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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 ‘Cash Flow’ Category

Digital B2B Payment: Pros and Cons

Tuesday, July 27th, 2021

More and more companies are ditching traditional payment methods and switching to digital platforms. What are the benefits — and drawbacks — to this approach?

Tips for Managing Your Cash Conversion Cycle During Challenging Times

Tuesday, April 6th, 2021

The cash conversion cycle (CCC) is an essential metric for businesses who depend on inventory management and related operations. It measures how many days a company takes to convert their raw materials into cash flow from sales, and takes into consideration the payment terms to avoid sustaining penalties. Additionally, CCC helps businesses evaluate their operational…

Cash Flow Is Critical, Especially During a Crisis

Thursday, February 25th, 2021

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 should be able to stay on track. What…

Optimize Your Cash Flow: Get Proactive with Your Accounts Receivable

Thursday, October 24th, 2019

Cash flow is critical to the success of your business. When cash is coming in, you can pay your operating expenses and reinvest in growing your business. When your cash flow is tied up in accounts receivable (AR), that cash is not available to spend. More businesses fail because of a lack of cash flow…

Does Your Average DSO Indicate Problems With Your Accounts Receivable Practices?

Wednesday, July 24th, 2019

A company’s cash flow is a critical factor for its success. Collecting outstanding accounts receivable will help keep the cash flowing. One method for evaluating how efficient your accounts receivable processes are is by measuring Days Sales Outstanding (DSO). Here is a review of DSO, its significance to your company, and how you can lower…

How Should You Respond When a Customer Asks for Extended Payment Terms?

Tuesday, June 14th, 2016

Throughout history, credit terms and the way they’ve been offered have changed depending on the strength of the economy. For example, during the Great Recession, many credit managers found that their commercial customers needed extended time to pay their invoices. Businesses and individuals alike struggled to survive in the difficult reality of the stagnant economy….

4 Invoicing Best Practices Keep Payments Coming In

Thursday, May 5th, 2016

Imagine this: You check your books and find that a customer is late with a payment. You contact the accounts payable clerk and realize the company didn’t pay because your invoice was wrong. Now you have to rebill the customer — a rework process that costs you time and money. And to top it all…

Thinking Of Passing Credit Card Fees To Customers? Think Again

Thursday, December 17th, 2015

“The check is in the mail” is an excuse that most business-to-business (B2B) companies don’t miss. In today’s economy, electronic payments of all kinds have made it easier and more convenient for your customers to pay you. For the most part, businesses embrace the change, but one element of electronic payments is a fly in…