In a recent article, we discussed the importance of gauging the return on investment companies are making in artificial intelligence. AI has become all the rage the past couple of years, but a very small percentage of CFOs have seen a clear, measurable impact from...
Corporations are investing heavily in artificial intelligence, with worldwide spending projected to top $2.5 trillion this year, according to Gartner, Inc. However, the question still remains: What value exactly are businesses receiving in return for their investments? That is, what is the ROI on AI?
A...
“It takes money to make money,” the old saying goes. For small and mid-sized businesses, making more money usually requires growth — and growth requires business capital. To obtain the capital needed to finance business growth, owners typically make a financing presentation to lenders or...
Geopolitical uncertainty has become a defining feature of the global business environment in the 21st century. Events such as the Russia-Ukraine war, escalating tensions between the U.S. and China, tariff uncertainty and instability in the Middle East have revealed how quickly supply chain disruptions can...
Many people make New Year’s resolutions at this time of year, such as to lose weight, exercise more or take up a new hobby. However, this is also a good time to make some New Year’s business resolutions. Here are six business New Year’s resolutions...
After hitting its post-pandemic peak of over 9% in 2022, the annual inflation rate has settled in at about 3%. While this is certainly better than 9%, it’s still higher than the Federal Reserve’s long-term inflation target of 2.0%. An inflationary environment tends to hit...
It has been called “the crime of the 21st century” and even identified as a top national security threat. I’m talking, of course, about cybercrime. According to the FBI’s Internet Crime Complaint Center’s (IC3) 2024 Internet Crime Report, cybercrime losses exceeded $16 billion in 2024,...
Consumer preferences for digital payments have led to a decline in check writing among Americans. According to the Federal Reserve, there has been an 82% decrease over the past three decades in the number of checks written. So it’s a little ironic that business check...
It’s not unusual during times of economic uncertainty for businesses to outsource noncore functions that don’t directly contribute to the bottom line. According to the U.S. Small Business Administration (SBA), the most commonly outsourced small business functions include marketing, information technology, human resources, research and...
How much attention do you pay to big-picture finance solutions for critical and day-to-day financial challenges? If you’re like many mid-sized business owners and CEOs, the answer is probably “not nearly enough.”
With countless priorities demanding attention – along with the occasional fire that has to...