Blogs

Discover the many ways your business can benefit from a streamlined and secure payments process utilizing electronic payments. Hear from our clients and team as they share insights and strategies that can positively impact a company’s bottom line. Our client panel includes: A large Construction company located in the West who developed a payments strategy by implementing fraud tools and transitioning to Commercial Card for payments to key vendors. A Midwest lumber supplier who has gained significant efficiencies by streamlining their AP process across multiple payment types using Integrated...

Over and above raising your earning potential, diversification spreads potential risks over a wider base and reduces cash flow bottlenecks. And while agritourism can add a further revenue stream, it could also raise your main source of income—both through direct sales to the public and by putting a face to local wares. Agribusinesses have been challenged in recent years by labor shortages, supply-chain disruptions, and transport bottlenecks, not to mention a rash of extreme weather events. For horticultural sectors in particular, inputs such as fertilizer, seed, and equipment have become...

In 2022, American agribusiness leaders face a reefer container shortage forcing them to once more re-examine distribution logistics. What strategies can help agribusiness leaders navigate the reefer container shortage and maintain profits in 2022? The Covid-19 pandemic brought global trade to a standstill. While some businesses weathered the storm fairly unharmed, knowing their products were safe in storage, others—like American agribusinesses—wore their concerns on their sleeves. Temperature-sensitive and seasonal products would perish if they couldn't get to the shelves and eventual...

Internal Fraud is the misuse of an organization’s resources or assets conducted by a malicious insider. This individual could be a current or former employee, contractor, or other business relationship who has knowledge of or access to the processes and/or systems within an organization. Due to their knowledge, the fraudster can bypass organizational security measures through legitimate means. Industry Concerns According to the AFP Payments Guide 1: Combating Fraud in a Remote Working Environment “A somewhat alarming 2019 study of executives from mid-sized companies, $50 million to $3 billion...

Exercise bikes and computer chips can wait on ships for weeks, but nuts and fruits have a more limited window. How can agribusiness owners better prepare for 2022? Fewer chestnuts roasted over open fires this holiday season. While the global shipping crisis has made it difficult to import needed materials, exporting finished products has become just as tedious. The California nut industry saw a massive drop-off in exports at the end of 2021. In the fall of 2021, walnut producers exported 47% fewer nuts in the shell and 16% fewer shelled nuts than the same season in 2020. Furthermore, almonds...