Cloud technology is becoming increasingly popular among business owners with about 44% of traditional small businesses using cloud infrastructure and hosting services, according to a study from TechRepublic. It's also predicted the public will host... (Read More)

As we continue to experience the rapid digital transformation happening globally, the payment processing universe for the heating fuel industry is not left out. At Richmond Financial Services, we are well-positioned to guide you through these trends... (Read More)

Contrary to popular belief, addressing late payments does not have to be a negative process for business owners and accounting teams. With the proper preparation, planning, and professionalism, it's a streamlined way to let customers know your... (Read More)

Small business owners may be reluctant to give up older payment techniques that aren't streamlined or paperless because that's what they're familiar with. Although it's easier to stick to what you know and put off upgrading your payment technology... (Read More)

Despite popular belief, faster payments don't always mean more fraud when the payments are closely monitored. The rise of instant payments where funds can be available within ten seconds of a payment order being made, has caused wide speculation on... (Read More)

Artificial intelligence is becoming more common in the B2B space because it helps streamline payment processes and, most importantly, increases payment speeds so business owners no longer have to worry about cash flow. Although this is still... (Read More)

Virtual cards replace your credit card in a virtual form rather than a physical one. When using a virtual card, you're given a unique number to share with businesses instead of your actual credit card number, effectively protecting your privacy... (Read More)

Constantly monitoring a company's cash flow and financial stability is a big job for executive teams and often takes up many hours in the day. Many executives looking to focus on other tasks throughout the day opt into spend management automation... (Read More)

Late payments impact B2B business owners significantly because they need revenue to keep their business running and employees paid on time. Late payments make cash flow management nearly impossible if you're a small business owner or... (Read More)

Payment processing fees are a pain for business owners, especially when they become significant monthly expenses. Most SMBs in the B2B space have goals to cut down their payment processing fees over time, but lack direction on how to tackle this... (Read More)