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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

Archive for the ‘Blog Posts’ Category

Your Procurement Department Needs Credit Data, Too

Tuesday, July 5th, 2016

Where is the risk in your business? Credit managers know that credit reports are one of their most useful tools for managing risk. Ongoing monitoring of customers’ credit reports provides valuable data for deciding which customers are your best bets for prompt payments and ongoing sales. But risk doesn’t come just from the customer side…

Public-Private Partnerships: Can You Unravel the Red Tape and Get Paid?

Thursday, April 14th, 2016

Construction projects across the nation — and in Colorado — are picking up as leaders of municipalities of every size are looking to upgrade infrastructure and provide enhanced public services. To finance these major projects, many public agency decision-makers partner with private-sector company leaders. These public-private partnership, or P3, projects provide a growing area of…

Think You Know All About Mechanic’s Liens? Then Pay It Forward!

Monday, March 21st, 2016

Every year, you see the invitations in your inbox encouraging you to brush up on your knowledge of rules, regulations, and best practices for credit management. And when you attend, you likely do learn something. But for experienced credit managers, are courses worth the time you spend? If you are truly experienced, the answer is…

Avoid the Credit Management Brain Drain

Monday, January 25th, 2016

Across all industries, accounting departments are facing a common challenge: Experienced workers are heading for retirement, and they’ll be taking their specialized knowledge of credit management and industry-specific accounting and regulatory issues with them. While we can’t blame anyone for planning for the next step in life, there are some strategies your company, and specifically…

Credit Department vs. Sales Department? Get On the Same Team!

Wednesday, January 13th, 2016

Nearly every business experiences a certain level of strain between the sales and credit teams. This conflict happens for a variety of reasons, but it often has to do with poor communication, differences in goals, and a lack of training. However, conflict can be reduced or even eliminated by training your sales team members to think…

3 Stages of Credit Risk Management in Your Order-to-Cash Cycle

Thursday, September 17th, 2015

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…

Are You the Last to Get Paid in the Supply Chain?

Monday, August 17th, 2015

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

Wednesday, July 29th, 2015

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…

Data Contribution: What’s in It for You?

Wednesday, July 15th, 2015

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 providing a pool of data from multiple creditors, Experian helps businesses get ongoing…