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Article | 3 min |
Business owner holding up his credit card
Between costs like rent, inventory, and payroll, it can be hard for businesses to cover expenses. Even if you have enough cash on hand to fulfill your obligations, an unexpected cost could derail your operation. Could a business credit card help? High interest rates might make you hesitant to open up a credit card for your business; however, obtaining a business card can be advantageous in certain circumstances. But before determining if this financial tool is right for your business, you first need to know its ins and outs. Why Should a Small Business Have a Credit Card? The idea of charging...
Article | 5 min |
Wondering what your aging accounts receivable report can reveal? Uncover five pivotal insights to gain a deeper understanding of your financial landscape. Before we dive into how you can use your aging AR report, let’s establish what it is and what it can tell you about your company. An aging accounts receivable report is a business report that shows customer payment status against current invoices. As a management tool, it’ll tell you when specific customers become credit risks and if your company should continue the relationship. The typical AR report has columns broken into 30-day segments...
Article | 5 min |
Streamlining payments involves refining the management of money flowing in and out of your business. It could include reassessing your payment strategy or even upgrading your treasury management solutions. When done effectively, optimizing your payment processes may improve customer experiences, enhance security, optimize cash flow, and reduce costs. This guide walks you through how to optimize your payment processes, beginning with assessing your current system. We also look at ways you can spot financial inefficiencies in your operations. Finally, we provide an overview of how you can...
Article | 7 min |
In the complex and fast-paced modern business world, you need an advanced set of treasury solutions to keep your information secure, increase your operational efficiency, and improve your cash flow. Read more on how treasury solutions can help improve your productivity and simplify workflow. In the modern business world, convenience is an expectation. Many seek efficiency, especially when it comes to speeding up the administrative side of your business accounts. Treasury solutions are at the forefront of improving productivity and simplifying workflow. Outdated systems can significantly impact...
Article | 8 min |
The economic forecast may be uncertain, but preparing for potentially inflated rates is the smartest course of action. Liquidity management is a lot of work, but the benefits can help your business thrive rather than survive. Learn more about how you can keep your business afloat in every season. A fluctuating economic environment, such as the one we’re currently experiencing, has historically pointed toward the imminent possibility of a recession. While forecasts aren’t 100% reliable, proactive leaders should prepare for future economic turmoil by reimagining their company’s liquidity...