MoneySmall Business

What Is Supply Chain Management (SCM)?

Supply chain management, or SCM, is the process of managing and transforming all of the inputs that your business needs so you can successfully create products or provide services, attract and satisfy customers, and compete in your market. Giant corporations that can buy up…
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How Your Business Can Accept ACH Payments

An ACH transfer uses the “automated clearing house” network to process payments directly to and from bank accounts. You might never have heard of ACH, but you’ve probably used it for direct deposit, utility payments, Social Security benefits or tax refunds. The ACH…
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Credit Card Fraud: What Small Businesses Can Do

Credit card fraud is the unauthorized use of a credit card. While cardholders can often avoid the financial liability for unauthorized transactions, it can come at a high cost for businesses, especially those accepting in-person payments on older card readers. The liability…
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4 Reasons to Switch to Online Invoicing

For decades, businesses have relied on paper or PDF invoices to get paid, juggling manual processes and slow customer responses. Now, that’s starting to change. Many small-business owners are turning to online invoicing to speed up customer payments. Over the past 10…
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What Is Fintwist?

Fintwist is a payroll card company that allows employers to provide multiple employee benefits, including paycard payments and on-demand wage access. The products are geared toward employers with hourly workers — including full-time, part-time and contract employees —…
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What Is Inventory and How Does It Work?

Inventory refers to both the goods and products a business sells, as well as any raw materials that the business uses to make those products. Of course, no two companies’ inventory looks alike. Some businesses — such as restaurants, for example — have inventory that…
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BPP Insurance: What It Is, Who Needs It

Business personal property insurance, or BPP insurance, can pay out to help you repair or replace items your business owns, including machinery, furniture and inventory. This coverage is part of business property insurance policies. Most businesses need property insurance as…
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Business Loan Broker: Do You Need One?

Finding and applying for business financing can be time-consuming and complicated, especially if you don’t have much experience with the process. Business loan brokers can save you time, offer industry knowledge and hopefully help you get the best small-business loan…
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Best Business Credit Cards for Balance Transfers

Business owners can often save time and money by consolidating high-interest business debt onto one balance transfer business credit card. These cards offer 0% APR for a set period of time, typically nine to 18 months, allowing you to pay your debt interest-free. We’ve…
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What Is an Additional Insured Endorsement?

An additional insured endorsement changes an insurance policy to expand coverage to a person or organization that isn’t named in the original policy. You may need to add other parties to your business insurance policy if you lease space or work as a subcontractor. To break…
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How to Get E&O Insurance for Insurance Agents

Errors and omissions, or E&O, insurance can protect insurance agents from a slew of financial risks, such as mistakes in their work or missing deadlines that affect client coverage. Here’s how it works and what to know about getting E&O insurance for insurance…
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What Is a Third-Party Payment Processor?

A third-party payment processor is a provider that allows a business to accept payments without opening its own merchant account, a bank account needed for holding money earned from card payments. These processors generally offer fast setups, charge flat-rate fees and…
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CoverWallet Online Insurance Brokerage Review 2022

CoverWallet is an online insurance broker that allows small-business owners to get quotes from several different insurance companies at once. CoverWallet isn’t a business insurance provider itself. If you’re searching for cheap business insurance, CoverWallet may save…