Financial institutions have varying philosophies and practices to find new ways to deepen relationships with existing account holders, a practice the industry calls relationship banking. Many institutions use cross-selling—increasing the number of accounts, products or services an existing account holder has—as a primary metric for success.
Cross-selling can be a decent performance indicator for the financial institution, but it’s rarely how a customer evaluates a relationship with a bank.…
The Federal Trade Commission released its final rules implementing the E‑Warranty Act of 2015, which gives manufacturers of consumer products the option of meeting warranty requirements by posting warranty terms on the manufacturer’s website, eliminating the substantial cost and environmental waste of including printed warranties with product packaging.
The E‑Warranty Act modernized and amended the Magnuson‑Moss Warranty Act—the federal statute which regulates consumer product warranties.…
What determines your company’s credit score?
The factors that truly influence your score are best known as the five C’s. We’ve added a sixth that is just as important as the other five.
Paying attention to how these six factors affect your company’s credit standing can help you build a strong credit history and ensure you can obtain credit when your business needs it most.
An initial office buildout can cost in the tens of millions of dollars and takes the work of a major contractor to bring a vision to reality. But what happens when it’s time to add to the building or update the workspace?
When there are projects ranging from a $25,000 reception desk to a full interior renovation or addition costing $5 million or less, that’s usually when one starts thinking about seeking bids from small contractors, but that's not always the strongest option.
While many major…