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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 …

‘Take 5’ to Shield Your Business Against These 5 Types of Social Engineering Attacks

May 2, 2023 Business insights

Technology can do wonders for your business, but it can also leave you open to many types of social engineering attacks if you don’t take the necessary precautions. Is your business prepared to recognize and fend off these attacks? Let’s unpack some common social engineering scams and how to prevent yourself from becoming another statistic. You …

Business Email Compromise: How BEC Scams Can Threaten Your Business

April 3, 2023 Business insights

Business email compromise scams—also known as BEC scams—can do untold damage to your company and reputation. Recognizing compromised emails is the difference between safe guarding your business or becoming a victim. Learn more about BEC scams and how you can protect your business and your bottom line. Business email compromise scams—also known as …

Evaluating and Managing Cash Flow

July 5, 2022 Business insights

When operating a successful business, understanding what impacts cash flow within your organization is key. Below are several areas to help monitor your cash flow, and provide guidance on how to fix issues over time. By considering the following, you will be able to respond to changes in a timely manner and properly plan for future …

The Five C’s of Small Business Financing

July 5, 2022 Business insights

Every business owner’s story is unique, yet many will reach a point where they ask the same question – how can I help my business grow? Sometimes the answer to that question is a loan, and knowing ahead of time what lenders will look for can help you simplify the process and secure financing faster.   A business loan or line of credit could …