Blogs

The medical industry continues to face a labor shortage, specifically when it comes to laboratory technology and testing. These behind-the-scenes technicians are indispensable to any hospital or skilled nursing facility. Before Covid-19, lab techs were running 13 billion tests in the US each year. Add another billion SARS-CoV-2 tests on top, and you can see these labs’ pivotal role in the American healthcare system. According to The Commission on Office Laboratory Accreditation (COLA), lab tests shape about two-thirds of all decisions made by medical professionals. A dwindling skilled labor...

Making Integrated Payables Work: How to Help Your Money Do More If you’re still running manual payment processes, you may be leaving money on the table. Learn how treasury processes like integrated payables have a direct impact on both your cash flow and vendor relationships. Treasury processes like integrated payables can have a direct impact on both your cash flow and vendor relationships. And yet, many accounts payable (AP) departments rely on manual, unintegrated systems to manage multiple workflows with different files. This lack of automation can cause errors, late payments and other...

Skilled labor plays a critical role in keeping the cogs of the economy running smoothly. The manufacturing industry’s ongoing skilled labor shortage is marked by some concerning trends. While the manufacturing industry, like many others, faces challenges related to economic uncertainty and inflationary spirals, it’s also dealing with global logistics backlogs, supply chain bottlenecks, and cyberattacks. The continued loom of a talent shortage may affect the industry’s growth momentum. Lower productivity in the manufacturing sector and a reduced ability to meet customer demands are both...

Cash flow management is crucial for the success of your small business. By understanding your inflows and outflows and anticipating common cash flow pitfalls, you can leverage best practices and make better-informed, data-driven business decisions. As a small business owner trying to survive these turbulent economic times, being strategic with your cash flow is essential. When small businesses fail, poor cash flow management is often a contributing factor, if not the primary factor. While it does take time and energy to track the money coming in and out of your business, failing to do so means...

In the complex and fast-paced modern business world, you need an advanced set of treasury solutions to keep your information secure, increase your operational efficiency, and improve your cash flow. Read more on how treasury solutions can help improve your productivity and simplify workflow. In the modern business world, convenience is an expectation. Many seek efficiency, especially when it comes to speeding up the administrative side of your business accounts. Treasury solutions are at the forefront of improving productivity and simplifying workflow. Outdated systems can significantly impact...