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By:
Stephanie Perry, Senior Vice President and Director of Cash Management July 30, 2018
Business owners and their banker often spend time talking about how to obtain the best loan, interest rates and terms, but it is also important to discuss the fundamentals of running an efficient operation from a deposit perspective. Cash management services are a key component to improving the cash flow process and they can also be a valuable tool in fraud prevention. Here are a few cash management services to consider that can help increase efficiency and mitigate fraud.
E-services – Online banking services have valuable tools to streamline the payable and receivable process such as Automated Clearing House (ACH) transactions….
If you are like many small business owners, you are optimistic about your company’s future growth prospects. Several surveys have reported the vast majority of businesses with less than $5 million in annual revenue are extremely confident in their business growth in 2016. That growth can create a need for additional employees, more inventory and new office space. This all leads to a need for capital.
For small business owners who are unprepared, obtaining financing can be a barrier to realizing that growth. It has been reported that only a third to a half of small businesses succeed in getting…
