by Tom Claybaugh, President, MSCCM | Oct 26, 2016 | Risk Management
Despite your best efforts, an unavoidable part of doing business is the occasional uncollectible account. Although every business owner wants to avoid this and does her or his best to do so, uncollectible accounts are inevitable. These accounts are receivables or...
by Tom Claybaugh, President, MSCCM | Sep 28, 2016 | Risk Management
One of the biggest credit management risks that business leaders face is something many may not have considered: business-to-business (B2B) fraud, including bankruptcy fraud. B2B fraud occurs when a member of a business you have contracted with purposefully and...
by Tom Claybaugh, President, MSCCM | Aug 16, 2016 | Risk Management
A credit report evaluation is a good first step in your credit review process, allowing you to see if a new customer is worth the risk. It can certainly offer valuable information, but to take this review a step further, you’ll need to look at the company’s financial...
by Tom Claybaugh, President, MSCCM | Jul 13, 2016 | Blog Posts, Risk Management
When we think about credit management, it’s easy to get focused on the day-to-day operations of sending invoices and collecting payments. It can be hard to see the forest through the trees, so to speak.But if the recession of 2008 taught credit managers and...
by Tom Claybaugh, President, MSCCM | Apr 26, 2016 | Credit Account Management, Risk Management
This spring, the consulting and research firm Deloitte produced a report that revealed a shocking statistic: As many as one-third of all oil and gas producing companies are at risk for bankruptcy in the coming year.1 Analysts at Reuters explained that although oil...
by Tom Claybaugh, President, MSCCM | Apr 14, 2016 | Blog Posts, Risk Management
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...
by Tom Claybaugh, President, MSCCM | Apr 6, 2016 | Blog Posts, Credit Account Management, Risk Management
Experienced credit managers frequently deal with joint check agreements, and you already probably understand that you need to treat such agreements on a case-by-case basis. But it takes time to gain the experience needed to determine whether a particular agreement...
by Tom Claybaugh, President, MSCCM | Feb 11, 2016 | Risk Management
If you’re like most of us and have filled your car’s gas tank in the last few months, you’ve noticed significant savings; you might have even driven away with a smile. No one minds paying a bit less at the pump.Unfortunately, low gas prices don’t just affect our...
by Tom Claybaugh, President, MSCCM | Sep 29, 2015 | Risk Management
For businesses working to maintain a healthy cash flow, managing what goes out is just as important as managing what comes in. A balanced purchase-to-pay (aka procure-to-pay or P2P) cycle is essential.However, mistakes in the process can be costly and can affect your...
