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Jefferson Peters

Cybersecurity concerns and how to better safeguard data

In a recent KeyBank cybersecurity survey, theft of client data ranked as the greatest concern for middle market business owners and executives. For good reason. According to CSO Magazine, cyberattacks set a record in 2016, and the threat environment is going to be even more dangerous in 2017. Today’s…

Improving Accounts Payable Efficiency with Purchase Cards

Purchase cards—also known as P-cards or procurement cards—provide businesses with significant opportunities to streamline processing and improve working capital. By replacing paper invoices and manual systems, P-cards help businesses cut operating costs, automate expense reconciliation processes and provide valuable insights on spend patterns. In addition, risk controls are enhanced and…

Deciphering New Lease Accounting Changes

Over the past 10 years, the U.S. Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) have been working together on a plan to overhaul lease accounting. The primary benefits of leasing will be unchanged under the new rules:  Leasing continues to provide a host of advantages,…