by Tom Claybaugh, President, MSCCM | Dec 23, 2021 | Commercial Credit Management
When evaluating the creditworthiness of a business, it’s common for lenders to check its credit score. Commercial credit ratings are an easy shortcut to a lot of financial information regarding a potential partner, and it gives a clear picture of the risk involved in...
by Tom Claybaugh, President, MSCCM | Aug 31, 2021 | Commercial Credit Management
Construction is an incredibly complex industry — especially from a financial standpoint. It’s credit heavy and full of hidden complications. When managing credit for construction, it’s essential to be aware of the risks. Hidden losses In the construction industry,...
by Tom Claybaugh, President, MSCCM | Jun 22, 2021 | Commercial Credit Management
Not every B2B company chooses to offer commercial credit, but if done correctly, there is substantial benefit. Commercial credit can increase a company’s customer base, boost cash flow, and improve customer relationships. But extending credit comes with inherent...
by Tom Claybaugh, President, MSCCM | May 21, 2020 | Commercial Credit Management
Artificial Intelligence (AI). It’s a hot topic, and to some, it’s can be a scary topic. The movies have not always portrayed AI in a very positive light, and in the workplace, many people are apprehensive that it might put them out of a job. In reality, AI has great...
by Tom Claybaugh, President, MSCCM | Oct 10, 2019 | Commercial Credit Management
Most businesses today rely on extending credit to its business account customers. Unfortunately, there is always risk involved in lending, and it’s up to the lending company to perform due diligence before extending credit. One good source for information that will...
by Tom Claybaugh, President, MSCCM | Jul 14, 2017 | Commercial Credit Management
Do you have past-due credit accounts that you’ve tried everything to collect on? Perhaps you’ve given debtors reminders, warnings, written demands, calls, and maybe event in-person visits — but you still aren’t getting any responses. To get the most out of your...
by Tom Claybaugh, President, MSCCM | Mar 29, 2017 | Commercial Credit Management
Many company owners take time to develop onboarding plans for their new hires. This onboarding generally includes an overview of the company and employees’ new roles as well as on-the-job training sessions to familiarize employees with their new positions. Too often,...
by Tom Claybaugh, President, MSCCM | Feb 16, 2016 | Commercial Credit Management
As an experienced credit manager, you probably know the criteria you use to extend a line of credit like the back of your hand. Your decisions are probably based on deep experience and a highly tuned intuition that you’ve earned over the years.But, despite all your...
