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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

Is it Time to Call in Credit Management Professionals?

Posted July 14, 2017 | Comments Off on Is it Time to Call in Credit Management Professionals?
credit-management-superhero

Do you have past-due credit accounts that you’ve tried everything to collect on? Perhaps you’ve given debtors reminders, warnings, written demands, calls, and maybe event in-person visits — but you still aren’t getting any responses. To get the most out of your overdue accounts, you’ve likely exhausted all your options. The next logical plan of…


Collection Agencies: Friends or Foes?

Posted June 21, 2017 | Comments Off on Collection Agencies: Friends or Foes?
good-versus-evil

If you have heard anything about commercial collection agencies, chances are it was not necessarily positive. Maybe you heard collection agencies are expensive or their employees ruthless — or perhaps that they are simply unnecessary. As a result of these misgivings, collection agencies often suffer poor reputations. However, these agencies and the professionals their directors…


How to Protect Your Firm from Common Fraud

Posted May 17, 2017 | Comments Off on How to Protect Your Firm from Common Fraud
Business Fraud

Unfortunately, some fraud likely exists in your firm right now. Do not wait until you identify a problem to take action and protect your assets.


Employ Effective Conflict Resolution and Communication

Posted May 1, 2017 | Comments Off on Employ Effective Conflict Resolution and Communication

Conflict with customers, particularly over broken promises or missed payments, is unavoidable. No matter how great your customer service, employee relations, prices, or services are, it’s inevitable: Someone will be dissatisfied — and tempers may even flare. Instead of avoiding conflict, you and your staff members can use effective conflict resolution skills to help resolve…


What Does Credit Management Training Have to Do with Your Bottom Line?

Posted March 29, 2017 | Comments Off on What Does Credit Management Training Have to Do with Your Bottom Line?
training

Company owners often underestimate the effects of proper training on their employees — and especially on their bottom lines. How could excellent credit management training can help increase your profitability?


A Quick Introduction to the Mechanic’s Lien

Posted March 23, 2017 | Comments Off on A Quick Introduction to the Mechanic’s Lien

It isn’t uncommon for business leaders 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…


4 Ways to Improve Your Profits Through Strong Collection Practices

Posted March 1, 2017 | Comments Off on 4 Ways to Improve Your Profits Through Strong Collection Practices

One major challenge in extending credit to customers is maximizing collection returns. Meanwhile, you need to have strong credit policies in place to minimize risk. Here are four ways business leaders can improve their profits: 1. Analyze collection trends. Collection trends provide great data about credit policies. Chances are you’ll see both positive and negative…


How Can You Improve Your Underwriting Process?

Posted February 13, 2017 | Comments Off on How Can You Improve Your Underwriting Process?

You should never underestimate the power of a strong credit policy. Business operations depend on cash flow, which depends on customers’ reliability to pay invoices. You should base your credit policy on numerous factors, including how well it suits your business needs, and know when you should review your policy. Risk strategies versus organizational needs…


Fine-Tune Your Credit Risk Management Process

Posted January 31, 2017 | Comments Off on Fine-Tune Your Credit Risk Management Process

The start of a new year is always a good time to review your credit management and collections policies. Are your systems functioning properly? Are you managing risk in a way that makes sense for you and your business? If you answered no or are not sure how to answer these questions, now is a good time to fine-tune your credit risk management process.


Accelerate Your Application Processing

Posted January 19, 2017 | Comments Off on Accelerate Your Application Processing
Fast Cash

To keep your business running smoothly and effectively, you must be able to determine whether it’s worth extending credit to individuals or business leaders in a timely fashion. Try these strategies to speed up your application process while maintaining system integrity.