A banking leader shares 5 benefits of this underutilized tool. Inflation has sent business expenses soaring. Rising operating costs have impacted spending power. Revenue and profits get hurt, too. Better cash management strategies can help. One underutilized tool is a business credit card. It can help manage cash flow, simplify payments and earn rewards while also adding to the bottom line. With 147 locations in the Chicago area, U.S. Bank offers business clients a flexible, customized credit card program as part of its integrated banking and payments offering. Here are five benefits to consider. 1. Create better cash flow. Think about the different ways business expenses can be paid. Often, business owners make payments with checks, debit cards, wire transfers or ACH transactions. A business credit card can free up more cash for the business and create extra purchasing power, according to M.J. Hasso, business card sales manager at U.S. Bank. When a business pays a vendor by check or via money transfer, the funds leave the company’s accounts right away, she explains. A business credit card provides flexibility and allows the company to increase their cash flow. "Business credit cards can add tremendous value to the operating cycle," […]
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