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Posts in category "Receivables Management"

04/18/2018

How can seed distributors eliminate accounting inefficiencies after the merger?

When farmers struggle to make ends meet, the first step is to lower costs. It’s a simple matter of business sense and survival. In 2013, farm income peaked. Since then, a dramatic drop in commodity prices has brought the net farm income forecast down to just over half of what it was five years ago….

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02/20/2018

What Toy Stores Can Tell Banks about AI’s Influence on Future Customer Expectations

Artificial intelligence really is a double-edged sword, isn’t it? Our society views this technology with equal parts fear and fascination. Using machine-learning algorithms to analyze the unique genetic make up of a cancerous tumor and predict the best drug therapies is fascinating. But headlines that claim robots will steal a good chunk of jobs in the…

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12/28/2017

Recap of 2017: Sharing Our Top Five Blogs From the Year

Well, the end of the year is quickly approaching which is a great time to recap another great year for our blog. I just wrapped up my fifth year of being editor of the blog and I am excited about some of the changes we’ve seen this year. We did a reorganization of the existing…

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08/11/2017

“The Times They are a-Changin;” so are receivables payments

Why its time to revisit your current receivable approaches sooner rather than later. Bob Dylan was recently awarded the Nobel Prize in Literature for the vast body of work throughout his career. His songs captured the social unrest of a nation in transition. Today, the payments landscape in the United States is also undergoing a…

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06/13/2017

Anticipating Where the Puck will be to Win Business

A $6 billion-asset-bank with 465 employees serving clients in five states, subscribes to hockey legend Wayne Gretzky’s philosophy of, ‘anticipating where the puck is going to be.’ In short, the organization closely watches what large corporates are doing to anticipate what its mid-market clients will want in two to three years; and believes that an…

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05/24/2017

Why CRM Systems Are Only Half The Answer To Better Onboarding

Banks already know the pain points in their treasury onboarding process that cause dissatisfied customers. Each step in the onboarding process at most institutions is paper-intensive and creates opportunities for redundant data, missing documentation, delays in receiving documents, errors, compliance risks, longer cycle times, customer and internal stakeholder dissatisfaction, and lost or delayed revenue. Making matters worse…

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05/09/2017

Steal the Spotlight: How Regional Banks Can Stand Out in a Crowded Banking Market

Five years ago, small banks were beating up on the big banks. That is no longer the case. The crowded banking market is a competitive landscape. Regional banks encounter additional obstacles when seeking their fair share of the lime light, which is often focused on their larger counterparts. Simply put, larger banks have the scale…

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