Environmental

Anyone working in a small to medium sized business knows that one of the biggest pain points is managing vendor payments. As a Treasury Management professional, our team regularly visits Accounts Payable (AP) departments only to find their AP clerks overwhelmed with paper and multiple processes to manage payments. While 2019 was the year of person to person (P2P) payment growth (think Venmo, Zelle, etc.), it's predicted that 2020 will be a year of disruption for business to business (B2B) payments. With so much digital advancement in the recent past, AP departments are now primed to take advantage of automated solutions to streamline their processes.

A company's culture isn't worth the piece of paper it's written on if your leader is crumpling it. When a bad boss is aboard, employees feel browbeaten and defeated.

On December 20, The SECURE Act ("SECURE") passed into law as part of a budget bill. SECURE drastically alters retirement account distribution requirements for a beneficiary inheriting a retirement account.