Mountain States Commercial Credit Management Blog

Artificial intelligence (AI) is controversial. Along with significant benefits, AI implementation carries a lot of potential risk. What can AI do to improve supply chain management? And how can business address the common concerns raised by its growing prevalence?

For successful digitization of the Order-to-Cash cycle, remember the three As: Analytics, Automation, and Artificial Intelligence.

The construction industry is a financial minefield. To navigate and manage commercial credit in construction, know the risks in advance.

Commercial creditworthiness depends on more than credit history. Environmental factors can affect your customers’ ability to do business. For successful partnerships, be sure to look at the whole picture.

More and more companies are ditching traditional payment methods and switching to digital platforms. What are the benefits — and drawbacks — to this approach?

A mechanic’s lien is a valuable tool for ensuring construction workers and suppliers get paid, but “bonding off” a mechanic’s lien — while sometimes used to discourage claimants from filing a lien — might actually be the best solution for all involved.

Commercial credit is an important element of business strategy, but it does introduce an element of risk. With due diligence, lenders can keep clients happy, increase cash flow, and limit inherent risk.

When a formerly prompt-paying customer falls behind in payments, there’s often a good reason. A tactful approach and willingness to negotiate will usually alleviate tension in the business relationship as well as get the debt paid.

If you rely more on judgment and gut feelings than sound credit practices when extending credit, perhaps it’s time update your process with a credit risk scorecard.

Suddenly switching to having a remote workforce was a necessity for many businesses due to the arrival of COVID-19, and many were unprepared for the switch. Now that we’re a year in, you might want to review some of the legal and related considerations for your remote employees to ensure you remain compliant.