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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

Artificial Intelligence and Commercial Credit: A Good Match?

Posted February 7, 2019 | Comments Off on Artificial Intelligence and Commercial Credit: A Good Match?

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 into an essential component for any forward-thinking financial institution. Want to get to…


Navigating the New Colorado Sales and Use Tax Law

Posted January 31, 2019 | Comments Off on Navigating the New Colorado Sales and Use Tax Law

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 detail the latest developments from the statehouse and…


How to Request Financial Statements of Commercial Customers Ordering on Credit

Posted December 20, 2018 | Comments Off on How to Request Financial Statements of Commercial Customers Ordering on Credit

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 accessed by the borrower at any point, and is usually repaid within common terms like “Net 30.” Like…


How Should You Respond When a Customer Asks for Extended Payment Terms?

Posted December 6, 2018 | Comments Off on How Should You Respond When a Customer Asks for Extended Payment Terms?

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. Businesses and individuals alike struggled to survive in the difficult reality of the stagnant economy….


Sales and Use Taxes: How to Prepare for an Audit

Posted July 31, 2018 | Comments Off on Sales and Use Taxes: How to Prepare for an Audit
Audit

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, you can be ready for your next audit….


A Quick Introduction to the Mechanic’s Lien

Posted March 20, 2018 | Comments Off on A Quick Introduction to the Mechanic’s Lien

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 subcontractors and suppliers can start is obtaining mechanic’s liens. Timely filing is key Most…


Join the Conversation! Attend an Industry Credit Meeting Group

Posted December 27, 2017 | Comments Off on Join the Conversation! Attend an Industry Credit Meeting Group
Business People Joining Hands Showing Teamwork

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 experts at Mountain States Commercial Credit Management (MSCCM) host…


Pitch Perfect: Master the Perfect Pitch in Your Collection Letters

Posted December 20, 2017 | Comments Off on Pitch Perfect: Master the Perfect Pitch in Your Collection Letters

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 how likely they are to respond — and,…


Use Experian Business Credit Monitoring Tools to Avoid Credit Risks

Posted December 18, 2017 | Comments Off on Use Experian Business Credit Monitoring Tools to Avoid Credit Risks
report credit score

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 ever selling products or lending money, rather…


Debt on Your Books? Start Fresh in the New Year!

Posted December 15, 2017 | Comments Off on Debt on Your Books? Start Fresh in the New Year!
business debt

The end of 2017 is barreling toward us. With that comes a whole to-do list of important items to wrap up before the year closes. For credit managers at many small and medium-sized businesses, the end of the year is the time to reconcile accounts and decide what to do with outstanding debt left on…