Mountain States Commercial Credit Management Blog
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Are You the Last to Get Paid in the Supply Chain?
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A strong supply chain is just that: a chain, in which the whole is only as strong as its weakest link. So when even one part of the chain breaks down, so does the entire chain. When the supply chain is functioning as it should, everything goes smoothly. The consignor or shipper hires a freight… |
Want More On-Time Payments? Try These Tips
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Do you have a problem getting certain customers to pay on time? Every business that offers credit to its customers faces this challenge, to some degree. Luckily, there are ways to nudge your commercial customers into making a payment without destroying the relationship you’ve worked hard to build. For best results, try the following tactics… |
Data Contribution: What’s in It for You?
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Like all credit managers, you surely understand the importance of checking the credit of every new commercial customer. But once you’ve extended credit to your customers, what information do you then have about their ongoing credit and how they’re using it? By providing a pool of data from multiple creditors, Experian helps businesses get ongoing… |
Avoid Common Sales and Use Tax Pitfalls
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Most business owners do their best to be diligent about collecting taxes and filing accurate sales and use tax returns, but there’s a lot to know — and mistakes naturally occur. Let’s take a look at some of the most common missteps that business owners make in sales and use tax collecting and reporting. Start… |
Is Your Business Prepared for a Tax Audit?
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Is it ever a good time for a sales and use tax audit? Still, they somehow seem to come at the very worst times. Preparing for the audit can be a time-consuming project in itself, but if you’re unprepared, the audit may even become disruptive to your business operations. Sales and use tax compliance is a… |
How to Collect Debt Without Losing Your Customer
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For commercial enterprises, customers are truly the lifeline of the business. Pleasing them and meeting (or even anticipating) their needs is what keeps your company thriving. So when a client pays later and later each month, or fails to pay at all, it can be very difficult to make the decision to send that account… |
Managing A/R Doesn’t Start or End with Collections
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Late or missed payments are major pain points for any business. But maintaining a strong, steady cash flow doesn’t magically start when you send an account to a collections agency! That’s only one part of a full-cycle risk management process that begins when a prospective client first approaches you for credit. Rather than relying on… |