Controlling Payable: A Macro View
Last November, we discussed controlling payables as a good
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How financial associations and trade groups can help you stay on top of key trends.
As a small business owner, trade groups and related associations can sometimes be key lifelines, offering important educational and networking opportunities. If you’re seeking to strengthen your financial understanding—whether you’re trying a new automated payments product, fine-tuning your treasury practices and procedures, or expanding your staff—there are local financial groups you can turn to for help.
Belonging to a financial association or organization can help you stay informed on current payment trends, offers networking opportunities to meet non-competitors with similar cash flow control issues, learn how to prevent fraud and keep abreast of best practices, and more. If you’re looking for some solid local resources, here are a few I’d recommend:
These are very different organizations for different functions. The AFP has a much broader focus and is suited to higher-level financial position, or can be used as a training resource for companies seeking to train mid-level financial professionals. As discussed, the AFP website offers a lot of current information in the form of articles and publications, along with forums and industry roundtables.
Joining AFP’s New England chapter offers small to midsize businesses a wide variety to information designed to address a range of financial issues, including ACH. It’s also a great place to start when you’re looking to hire a financial professional, build knowledge, and networking.
When you’re looking to learn more about or get help with finance and other core business issues, these are just a few of the local resources available to you: The National Federation of Independent Business, the U.S. Small Business Administration (SBA), Smaller Business Association of New England (SBANE), Small Business Service Bureau (SBSB), the Small Business Technology Council (SBTC), the Massachusetts Small Business Development Center (MSBDC), and the Boston Regional Office & Minority Business Center (BROMBC).