/ Articles by Max Lillard

Many companies have seen success offering subscription services in recent years, and your business might be considering hopping on the bandwagon in the hopes of easily generating new sources of revenue. These models are increasingly popular, but before your company gets lost in the hype, it’s important to consider how consumers really feel about subscriptions.

Millions of student-loan borrowers in America resumed repayments last month. While some economists say this will put a relatively small dent in annual consumer spending, households will no doubt feel the squeeze.

Looking to the new year, small and midsize businesses (SMBs) continue to face many of the same economic challenges they grappled with in 2023. Interest rates remain high, inflation still plagues the economy, and it’s very likely that a recession is unavoidable. Ensuring that every dollar is well spent is more important than ever, and using financial software to its fullest can help organizations increase efficiencies and save across the board.

Leveraging digital payments used to be much more difficult for small and midsize businesses (SMBs). Unlike their larger competitors, they lacked the talent and technology required to fully support these systems. But the introduction of new real-time payment options like FedNow, alongside the growth of the digital economy during the pandemic, have slowly eroded these barriers.

Stormy economic forecasts, stubborn inflation, and record-high interest rates have led to one of the most turbulent commercial real estate (CRE) markets in years.

Despite shaky economic conditions and pressure within organizations to cut down on travel costs, business travel is making a comeback. A recent Capterra survey found that 46% of business travelers report going on more trips compared to before the pandemic and that a majority of employees are adding on personal vacation time to trips.* However, more than half of travelers feel that travel is only getting more expensive, underlining the need for companies to revamp their travel and expense policies or risk burning cash due to outdated or inefficient processes.

Financial technology—commonly referred to as fintech—is becoming more and more consumer-oriented every day. From mobile apps that let users invest with a single tap to easily accessible educational websites built around financial literacy, consumers have more resources than ever to handle their financial needs.

Artificial intelligence (AI) and machine learning (ML) technologies have rapidly advanced in the last few years, offering small and midsize businesses (SMBs) new ways to augment and streamline their finance operations as the software becomes more accessible and affordable.

Compared to their larger competitors, small and midsize businesses (SMBs) face a variety of obstacles when it comes to securing traditional financing—such as a line of credit or a loan—from large or international banks. Especially in an economy where inflation is the highest it’s ever been in decades and a recession looms large.