Small Business

Helpful “codes” explain the score

Posted on Aug 09 2011 by

In the holiday favorite, “A Christmas Story,” Ralphie drinks an ocean of Ovaltine in order to receive a Little Orphan Annie decoding ring. He uses this to finally decode the cryptic messages he tracked from the end of each episode of his favorite radio show. It turns out that all his hard work was to […]

Business collections prioritization: check out Experian’s second phase in a two phase approach.

Posted on Aug 08 2011 by

In a previous post I advanced the first of a two phased cross matrix approach to prioritizing commercial collections.  In this second post in a two part series, I’d like to expand on this idea. Phase 2 – Collection Priority Intelliscore and Activity Age Indicator   In a previous post, I advanced the first of […]

Are you using a “dull” risk score?

Posted on Aug 05 2011 by

I have especially fond memories at this time of year of working with my grandfather as a painting apprentice during my summer vacations growing up. One of my jobs as an apprentice was using a putty knife to scrape the cracked old paint off of window sills and then sanding and priming them before applying […]

U.S. debt ceiling and small business borrowing – is it the same?

Posted on Aug 04 2011 by

It was hardly possible to go a day over the past few months without hearing about the squabbles in Washington D.C. regarding the debt ceiling and the budget deficit.  Thankfully the issues have been resolved, albeit temporarily.  I thought I would take a moment to draw the corollaries that this debate has with the small […]

Your small business is like a person; it needs credit to succeed

Posted on Aug 03 2011 by

You’ve got a great idea, the capital and the know-how to make it happen. Yet entrepreneurial success also depends on something else many small business owners don’t pay enough attention to: your business credit profile. Here’s a tip! Just as your personal credit rating has a big impact on your financial health, your business credit […]

Commercial Collecting on a Dime

Posted on Jul 27 2011 by

When you’re on a tight budget, you definitely want to get the best bang for your buck. One way to do this is to evaluate your commercial collection process. For instance, start with deciding which accounts you go after first. By prioritizing your collection efforts, you’ll save a lot of time and recover your money […]

When was the last time you reviewed your credit policy?

Posted on Jul 26 2011 by

Credit policies are like a plant grown from a seed. They need regular review and attention just like the plants in your garden to really bloom.  A credit policy is simply a consistent guideline to follow when decisioning accounts, reviewing accounts, collecting and setting terms.   A couple of key items to consider in reviewing  […]

Explaining Experian’s Corporate Hierarchy Linkage – Part 1

Posted on Jul 22 2011 by

In prior posts I have discussed Experian’s data model and how the data model allows us to keep our commercial file up-to-date and accurate.  Today, I’ll explain how we leverage our data assets and technology infrastructure to make Corporate Hierarchy Linkage available to customers.  I’m sure no one will be surprised to hear me say […]

Google+ and mobile for the SMB.

Posted on Jul 21 2011 by

In the past month there have been two  Google services that I’ve been keeping an eye on.  First was Google+.  I’m happy to say that I’m one of the 18 million users on the newest social media network.  The first week it came out, I was asking everyone I knew for an invite!  I was […]

What drives a business credit score?

Posted on Jul 20 2011 by

You may be familiar with your personal credit score, but do you know what factors drive a business credit score? The top three are trade, trade, and more trade information. You see, the number and percentage of trade credit lines that are considered delinquent or severely delinquent can have a major impact on your business’ […]