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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

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…


Get Your Business Collections on the Global Scale

Posted October 5, 2016 | Comments Off on Get Your Business Collections on the Global Scale
global business collections

Living in a truly global economy has international commerce on the rise. While it’s great for business, a unique set of risks comes with this new marketplace. Extending credit to a company leader overseas takes extra care because of the added risk and logistics involved in business collections on a worldwide scale. Global commerce can…


B2B Fraud: Do You Know the Signs?

Posted September 28, 2016 | Comments Off on B2B Fraud: Do You Know the Signs?
B2B fraud

One of the biggest credit management risks that business leaders face is something many may not have considered: business-to-business (B2B) fraud, including bankruptcy fraud. B2B fraud occurs when a member of a business you have contracted with purposefully and deceitfully defrauds your company by taking advantage of the credit you have lent without intent to…


Collection Agencies: Friends or Foes?

Posted September 21, 2016 | Comments Off on Collection Agencies: Friends or Foes?
collection agencies

If you have heard anything about commercial collection agencies, chances are it was not necessarily positive. Maybe you heard collection agencies are expensive or their employees ruthless — or perhaps that they are simply unnecessary. As a result of these misgivings, collection agencies often suffer poor reputations. However, these agencies and the professionals their directors…


Know the Red Flags of Credit Management

Posted August 16, 2016 | Comments Off on Know the Red Flags of Credit Management
Credit management

A credit report evaluation is a good first step in your credit review process, allowing you to see if a new customer is worth the risk. It can certainly offer valuable information, but to take this review a step further, you’ll need to look at the company’s financial statement as well. You’ll get a more…


We’re Heading to Chicago!

Posted August 5, 2016 | Comments Off on We’re Heading to Chicago!
crf-chicago

Will you be attending the Credit Research Foundation (CRF) Expo Monday, Aug. 8, through Wednesday, Aug. 10, in Chicago? Jack Tootill and Tom Claybaugh will be at the Mountain States Commercial Credit Management (MSCCM) booth, ready to discuss all things credit! Keep up to date on industry trends, prepare for what may be coming your…


3 Ways to Monitor Your Financial Supply Chain Health

Posted July 27, 2016 | Comments Off on 3 Ways to Monitor Your Financial Supply Chain Health
Businessman in the rain

As times have changed and the credit industry has evolved, the role of credit managers has changed, too. Credit managers and business owners adopt different perspectives to ensure their businesses will be able to survive in changing markets. One way to get in on their perspectives is to manage your business’s financial supply chain. Managing your…