Economic indicators continue to send mixed signals about the health of the U.S. economy. In this uncertain environment, proactive and forward-thinking business owners are looking for every opportunity they can find to increase efficiency and optimize working capital by consolidating processes and resources.
In their efforts to streamline their accounts payable process, savvy companies are utilizing lockbox services from their bank. Payables lockbox enables companies to use the same technology that has been around for decades on the receivables side to improve the accounts payable process and make it more efficient.
Having a smart business expansion plan is critical to the success of growing your business. Learn more about how to strategically plan for expanding into new markets, creating new products, and more.
Measuring key performance indicators (or KPIs) has become a useful management analysis tool at many mid-sized companies. KPIs are metrics that help companies monitor financial performance and measure their progress toward meeting specific financial goals and objectives.