Finance Archives

Steps To Improve Cash Application Percentage

Steps to Improve Cash Application Percentage
by in Columnist Spotlight | Finance

Better Payment Application Improves Cash Flow: Simple steps can make significant difference. When a payment is received by a customer or client, businesses often consider the transaction to be complete, overlooking the last step of the sales cycle — applying. The ability to apply payments to invoices correctly can be difficult for most companies for… Read More →

Credit unions grow membership, revenue

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by in Business News | Finance

Like many other industries, credit unions in Arizona are bouncing back from the economic downturn. Credit unions, which are similar to banks in the products and services that they offer except at a slightly lower cost, are taking advantage of consumer disenchantment with big banks to attract new members. According to a recent National Credit… Read More →

First Fidelity Bank offers layaway tips for Arizona residents

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by in Business News | Finance

With the economy on the upswing for the first holiday season in years, national and local retailers alike are promoting layaway plans to help Arizona families buy something special for their loved ones without breaking the bank. “A layaway contract with a reputable retailer can be a great money-saving tool for the budget-conscious holiday shopper,”… Read More →

3 Phoenix-area companies offered access to growth capital

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by in Business News | Finance | Small Biz

The Initiative for a Competitive Inner City (ICIC), Bank of America, FORTUNE and the U.S. Small Business Administration (SBA) are proud to announce that they have selected three Phoenix-area companies for their annual Inner City Capital Connections (ICCC) program. This year the program received a record-setting 5,200 company nominations from across the country and selected… Read More →

Phoenix artists tap the internet to fund creative projects

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by in Business News | Economy | Finance | Marketing | Tech

“If my life depended on it, I would die.” Safwat Saleem, 32, isn’t your average graphic designer – at least he doesn’t think so. He claims that if he had to rely on a career in art, the paint and brush kind, that he would die. This isn’t because his is lacking in talent but… Read More →

FirstSouthwest Expands Nationwide Presence with Phoenix Office

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by in Business News | Finance

Dallas-based diversified investment bank FirstSouthwest, which has served as financial advisor on more bond and note transactions in the past ten years than any other firm, ranking No. 1 nationally for nine of the past 10 years according to MuniAnalytics, today announced the firm expanded its nationwide presence with the opening of a new office… Read More →

When to form a family office

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by in Business News | Featured | Finance

The family office model has existed for centuries, beginning with European families and later adopted by American industrialists, like the Carnegies, Phipps and Rockefellers. GenSpring Family Offices improves upon the family office model in three ways: creating a multi-family office with multiple locations; advising on all elements of wealth and providing sustainable wealth management. Each… Read More →

Resolute Commercial Services’ Foster Named JA Board Chair

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by in Business News | Finance

Jeremiah Foster, principal and founder of Resolute Commercial Services, has been named board chair for Junior Achievement of Arizona.  As board chair, he will oversee the 48-member board of directors and lead the organization’s governance and policy strategies. In addition to his involvement with JA, Foster, a Scottsdale resident, is active in the community through… Read More →

National Bank of Arizona Hires New Business Banking Manager

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by in Business News | Economy | Finance | Small Biz

National Bank of Arizona (NB|AZ) announced the hire of new business banking manager, Ward Hickey. Hickey has more than 25 years of experience in the Arizona banking industry, specializing in entrepreneurship, business development and small business administration (SBA) lending. “I am thrilled to join the NB|AZ team,” Hickey said. “I’m looking forward to expanding the… Read More →

Arizona Commerce Authority gets new CEO

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The Arizona Commerce Authority — the state’s economic development organization — is finally getting a new CEO to replace Don Cardon. The ACA is charged with creating jobs and boosting the state’s economy. The Arizona Commerce Authority board voted unanimously Tuesday to have a board committee negotiate a contract with Sandra Watson, who was chief… Read More →

GenSpring ranked among nation’s top wealth managers

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by in Business News | Economy | Finance

GenSpring Family Offices, a leading wealth management firm for ultra-high net worth families with an office in Phoenix, has been ranked by Barron’s in the top 40 of all wealth managers in the U.S. GenSpring ranked at No. 33 in Barron’s annual ranking and was recognized for its “open architecture” which offers clients “significantly more… Read More →

IO Closes $90 Million In Funding Led By New World Ventures

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by in Business News | Economy | Finance | Tech

Phoenix-based IO, the leading provider of next-generation modular data center technology and services, today announced it has raised $90 million in equity from a group led by New World Ventures, a Chicago-based venture capital firm focused on technology innovations that fundamentally change markets. Existing IO investors also participated in the funding. “From the moment we… Read More →

Soaring College Cost And Financial Planning

Soaring College Cost and Financial Planning

Parents and students today should seriously consider saving for education cost early on. The cost of college tuition is becoming very expensive, specifically if your child is considering attending a private or out-of-state college. These costs have increased nearly 30 percent in the past decade and will most likely continue in the years to come.… Read More →

How To Avoid Non-Payment Of Invoices

How to Avoid Non-Payment of Invoices
by in Columnist Spotlight | Finance

While it is ideal if you can have your customers pay prior to or when the delivery of goods or services are rendered, it is not always possible to finalize a deal on these terms.  More often than not, goods and services are purchased on credit or on term agreements to pay in the near… Read More →