What issues should small businesses be thinking about in 2022?
With the economy changing on a day-to-day basis, it’s important to think ahead and optimize your business cash flow. Optimizing cash flow includes streamlining your payable and receivable solutions, accessing cash and/or credit, investing any surplus cash and
monitoring all your daily needs. Adjusting to the daily economic changes with the help of your banking resources will set your business up for continued success in 2022.
How can I protect against fraud?
As technology continues to advance, so too does the need for fraud prevention. In
banking, you can monitor your day-to-day activity through online and mobile banking. Many banks offer the ability to set alerts for mobile banking, including low balance alerts or any items processing that may be higher than usual activity on the account. In addition, many banks offer a positive pay service that allows for the business to decide whether a check or automated clearing house money transfer (ACH) is paid. These are just a few examples of tools your bank has to assist against fraud.
Answers provided by Ryan McGuire, Senior Vice President of Corporate Banking at Simmons Bank. He can be reached at 314-569-7244 or firstname.lastname@example.org. The views in this article are those of Ryan McGuire individually and do not reflect those of Simmons Bank.