Business banking, also known as commercial banking, refers to the products and services financial institutions provide to meet the unique needs of business clients. Examples of business banking products include business checking accounts, savings accounts, loans, and credit cards. Business banking can be used by companies with any organization entity, including sole proprietorships, partnerships, limited…
Ultimate Guide
What is a Pay Card: How They Work, Regulations, & Pros & Cons
A pay card (also known as a payroll card) is a prepaid debit card employers use to pay employees who don’t have bank accounts. Although regulated by federal and state law, they’re similar to direct deposits in that money is sent electronically, and setup is sometimes free. Pay cards are available from dedicated providers, banks,…
Veterinary Practice Insurance: Cost, Coverage & Providers
Insurance for veterinarians covers the risks of caring for animals, dealing with pet owners, and running a medical facility. It also helps a veterinarian if their property is damaged and they need to file a claim. It is a combination of multiple policies, including veterinarian liability insurance, malpractice, commercial property, and animal bailee insurance. The…
Cyber Liability Insurance: Cost & Coverage
If your business is the victim of a cyberattack, you will have to deal with costly expenses, such as paying for data restoration, investigations, customer notifications, regulatory fines, and legal fees. Cyber liability insurance can help mitigate the cost of the incident and provide legal counsel and defense. Cyber insurance premiums can range from $250…
Pennsylvania Business Insurance: General Liability & More
While the Keystone State played an important part in early American history, small businesses are an important part of its economy. Pennsylvania business insurance is crucial to providing financial help when a business has damage or faces a liability claim. Some key Pennsylvania small business insurance policies are workers’ compensation, general liability, professional liability, and…
Multichannel Inventory Management: Strategies & Best Practices
Multichannel inventory management is your centralized system for monitoring and updating stock levels across multiple sales platforms, such as online stores, marketplaces like Amazon, and brick-and-mortar shops. Its goal is to provide real-time, unified inventory data that helps you optimize sales, reduce costs, and enhance the customer experience. In this guide, we’ll go through the…
12 Ways You Can Use AI in Customer Service in 2024
Artificial intelligence (AI) in customer service provides businesses with workflow automation and intelligent tools to streamline and expedite customer outreach. AI tools like chatbots, data enrichment, and intelligent routing enable customer service teams to speed up case resolutions and personalize service supported by data insights. This article explains ways customer service teams can use AI…
Progressive Discipline: Policy & Tips (+ Free Sample)
A well-built progressive discipline policy is a roadmap for resolving employee issues while cultivating a fair, transparent work environment, as well as reducing legal risks. Progressive discipline is a formal company process of addressing and correcting employee-related performance and behavior issues with increasing severity. A clear progressive discipline policy outlines how the process works, providing…