Blogs

Article | 5 min |
Businesses across the U.S. display a great deal of resilience as many challenges from 2023 have spilled over into 2024 and new obstacles have left some business leaders uneasy. As businesses continue to face economic uncertainty and fraud attacks remain on the rise, having a reliable banking partner on your team to help guide decision-making will allow you to manage with confidence. In compiling survey results from our clients and reviewing reliable sources, we have created the Financial Feed to provide our market with valuable insights on the future of finance. In The Report: Strategies on...
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 | 5 min |
The end of the year can be an ideal time to look back at the progress your company has made and celebrate the collective effort that helped you reach your goals in the past year. After all, a key way to boost morale is to recognize past successes. But at the same time, it’s also helpful to start thinking about strategies for long-term business goal setting. Did your company miss any benchmarks this year? Gaps in your high-level strategic planning for the past year’s cycle are likely to blame. So, to bring about scaled growth, you’ll want to consider improving internal goal alignment across...