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Primary Source of Fraud: Business Email Compromise

August 1, 2023 Business insights

Primary Source of Fraud: Business Email Comprise Email communication plays a major role in how many businesses conduct their daily operations. Fraudsters continue to adapt their business email compromise (or “BEC”) schemes, as well. While they may target an entire organization, they often focus their efforts on Accounts Payable …

Protect Your Payments

August 1, 2023 Business insights

Fraudsters Continue to Target Check Payments A large majority of organizations are still using checks for outgoing payments and checks continue to be the primary target of payments fraud. Without preventative measures in place, every check payment could be exposing an organization to fraud. AFP reported the following as tools and processes …

Optimizing Working Capital

June 30, 2023 Business insights

The Cash Conversion Cycle (CCC) measures how much time it takes for your business to convert inventory or other resources into cash from sales. Creating efficiencies with the CCC is one way to increase working capital without generating additional revenue. There are three important factors that affect your CCC: Days Inventory Outstanding …

Financial Feed

June 13, 2023 Business insights

Businesses across the U.S. displayed a great deal of resilience over the last year as they overcame various post Covid challenges. Many challenges from 2022 have spilled over into 2023 and new obstacles have left some business leaders uneasy. As the Fed continues to wrestle with inflation and the labor war carries on, having a reliable financial …

Thriving vs. Surviving? Wise Liquidity Management Moves for Businesses in All Seasons

March 13, 2023 Business insights

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 …