We get it. It's impossible to stay on top of every expense management story, so we've got you covered. Keep reading for a recap of this week's top back office-related news that you can't afford to miss.
Why It's Time to Start Thinking About Holiday Cash Flow—Now
According to a recent USA Today article, 40 percent of holiday shoppers begin the day after Halloween. What can finance do to prepare for the inevitable wild cash flow fluctuations during the holidays? Abrams offers a few solutions so your money won't be tied up:
1. Incentivize customers to spend early with pre-holiday sales.
2. Get paid faster by accepting credit cards and mobile payments and reduce billing.
3. Pay later by negotiating vendor terms.
Key Growth Strategies for SMBs
Trying to do it all, hiring the wrong people and ignoring key financial metrics are three reasons SMB owners struggle to grow their business. Find out a few growth strategies that actually work. Check out the full story.
Special Olympic Volunteers Get Gold in Operations
Northern California's Special Olympics Chapter relies on generous donors, volunteers and dedicated staff members to ensure their 19,000 athletes are able to compete. Find out how they do it. Check out the full story.
Commercial Card Companies and Lenders Work Together to Improve SME Cash Flow
Entrepreneurs are increasingly looking at cards, rather than bank loans, to fund their businesses. It seems that this reality would increase competition between commercial card companies and lenders. PEX CEO Toffer Grant and Ned Elton, chief growth officer, recently spoke with PYMNTS.com about how PEX's integration with eCaptital is changing that. Check out the full story.