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SMBs Shift Their Cash Management Strategies

PYMNTS

According to Swift Prepaid Solutions , the majority of businesses that have sought financing in the last 18 months prioritize the ability to receive loan payouts in a prepaid account, followed by ACH payments to their bank accounts. ” Forty-six percent of small businesses were cash-flow negative last year , new Xero research found. .”

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Survey Reveals: The Top SaaS Solutions Redefining Finance Departments in 2024

The Finance Weekly

Surprisingly, Excel was the number one solution, despite being the nemesis of IT professionals. As anticipated, smaller companies with up to 150 employees tend to prioritize productivity. This often involves replacing outdated ERP systems or implementing new cash management solutions.

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J.P. Morgan Looks Toward Payments Modernization

PYMNTS

Whether businesses were establishing their modernization roadmaps for the first time or simply accelerating the plans they already had in place, the COVID-19 crisis drove organizations to embrace technology at unprecedented levels in order to manage a remote workforce, supply chain disruptions and economic uncertainty.

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CFO for Manufacturing Companies

Michigan CFO

However, if your CFO possesses deep manufacturing experience, then you can better prioritize investments that provide tangible business benefits. Financial Planning: Better manage the operational components of cash management, borrowing, restructuring, and equites raises. Business Strategy Leadership.

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The Rise Of ‘Intelligent Engagement’ In Corporate Banking

PYMNTS

The digital transformation across any number of verticals — from retail to healthcare — has fostered a consumer mindset that demands deep engagement, speed and convenience. He said treasurers are interested in the prioritization of simplicity and usability over features, and integration and interoperability are top of mind.

Banking 81
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For Community Banks, Big Business From Small Business Credit Cards

PYMNTS

In a startup, a community bank may be brand new to credit card issuing and might have decided to enter this space for any number of strategic reasons. This uptick in growth stems from what ICBA Bancard terms “startup” and “start over” programs. To surmount hurdles in offering small business cards, ICBA Bancard has two options.

Banking 47
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When CFOs’ Worries Are FinServ’s Worries, Too

PYMNTS

The report found a 30 percent increase in the number of CFOs that said they plan to tighten their spending and investment ventures to remain profitable compared to last year — the largest year-to-year increase on the globe. Two-thirds said prioritizing cash flow is more important than it was in 2015.

CFO 40