Search Results for: cash flow challenges
Why A Data-Driven Approach to Digital Lending and Portfolio Management is Key for SMB Lenders
Small businesses in the U.S. continue face challenges ranging from recessionary concerns, to rising inflation, labor shortages, and ongoing supply-chain issues, among others. The net effect is a current SMB closure rate of nearly 38% nationally and while some of this is attributable to factors such as lack of market......
AvidXchange Automates Lien Waiver Management, Improves Payment Process in Leading Purchase-to-Pay Solution TimberScan
AvidXchange Holdings, Inc., a leading provider of accounts payable (AP) automation software and payment solutions for middle market businesses and their suppliers, announced Lien Waiver Management for TimberScan, a premium feature embedded in AvidXchange’s full purchase-to-pay solution with a seamless Sage 300 CRE integration. With Lien Waiver Management, construction industry......
New Coupa Treasury Innovations Help Businesses Reduce Financial Risks
With automated, real-time visibility into upcoming payments, treasurers improve cash forecasting to ensure business continuity Volatile macroeconomic environments have exposed vulnerabilities in the banking industry, requiring businesses to have greater visibility into liquidity and mitigate risks more quickly. New innovations announced today from Coupa Software, the leader in Business Spend Management......
As Big Banks Fall, SMBs Turn to Alternative Funding
Only 14% of growing businesses still prefer large national or international banks compared to alternative lenders, according to Capterra research As big banks collapse amidst inflation and rising interest rates, small and midsize businesses (SMBs) are disproportionately impacted as loans become more difficult to secure. Capterra‘s 2023 Financing Survey of over 450......
The Post-rate Hike World of Real Estate
As interest rate hikes taper off and major economies face the increasing possibility of an economic slowdown, what does the future of the real estate market beckon? Over the last one year or so, rising interest rates due to aggressive monetary tightening have roiled investment markets across the globe. The......
Expect Major Moves from the CFPB in 2023
Given the sharp rise of digital banking and fintech partnerships, high inflation, and rising interest rates, there is no doubt that the Consumer Financial Protection Bureau (CFPB) is stepping up oversight and discipline of traditional financial institutions. Wells Fargo and Regions Bank are just two examples of what to expect......
Zip Introduces Intake-to-Pay, the World’s First Unified Platform for Procurement
Increases End-to-End Spend Visibility and Control to Boost Operational Efficiency, Reduce Costs and Mitigate Risk Zip launched Zip Intake-to-Pay, extending its industry-first Intake-to-Procure platform to now provide sophisticated Procure-to-Pay capabilities, including purchase order (PO) management, accounts payable (AP) automation and global B2B payments functionality. Zip has created the industry’s first......
Charlie, Banking Services for the 62+ Community, Launches Nationwide
Charlie helps retirees and soon-to-be-retirees make the most of their limited resources with features including faster access to their Social Security check, competitive earnings on deposits, and no monthly fees or minimums Charlie, the new standard for 62+ banking services, launched nationwide. Charlie helps retirees and soon-to-be-retirees make the most......
Exploring The Benefits Of Fintech Data Types, Uses, And Security Frameworks
In this blog, I have covered all the peaks and valleys of fintech, its data types, usage, and security frameworks. Nothing can be crispier than this well-researched data with the immense hard work of a fortnight for this piece of color. Fintech is like a peacock that has its own......