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Your business probably receives daily invoices for payments. Have you considered the steps, manpower and security of your payment method? Cutting a check can take upwards of ten steps and is very unsecure, while ACH and credit card are quicker and more secure. If the latter two are used less frequently, your business is probably not maximizing your accounts payables process. By developing a solid payments strategy, both your business and your vendors will benefit. You can maximize your ability to earn revenue, improve cash flow and streamline processes with a strong payments strategy in place...

Unfortunately, it’s no longer a matter of “if,” but rather “when” payments fraud will impact your business. As you look at your payment strategy, does it minimize your risk to fraud? Like many businesses, your strategy may be highly focused on check payments, the most compromised payment type. Sixty-six percent of businesses said their companies experienced check fraud as part of the 2021 Association of Financial Professionals Payments Fraud and Control Report. While other payment methods have been targets, the risk significantly decreases with others; a breakdown is below. Tools and Best...

Scammers look to take an advantage whenever they can and a popular method is to take over an email account. This can be very unnerving, but it’s important to take action immediately after you recognize that your email account has been hacked. Follow these steps to get your email account back in order: Change Password It’s crucial to change your password immediately. Fraudsters may have cracked your previous password and now have it. Changing it prevents them from getting back in. The more complex the password, the better. Use a mix of numbers, letters, and special characters to strengthen your...

Simple tips to save money every day Small changes you implement into your daily life can make a big impression on your financial health. If you’re looking for ways to save money every day without committing to a major financial overhaul, consider the following tips. Take a Closer Look Before you start saving, it’s a good idea to get a clear picture of what you’re spending each month. Examine your bills and track everything you’re buying for 30 days, recommends The Balance writer Paula Pant. The month-long review will help you understand your money habits and allow you to set a better budget...

How to get your house ready for cold weather When you own a home, it’s all too easy for winter to sneak up on you. This year, ensure peace of mind by making sure your house and property are prepared for cold weather. Each of these important indoor and outdoor maintenance steps can be done while it’s still autumn, saving you significant time and money later on. Clean the Gutters After the surrounding trees have shed the last of their leaves, thoroughly clean out your home’s gutters and downspouts. If they’re old and worn, consider replacing them as well. When the weather gets cold and wet...