News Roundup for Small Businesses: Issue 9, April 4th

Views: 12

Employers are using robots to catch fraud in expense reports

 

News Roundup for SMBs is a new series we’ve started this year, with a new issue coming out every week. We’re putting together news regarding Finance, Economy and Small Business Opportunities, so you can spend less time reading up on the news and more time focusing on growing your business.



Employers are using robots to catch fraud in expense reports

The Association of Certified Fraud Examiners (ACFE) shares its findings on annual losses from fraud, that goes up to over $7 billion in annual losses, based on companies’ expense reports. What’s there to do? ACFE director recommends relying on machine learning tools instead of random spot checks, as algorithms can recognize fraud patterns in expense reports more easily and faster.

 

The Family Business Matching Older And Younger Entrepreneurs

There’s potential for success when an older and younger entrepreneur team up and launch a business. So if you’re still looking for a business partner, check out 4GenNow’s platform, a nonprofit that plays matchmaker for prospective intergenerational partnerships. You might just find your match made in (entrepreneurial) heaven.ct them with potential funders.

 

UPS Forms B2B Ecommerce Service With Inxeption

UPS, the shipping giant, is partnering up with Inxeption, a provider of blockchain-based marketing services, to create an e-commerce platform for B2B merchants. In this way, the merchants will more easily let their customers order and receive products via UPS, simplifying processes through a tailored process and easier transactions.

 

Bill.Com Partners Up With Mastercard To Improve Small Business

Bill.com, the platform helping small and midsize businesses manage their daily payment needs, is partnering with Mastercard to bring virtual payments to processing invoices. Instead of handling cash or clearing checks, which can take up days, business owners will now be able to handle their transactions online.

 

What may be ahead for small businesses

The first quarter of the year is over, and it’s time to take a breather and see how small businesses are doing and where they’re headed. That’s why it’s interesting to take a look at the MetLife-U. S. Chamber of Commerce first-quarter survey of business owner expectations. The responses show a declining optimism about the economy, with the exception of Midwest, where “overall business health has improved”.



Find out how we
can help your business

Find out how we
can help your business

All our work is 100% confidential. We don’t share your information with 3rd parties that aren’t involved in the collections process, and we definitely will not make it public that your company applied for debt relief.

Fill out the form and get a Free Review

Don’t wait until it’s too late.
Call us today for help!

TOLL FREE 877-312-6478