Mountain States Commercial Credit Management Blog
Stay informed with the latest news from Mountain States Commercial Credit Management
Thinking Of Passing Credit Card Fees To Customers? Think Again
 |
“The check is in the mail” is an excuse that most business-to-business (B2B) companies don’t miss. In today’s economy, electronic payments of all kinds have made it easier and more convenient for your customers to pay you. For the most part, businesses embrace the change, but one element of electronic payments is a fly in… |
3 Standard Questions for Screening Commercial Collection Agencies — Plus 1 You Can’t Skip
 |
Choosing the right commercial collection agency is a tricky step to take, especially with the number of agencies there are. It’s an important decision; in order for the partnership to work, you must turn over confidential information about your company and your customers, which means you must know that the agency has the integrity and… |
Should Your Company Outsource Collections to an Agency?
 |
How many of your accounts are past due? How many are seriously past due? If you aren’t sure how to answer, you’re not alone. Despite having sizeable outstanding past-due accounts, many credit professionals in smaller and midsize companies still find themselves leery of working with commercial collection agencies. They may think that turning a customer… |
Who Is Looking at Your Commercial Credit Report?
 |
Most of us know that our personal credit score affects our ability to access credit and reach our financial goals. The same is true of a business’s commercial credit score. These reports are more than just lists of whether we paid a bill late; they provide a vast range of data that paints a strong… |
Fall Is Here! Time for Vendor Reviews
 |
A quick peek out the window at the changing leaves and dreary weather tells us fall is here! You know what that means: It’s time for you to start thinking about annual vendor reviews. Doing your job effectively without the help of other businesses would be impossible to successfully manage; in fact, this business-to-business exchange is… |
Avoid the No. 1 Mistake in Your Procure-to-Pay Cycle
 |
For businesses working to maintain a healthy cash flow, managing what goes out is just as important as managing what comes in. A balanced purchase-to-pay (aka procure-to-pay or P2P) cycle is essential. However, mistakes in the process can be costly and can affect your entire supply chain. For example, failing to pay suppliers, transportation brokers,… |
3 Stages of Credit Risk Management in Your Order-to-Cash Cycle
 |
A healthy cash flow is vital to any business, so naturally, businesses spend a lot of time tracking their order-to-cash cycle, that all-important process by which you deliver your goods and services and then get paid for them. Still, the cycle is complex, and payments are influenced by everything from the promises your salesperson makes… |
In-depth Credit Reports Reduce Transportation Risk
 |
One kink in the supply chain can cause a ripple effect that throws the whole process off course. Every business that operates in the transportation industry relies on the professionalism, integrity, and skill of every other partner in the supply chain. A commercial credit management partner like Mountain States CCM can help you use credit… |
Are You the Last to Get Paid in the Supply Chain?
 |
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
 |
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… |