by Tom Claybaugh, President, MSCCM | Feb 10, 2022 | Credit Management
It should go without saying that payment is a critical piece of any commercial transaction, but the inefficiency of B2B payment processes does little to reflect their importance. Today’s businesses have options for modernizing, streamlining, and optimizing their...
by Tom Claybaugh, President, MSCCM | Apr 27, 2021 | Credit Management, Risk Management
Managing your company’s B2B credit risk is crucial for ensuring the financial health of your business. One of the best and most efficient ways to do that is through a credit risk rating system to help you make quick, sound lending decisions. If you don’t have a risk...
by Tom Claybaugh, President, MSCCM | May 7, 2020 | Credit Management
When extending credit to a customer, the payment terms often will depend on the current economic climate. When times are rough, such as a recession or slow down, customers may need extra time to pay their invoices. In uncertain times like what we are experiencing with...
by Tom Claybaugh, President, MSCCM | Feb 6, 2020 | Credit Management
Every business is vulnerable to risk as a result of its supply chain — from the companies it works with to the products and services it relies on and produces. So when your credit department is considering extending credit to a business, it’s important to dig deeper...
by Tom Claybaugh, President, MSCCM | Jan 9, 2020 | Blog Posts, Credit Management
When businesses extend credit to commercial buyers, they are assuming a certain amount of risk, which is mitigated through sound credit risk management policies. Regardless of how diligent your credit approval processes are, you will inevitably have businesses that...
by Tom Claybaugh, President, MSCCM | May 30, 2019 | Blog Posts, Credit Management
Does your company offer lines of credit to customers? Being able to conduct business by providing customers with credit options opens your company to important opportunities for better business relationships, cash flow, and growth. But that’s only if your credit...
by Tom Claybaugh, President, MSCCM | May 16, 2019 | Credit Management
A business’s credit policy is an essential guide for how the business manages credit risk. However, if you don’t document your policy clearly, different people may understand or apply it differently — which can lead to confusion, inconsistency, and even legal...
