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 | Apr 20, 2021 | Risk Management
As the pandemic wanes and organizations gradually get back to business as usual, business as usual may not be the same as it was prior to the arrival of COVID-19. Employees who suddenly found themselves working from home may now be reluctant to trade in their pajamas...
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 | Feb 20, 2020 | Risk Management
Invoice disputes can interrupt cash flow and take time and effort to resolve. They also can damage relationships, if not handled properly. Here are some tips for managing your invoices and related disputes to reduce the impact they have on your business. Be proactive...
by Tom Claybaugh, President, MSCCM | Sep 12, 2019 | Risk Management
Is excessive overtime a financial burden for your credit department? Does your sales department complain about the length of time the credit approval process takes? Is your Days Sales Outstanding (DSO) higher than it should be because you don’t have enough staff to...
by Tom Claybaugh, President, MSCCM | Dec 27, 2017 | Risk Management
Do you ever find yourself with no one to turn to when asking credit-related questions? Do you wish you had someone with whom to discuss credit lending ideas? Do you find yourself wishing you had a direct helpline to a collections professional? You’re in luck! The...
by Tom Claybaugh, President, MSCCM | Dec 18, 2017 | Risk Management
Some of the best advice we could ever give is for credit managers to avoid risk by taking proactive measures — instead of being reactive. What we mean by this is we encourage all credit managers to use the many available tools to make informed lending decisions before...
by Tom Claybaugh, President, MSCCM | May 17, 2017 | Blog Posts, Risk Management
Odds are your firm is losing money because of fraud. Whether perpetrated through supply chain schemes, identity theft, insider activity, or other means, fraud is prevalent and you need to fight back. Research shows why businesses need to devote more attention to fraud...
by Tom Claybaugh, President, MSCCM | Jan 31, 2017 | Risk Management
The start of a new year is always a good time to review your credit management and collections policies. Are your systems functioning properly? Are you managing risk in a way that makes sense for you and your business? If you answered “no” or aren’t...
