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Jefferson Peters

The Facts and Figures Behind Robotics

Robotics — the technology that deals with robot development, operation, and applications — promises the greatest manufacturing productivity increase since the industrial revolution more than two centuries ago. For any manufacturing business or organization concerned with repetitive, programmable tasks — including sophisticated ones–now is the time to integrate robotics into…

Ensuring a Smooth Business Transition Through Succession Planning

Slightly more than half of family-owned firms intend to keep the business in the family, finds a survey by PwC. But succession planning is critical for the smooth transition of a family-owned firm from one or more family members to the next generation. Although you may have identified the…

Leasing Can Preserve Working Capital, Create Growth Opportunities

As the year comes to a close, many companies are evaluating their 2017 performance and looking ahead toward 2018. A goal for many businesses is to maintain a healthy balance sheet while still making growth-oriented investments, and one increasingly popular option is through leasing. Leasing allows companies to preserve working…

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,…