Your Corporate Financial Challenges

As businesses grow, the challenges associated with running them grow too. You need to be focused on your business goals, not exhausting your energy worrying about things like financing, costs associated with fraud, or whether you’re ready to make the leap doing business internationally. The key to simplifying your financials is finding a bank with your best interests in mind. There are a lot of solutions out there – you need to prioritize the ones that help solve for the biggest challenges you face as a business owner.

Access to capital

You want to keep growing and expanding your business, so don’t let big expenses slow you down. With a variety of options and experienced finance professionals we have the right solution for the toughest issues facing your business.

Whether your business is facing cash flow fluctuation, you’re exploring opportunities to build, expand or buy or you’re due to update your machinery or technology, our advisors will help you weigh the pros and cons of the various ways to obtain the working capital you need to keep doing business.

Operating cost management

The day-to-day maintenance of your business is expensive, but your balance sheet and income statement are reliant on good operating cost management.

It’s necessary to regularly review your operational expenses to ensure the best pricing for cost of goods and services and to determine if it’s better to lease or own capital equipment.

In addition, imagine if your staff could focus less on manual, hours-long processes and instead on high-priority projects. By automating complex payment processes, CommercePayments^® solutions from Commerce Bank help reduce employee work hours on manual payment processes, physical storage costs, and time spent auditing. When one of your employees goes on vacation, it’s still business as usual.

Fraud and data security

Business leaders are well aware that fraud can expose confidential company information and adversely affect an organization’s reputation, in addition to potential financial loss.

While organizations need to protect themselves against the growing threat of fraud, your critical financial partners should be well aware of fraud tactics and how to recognize them. Not only should your partners help to keep your employees up to date on the latest schemes, but they should be educating your staff on how to spot fraudulent attempts to gain access or information that could compromise your company.

Globalization

Thanks to the internet and social media, the world is getting smaller. For businesses, this means the future of doing business is international. For those who choose to expand their business across seas, they may access new or untapped markets, access the latest technologies, find opportunities to reduce operating costs and pass along reduced prices to customers, access new talent and spur job creation across the globe.

Sure, taking your business into foreign countries comes with its challenges. Managing payments in different currencies, incurring tariffs and export fees, and the basics of acquiring capital and deposit accounts are just a few. Your organization needs a partner who can access the latest technology for cross-border financial management and is dedicated to staying on top of policy changes and tax laws that impact how you do international business.

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