good Credit Risk?

Posted January 23, 2020 | Comments Off on Is a Seasonal Business a Good Credit Risk?

Seasonal businesses are characterized by their short-term or seasonal peaks in operation. They tend to do significantly better during certain times of the year and experience lulls in between those times. For example, toy and jewelry retailers see sales jump at the beginning of the holiday season (Q4), whereas lumberyards and landscape outlets have their…


Does Bankruptcy Mean Automatic Denial for Extending Credit?

Posted January 9, 2020 | Comments Off on Does Bankruptcy Mean Automatic Denial for Extending Credit?

When businesses extend credit to commercial buyers, they are assuming a certain amount of risk, which is mitigated through sound credit risk management policies. Regardless of how diligent your credit approval processes are, you will inevitably have businesses that fall on challenging times and into bankruptcy. Refusing to extend credit to a business going through…


Optimize Your Cash Flow: Get Proactive with Your Accounts Receivable

Posted October 24, 2019 | Comments Off on Optimize Your Cash Flow: Get Proactive with Your Accounts Receivable
cash-flow

Cash flow is critical to the success of your business. When cash is coming in, you can pay your operating expenses and reinvest in growing your business. When your cash flow is tied up in accounts receivable (AR), that cash is not available to spend. More businesses fail because of a lack of cash flow…


Why You Should Submit Your Customers’ Payment History Information to Credit Bureaus

Posted October 10, 2019 | Comments Off on Why You Should Submit Your Customers’ Payment History Information to Credit Bureaus

Most businesses today rely on extending credit to its business account customers. Unfortunately, there is always risk involved in lending, and it’s up to the lending company to perform due diligence before extending credit. One good source for information that will help you analyze the risk for a potential credit customer is a credit reporting…


Why You Should Be Worried About B2B Credit Fraud

Posted September 26, 2019 | Comments Off on Why You Should Be Worried About B2B Credit Fraud

When you think of credit fraud, you typically think of the toll that ID theft and phishing scams have on personal financial accounts, but fraud takes a significant toll on businesses — by other businesses. Here’s what credit and financial professionals need to know about B2B credit fraud. Is B2B credit fraud really a problem?…