Main Street has been getting a digital makeover in recent years, and small to medium-sized businesses (SMBs) are among the biggest beneficiaries. This crucial commercial cohort has faced challenges — ranging from navigating the aftermath of a global pandemic to managing persistent economic uncertainty. Yet...
After announcing an “abrupt” shutdown of its online bookkeeping and tax filing platform on Friday (Dec. 27), Bench Accounting said Monday (Dec. 30) that it is being acquired by Employer.com. “Your service will continue seamlessly with the platform you’ve always trusted,” Bench said in an announcement on the home page...
Thryv added new reporting capabilities to its small business software platform. The new Thryv Reporting Center provides key business metrics in a visual format and can be accessed on mobile devices, the company said in a Friday (Dec. 27) press release. The reporting capabilities offer...
Embedded lending is already reshaping how consumers and smaller businesses access credit through its convenience and flexibility. Lenders recognize the transformative potential, but they also recognize implementation challenges that could get in the way. Consumers are turning to embedded lending more for essential expenses like...
A defining trend of the past quarter-century has been digital innovation’s impact in moving business operations from reactive to proactive. Working capital, the cash flow that fuels day-to-day operations, is one of many components being caught up in this ongoing shift. Traditionally, managing working capital...
SMBs can have wildly different experiences accessing credit, PYMNTS Intelligence data reveals. This disparity is especially evident when comparing small businesses of different revenue brackets. SMBs generating more than $1 million in revenue are twice as likely to have access to business credit as those...
Payments innovations impacted small- to medium-sized businesses (SMBs) in 2024. For years, SMBs lagged behind larger enterprises in adopting digital payment solutions, hindered by limited budgets, resources and expertise. To this day, many SMBs are operating in a hybrid payment environment, balancing legacy systems with...
Small business and small farm loans decreased in 2023 as interest rates rose and lending standards tightened, according to three federal banking agencies with responsibilities for the Community Reinvestment Act (CRA). Compared to 2022, the number of small business loans originated decreased by 5.1% and...
No business wants to get paid slower. No one wants to park their financial operations with a larger company. And no one wants to pay more fees for banking and financial products. Yet, that’s the situation many small- to medium-sized businesses (SMBs) find themselves in....
