Enova International’s Post

Gross vs. Net deposits: what’s the difference and why does it matter for your business? 🤔 Discover which funding type works best for you and how it can impact your bottom line. Get all the details—read the guide now! Link: https://bit.ly/4epAqy0 #helcim #smallbusiness #grossdeposit

National #SmallBusinessMonth may be over, but there’s always work to do. Key is here to provide expert advice and solutions that can help speed up receivables, slow down payables, manage liquidity, and everything in between. Learn how we help businesses run better at key.com/smallbizmonth.

Stephanie Zeka Mallory, CTP is not only an experienced and knowledgeable Treasury expert but also an incredible person. It's no surprise clients shout from the rooftops how great she is. If you felt so compelled and wanted to take a peak at the Bottomline and hit that scroll down button you'll also find some tidbits from your girl, ;) In case you're a TLDR type... Four essential best practices of treasury management Whether you're a startup or a large corporation, you need to quickly, cost-effectively, and safely receive payments to fund the people, products, and profits that fuel your business.  We recently sat down with Kaitlin Guthrie, VP and Treasury Management Officer at Country Club Bank, to talk about the best practices of sound treasury operations and management. Guthrie works with companies across the metro area and says there are four essentials that every business can implement — no matter the size or industry — to streamline and secure payments and deposits. Here they are: Map and Forecast Cash Flow. Accurate cash flow forecasting is the cornerstone of effective treasury management. Use historical data, sales projections and cost calculations to develop reliable cash flow forecasts. Look at payment types, posting speeds and any friction spots that might be delaying timely payments. Automate To Accelerate. Automate as much as possible in your accounts receivable and accounts payable processes to accelerate deposits and improve your protection against theft and fraud. Diversify with Dedicated Accounts. Every business needs four separate bank accounts for security, efficiency, and redundancy: Operating; Accounts Payable; Accounts Receivable; and Payroll. Dedicated accounts provide an extra measure of structure and safety. Step Up Security. Theft and fraud scams are at record levels. Take advantage of the latest ACH and paper check security measures. Audit your cash controls and access points. Reconcile all transactions against POs, invoices and bank statements. Regularly update vendors lists, payees and account user access. Take steps today to improve your organization's financial stability and resilience by implementing industry best practices. Make sure you’re prepared to withstand ongoing threats, as well as take advantage of new growth opportunities. If you’d like to talk more about your cash management needs, you can reach Kaitlin Guthrie at 816.931.4060, or get in touch with us here.

Have you heard about Bloom Bank's Cash-Backed Facility product? You can now use your cash reserves to secure short-term, cash-secured loans for quick liquidity release. Suitable for business customers in need of large influxes of cash to meet payroll, purchase inventory, buy other supplies, and generally continue their operations. For more information on how you can benefit from this product, click here: https://lnkd.in/d-AtcRar One more reason why you should #switchtobloom #BloomBankAfricaGMB #weMakeItHappen

Still working on saving money and utilizing cash flow for your New Year's resolutions? Check out the tips in this month's Bottom Line newsletter!

The interest rate cuts bring good news for small business owners. Biz2Credit Head of Capital Markets, Tom Ritchie, CFA, says these cuts show promise for economic growth, improved GDP, and lower borrowing costs. Watch here for more analysis on what these interest rates mean for small businesses. #FedRateCut #smallbusinessloan #smallbusiness funding #financing #biz2credit

This makes it clear #SMBs need to be extra careful when picking their funding sources. 👇 If you pick the wrong lender, costs and supply chain issues become even more of a challenge than they had been before. Struggle with debt payments can often be caused by poor terms from a lender or a bank. They way business capital should be is accessible, fair, and fast! What do you think? 🤔 #GetLoot #WorkingCapital #BusinessLoans #FinancialChallenges #SmallBusiness #SmallBusinessOwner #CashAdvace #CreditLine

Is ATO debt impacting your business operations? Learn how Invoice Finance can offer a strategic solution. Our video sheds light on converting outstanding invoices into immediate cash, helping you tackle ATO debt head-on. Discover how it not only helps in debt repayment but also supports your business growth by ensuring a steady flow of readily available cash. Don't let financial constraints hinder your progress. Watch the video below to see how ScotPac's Invoice Finance can be the key to your business success! #invoicefinance #SMEfinance #SMEs #ATOdebt

Working capital loans act like a financial safety net, smoothing out bumpy cash flow. They provide businesses with the cash needed to cover ongoing expenses during slow periods, preventing disruptions. This is especially useful for seasonal businesses that experience predictable sales swings. #capital #finance #safetynet #harkenfinance

The Small Business Indices help #lenders and businesses track changes in the #SmallBusiness marketplace by providing insights into lending, default, and delinquency trends. Learn more: https://bit.ly/3Rr6Ga5 #SmallBusinessIndices