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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

Five Ways Cybercriminals Are Targeting Businesses During the COVID-19 Crisis

Posted December 4, 2020 | Comments Off on Five Ways Cybercriminals Are Targeting Businesses During the COVID-19 Crisis

As businesses struggle to deal with reduced budgets, staff reductions, supply chain disruptions, and transitions to a primarily remote workforce, security issues may take a backseat, leaving your company vulnerable. Without the proper cybersecurity in place to protect your data and systems, your company could be at risk for cybersecurity attacks. These attacks could not…


Your Business Credit Report Is a Reflection of Your Company’s Financial Health. Guard It Well.

Posted November 30, 2020 | Comments Off on Your Business Credit Report Is a Reflection of Your Company’s Financial Health. Guard It Well.

We all know the importance of regularly checking our personal credit score; but it’s equally important to monitor your business or commercial credit score as well. A business credit score can affect your ability to secure credit or loans, and can influence your interest rates. It’s important that you check your report regularly to ensure…


3 Keys To Managing Remote Billing or Collections Employees

Posted November 25, 2020 | Comments Off on 3 Keys To Managing Remote Billing or Collections Employees

In recent years, many companies have adopted remote work options, providing greater flexibility for their employees. This year, however, remote work environments were no longer an option, they became a necessity. For accounts receivable teams, working remotely can present unique challenges, not the least of which include the heightened security and privacy measures required for…


How to Handle Accounts Receivable When the Account Files for Bankruptcy

Posted November 3, 2020 | Comments Off on How to Handle Accounts Receivable When the Account Files for Bankruptcy

There is inherent risk whenever you extend credit to a business. Managers must perform their due diligence to determine whether that risk is justified. Unfortunately, unforeseen circumstances can arise that may force a company to declare bankruptcy, resulting in unpaid debts. Those circumstances will likely become more prevalent as the COVID-19 pandemic continues to ravage…


Score This! How Portfolio Scoring Helps You Reduce Risk and Take Advantage of Opportunities

Posted October 29, 2020 | Comments Off on Score This! How Portfolio Scoring Helps You Reduce Risk and Take Advantage of Opportunities

The ultimate goal of portfolio management is to minimize risk and maximize opportunities to grow the business. Organizations that proactively manage portfolio risk are in a better position to take on more risk, with a greater opportunity for return on that investment. But how? One way companies can be proactive and make better risk decisions…


How to Make Collection Calls That Get Results

Posted September 3, 2020 | Comments Off on How to Make Collection Calls That Get Results

Any conversation dealing with money, especially money that’s owed, has the potential to disintegrate into ugliness. That’s why understanding human nature is just as important as understanding Days Sales Outstanding (DSO) when it comes to making those difficult collection calls. The number one piece of advice is to be prepared. Check out the following tips…


Improve your AR Management by Tracking These KPIs

Posted August 27, 2020 | Comments Off on Improve your AR Management by Tracking These KPIs

A business’s cash flow depends on its ability to effectively manage accounts receivable (AR) and collections. But how do you know whether your accounting professionals are effective in their management processes or whether there is room for improvement? Continuously monitoring the performance of AR throughout the year will allow your business to collect performance snapshots…


B2B Debt Collection: How to Ensure You Don’t Get Paid

Posted July 30, 2020 | Comments Off on B2B Debt Collection: How to Ensure You Don’t Get Paid

Despite sound credit-risk policies and proactive accounts receivable management, there will be times when you need to take action to collect past-due debt. However, there is a right way and a wrong way to go about it. One way will enhance your chances of collecting what’s due while maintaining the customer relationship, while the other…


Managing Credit Risk During COVID-19

Posted July 16, 2020 | Comments Off on Managing Credit Risk During COVID-19

The sudden and unexpected arrival of COVID-19 has thrown the economy into turmoil. Cash-strapped businesses may have to decide between paying employees, landlords, banks, or vendors. The inability to timely bill, collect overdue debt, and obtain supplies likely will hinder efforts to generate revenue and grow as well. There are a lot of unknowns ahead,…


When Is a Payment Bond Claim a Better Choice than a Mechanics Lien?

Posted June 25, 2020 | Comments Off on When Is a Payment Bond Claim a Better Choice than a Mechanics Lien?

When a supplier or subcontractor doesn’t get paid for materials or work on a construction project, they have two options for securing payment: a mechanics lien or payment bond claim. Both are tools for claiming what is owed in case of a dispute. Although they are similar, there are key differences that will determine which…