Blogs

Article | 5 min |
Executives meeting to create an action plan
You’ve invested countless long, hard hours in building a stable, profitable business with a bright future. But negative economic forces can strike at any time, destabilizing your finances and possibly even endangering the survival of your business. This is one of the main reasons it’s so important to build and maintain healthy cash reserves. Cash reserves serve many important purposes including helping business owners meet unexpected expenses while also stabilizing cash flow and easing overall financial stress. This guide to cash reserves explains why it’s so important for a business to have...
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 |
To thrive in 2023 and beyond, many executives have realized the importance of pivoting toward technological innovation. Treasury management solutions are one of many ways your company can grow by tracking its operational finances and commercial commitments more efficiently. Automated software helps companies track real-time data for liquidity, cash and debt management, cash-flow forecasting, and payment reconciliation. Treasury management solutions also streamline your accounts payable, avoiding costly late fees and interest charges. Some business leaders think they’re saving money by leaning...
Article | 5 min |
Making Integrated Payables Work: How to Help Your Money Do More If you’re still running manual payment processes, you may be leaving money on the table. Learn how treasury processes like integrated payables have a direct impact on both your cash flow and vendor relationships. Treasury processes like integrated payables can have a direct impact on both your cash flow and vendor relationships. And yet, many accounts payable (AP) departments rely on manual, unintegrated systems to manage multiple workflows with different files. This lack of automation can cause errors, late payments and other...
Article | 5 min |
Cash flow management is crucial for the success of your small business. By understanding your inflows and outflows and anticipating common cash flow pitfalls, you can leverage best practices and make better-informed, data-driven business decisions. As a small business owner trying to survive these turbulent economic times, being strategic with your cash flow is essential. When small businesses fail, poor cash flow management is often a contributing factor, if not the primary factor. While it does take time and energy to track the money coming in and out of your business, failing to do so means...