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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

Posts Tagged ‘risk management’

4 Ways to Improve Your Profits Through Strong Collection Practices

Wednesday, March 1st, 2017

One major challenge in extending credit to customers is maximizing collection returns. Meanwhile, you need to have strong credit policies in place to minimize risk. Here are four ways business leaders can improve their profits: 1. Analyze collection trends. Collection trends provide great data about credit policies. Chances are you’ll see both positive and negative…

Fine-Tune Your Credit Risk Management Process

Tuesday, January 31st, 2017

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 are not sure how to answer these questions, now is a good time to fine-tune your credit risk management process.

B2B Fraud: Do You Know the Signs?

Wednesday, September 28th, 2016

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 deceitfully defrauds your company by taking advantage of the credit you have lent without intent to…

Know the Red Flags of Credit Management

Tuesday, August 16th, 2016

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 statement as well. You’ll get a more…

Learn Why You Need to Understand Your Financial Supply Chain

Wednesday, July 13th, 2016

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 business owners anything, it’s that they need to be prepared…