by Tom Claybaugh, President, MSCCM | Mar 8, 2022 | Accounts Receivable Management
It happens to the best of us: You lose track of time and miss a payment due date. Dealing with delinquent payments is frustrating, but when it’s your money at stake, past due payments go from frustrating to potentially harmful. Fifteen percent of B2B receivables are...
by Tom Claybaugh, President, MSCCM | Dec 16, 2021 | Accounts Receivable Management
The digital transformation movement is modernizing — and automating — business operating systems in every industry and throughout every department. The benefits in increased efficiency more than offset the costs of implementation, particularly for accounts receivable...
by Tom Claybaugh, President, MSCCM | Apr 13, 2021 | Accounts Receivable Management
Accounts receivable (A/R) serves a critical function in your business — namely to ensure consistent and accurate cash flow. There are many challenges for those responsible for A/R, and having a dedicated staff to manage them is helpful. Unfortunately, the overhead...
by Tom Claybaugh, President, MSCCM | Feb 25, 2021 | Accounts Receivable Management, Cash Flow, Risk Management
Cash flow is critical to the success of your business; but when that cash flow is tied up in accounts receivable, you may not be able to keep up with business expenses to keep the business viable. With good people and good accounts receivables (AR) management, you...
by Tom Claybaugh, President, MSCCM | Nov 3, 2020 | Accounts Receivable Management
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...
by Tom Claybaugh, President, MSCCM | Aug 27, 2020 | Accounts Receivable Management
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...
by Tom Claybaugh, President, MSCCM | Apr 2, 2020 | Accounts Receivable Management
The construction industry is filled with challenges and risks of all kinds. One of the most serious for contractors and suppliers is getting paid. Because of the nature of the business, there is typically a lengthy time period between the delivery of the goods or...
