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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

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.


Get It In Writing: Create a Credit Policy

Posted December 27, 2016 | Comments Off on Get It In Writing: Create a Credit Policy
credit card data security

As businesses grow and industries change, it often becomes necessary for you to extend credit to clients. This process allows you to do business with more customers since not all can pay at the exact sale or service time. Many business owners handle this process through an invoicing practice, which is beneficial for many different…


Business Owners Out-Manage Credit Compared to Their Consumer Counterparts

Posted December 14, 2016 | Comments Off on Business Owners Out-Manage Credit Compared to Their Consumer Counterparts
Businessman Checking Credit Score

Before venturing out to start small businesses, people often ask themselves, “How will this affect my personal financial situation?” Many are fearful new venues will have negative implications on their personal credit and debt ratios. In The Face of Small Business data study, Experian researchers set out to get an answer:1 Is there a correlation…


Don’t Fall Into the Cash Flow Gap

Posted November 2, 2016 | Comments Off on Don’t Fall Into the Cash Flow Gap
Account Receivables

Have you ever waited around on pins and needles for a customer to pay a bill? Do you often check your accounts receivable transactions to see where you stand? Most business managers go through this, and the longer they do, the more anxious they feel. These thoughts are a byproduct of what is called a…


Estimate Uncollectible Accounts: Best Practices

Posted October 26, 2016 | Comments Off on Estimate Uncollectible Accounts: Best Practices
Financial Planning

Despite your best efforts, an unavoidable part of doing business is the occasional uncollectible account. Although every business owner wants to avoid this and does her or his best to do so, uncollectible accounts are inevitable. These accounts are receivables or debts with either little chance of being repaid or none at all and are…