by Tom Claybaugh, President, MSCCM | Nov 17, 2015 | Collections
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...
by Tom Claybaugh, President, MSCCM | Oct 27, 2015 | Credit Reporting
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...
by Tom Claybaugh, President, MSCCM | Oct 20, 2015 | Portfolio Management
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...
by Tom Claybaugh, President, MSCCM | Sep 29, 2015 | Risk Management
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...
by Tom Claybaugh, President, MSCCM | Sep 17, 2015 | Blog Posts, Risk Management
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...
by Tom Claybaugh, President, MSCCM | Aug 28, 2015 | Risk Management
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...
by Tom Claybaugh, President, MSCCM | Aug 17, 2015 | Blog Posts
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...
by Tom Claybaugh, President, MSCCM | Jul 29, 2015 | Blog Posts
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...
by Tom Claybaugh, President, MSCCM | Jul 15, 2015 | Blog Posts
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...
by Tom Claybaugh, President, MSCCM | Jun 24, 2015 | Blog Posts
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...
