SMALL BUSINESS ADVICE

UTP launched an eBook to assist SMEs in future-proofing their business

UTP | August 30, 2021

UTP, a credit and debit card payment solutions provider, is launching a new eBook for SMEs, offering advice on future-proof their businesses. The eBook entitled ‘Never Going Back: How SMEs can future-proof for post-pandemic success’ explains how a secure, fast, and smart payments infrastructure can help SMEs become more resilient and adaptable to events such as natural disasters and trade restrictions.

It is fundamental changes to how we shop that inspired UTP Group to create their eBook. The business shares how SMEs can use available payments and commerce options to protect their revenues in any eventuality – even those that cannot be predicted. Advice is imparted on how to mitigate against fraud and costly interchange and processing fees and how businesses should choose the best POS terminal for their requirements.

Worldwide eCommerce sales increased by 57% in 2020, and though the easing of restrictions has attracted more people back to the high street, online shopping will only become more normalised. Should the future bring more disruptive events such as further lockdowns or extreme weather, small businesses now have the technology and the tools to keep serving customers and stay flexible, multi-channel, and available.

Michael Ault, CEO at UTP, said: “We may not live in a cashless society just yet, but it’s clear that cash is diminishing in usage, and the sooner any business can start taking digital payments, the better prepared for the future they’ll be. And with digital payment acceptance in place, small businesses can drill into a goldmine of data analytics that can tell them who their customers are, how they pay and how best to reach them with targeted offers generated by their preferences. That’s yet another way businesses can ensure they get future-proofed with ease.”

Recently, IBS Intelligence reported that UTP Group has teamed up with Faster Processing to provide its eCommerce customers with the ability to receive fund settlements within hours rather than days.

Spotlight

The source of that money may come from unexpected places. Did you know, for example, that only 1 percent of funding for startups comes from VC firms? In contrast, 24 percent of businesses find funding from friends and family and more than 80 percent are self-funded. Crowdfunding only accounts for 3 percent of funding, but crowdfunding itself has grown rapidly, becoming a $5.1 billion industry that raises $2 million each day.

Spotlight

The source of that money may come from unexpected places. Did you know, for example, that only 1 percent of funding for startups comes from VC firms? In contrast, 24 percent of businesses find funding from friends and family and more than 80 percent are self-funded. Crowdfunding only accounts for 3 percent of funding, but crowdfunding itself has grown rapidly, becoming a $5.1 billion industry that raises $2 million each day.

Related News

BUSINESS STRATEGY

Secure with Renters Embedded Digital Insurance by APPOLO Insurance and Yardi Partners

APPOLO Insurance | June 17, 2022

APPOLO Insurance partnered with Yardi Systems to offer an insurance interface embedded in Yardi's software, providing tenants and landlords with an accessible digital insurance experience. The partnership with APPOLO will allow Yardi to offer its users a seamless and integrated insurance interface. APOLLO, embedded directly into the Yardi Voyager property management software platform, joins over 300 Yardi collaborators in the real estate industry by providing tenants with an easy insurance buying experience. “APOLLO is excited to partner with such an innovative real estate software solutions company and Yardi shares APOLLO’s consumer-centric focus, and vision of an industry where technology does the work, so that people can build relationships.” -Jeff McCann, CEO APPOLO Peter Altobelli, Vice President and General Manager of Yardi Canada said, “APOLLO’s digital-first approach to insurance aligns with Yardi’s mission to provide our clients with superior products and outstanding customer service. We are excited to bring APOLLO’s digital insurance fulfillment to our clients.” APOLLO launched its proprietary technology in April 2019, leveraging extensive data and sophisticated algorithms to quote, collect payments, and create and deliver policies. This empowers thousands of individuals and small businesses to purchase online without human intervention. About APPOLO APOLLO (Apollo Insurance Solutions Ltd.) facilitates insurance in a simplified and effortless manner for individuals and small businesses. As Canada's leading online insurance provider, APOLLO puts people first by utilizing time-saving technology and a thorough understanding of the communities they serve. More information can be found at apollocover.com. About Yardi Yardi, founded in 1984, has grown rapidly over the last three decades to become the leading provider of high-performance software solutions for the real estate industry. We now have over 7,500 dedicated professionals working in 45 offices across North America, Europe, the Middle East, Asia, and Australia.

Read More

FINANCE,BUSINESS STRATEGY

Marriott Bonvoy and American Express Enhance Small Business Card with Refreshed Travel, Business and Global Dining Rewards

American Express | July 22, 2022

Marriott Bonvoy®, Marriott International's award-winning travel program, and American Express (NYSE: AXP) unveiled changes to the Marriott Bonvoy Business® American Express® Card, designed to help small business owners turn their business expenses into meaningful travel rewards. Effective today, the Card now provides new and existing Card Members with a 7% Room Rate Discount on eligible bookings at hotels participating in Marriott Bonvoy®, 4X Marriott Bonvoy® points at restaurants, now worldwide, and complimentary Gold Elite status, in addition to all the Card's existing benefits. The rich, new benefits will help Card Members owning and working for small businesses stretch their travel dollars much further and reward them for being a part of the engine that drives the U.S. economy," said David Flueck, Senior Vice President, Global Loyalty, Marriott International. Hard working Small Business Card Members who spend many nights traveling for business can now earn points toward vacations and getaways with family and friends even faster when staying at participating Marriott Bonvoy® hotels and using their Card for everyday expenses. "Small business owners have weathered many challenges over the past few years, pivoted their strategies, and are now looking to get back on track with how they run their business, This includes hitting the road again for client meetings, networking, new business pitches and more. Now, these Card Members can make the most of their business and leisure travel with our enhanced Marriott Bonvoy® Business Card and the ability to earn even more valuable points and rewards." -Courtney Kelso, Executive Vice President & General Manager of Global Commercial Card, American Express. According to new data from an American Express survey, 82% of small business leaders surveyed say that discounted room rates are an important decision factor when booking travel, while 78% say they would extend their trip if they had a discount on rooms. The survey also found that nearly three-fourths (73%) of respondents agree that having status with a hospitality brand impacts where they book overnight accommodations when traveling for business. In addition, a majority (67%) of small business leaders have plans to travel for work in the next one to three months, and 77% agree that they are mixing work and pleasure, wanting to extend their next business trip to also get in some personal vacation time. New and Enhanced Benefits for Small Business Owners The Marriott Bonvoy® Business American Express Card will maintain the same $125 annual fee, while providing Card Members with even more value with new and enhanced benefits including: 7% Marriott Bonvoy® Room Rate Discount off standard rates for reservations of standard guest rooms at hotels participating in Marriott Bonvoy® when booked directly. Terms apply. 4X Marriott Bonvoy® points at restaurants worldwide Complimentary Gold Elite status Continue to Enjoy Existing Card Benefits In addition to the new benefits, Marriott Bonvoy Business® American Express® Card Members can also continue to enjoy these existing benefits: Annual Free Night Award - Receive one Free Night Award every year after Card renewal month. Plus, earn an additional Free Night Award spending $60,000 in purchases on the Card in a calendar year. Awards can be used for one night (redemption level at or under 35,000 Marriott Bonvoy® points) at hotels participating in Marriott Bonvoy®. Certain hotels have resort fees. 15 Elite Night Credits - Each calendar year Card Members can receive 15 Elite Night Credits towards the next level of Marriott Bonvoy® Elite status - Limitations apply per Marriott Bonvoy® member account. Benefit is not exclusive to Cards offered by American Express. Terms apply. No foreign transaction fees. Opportunity to earn: 6X Marriott Bonvoy® points on each dollar of eligible purchases at hotels participating in Marriott Bonvoy®. 4X Marriott Bonvoy® points on U.S. gas station purchases, wireless telephone services purchased directly from U.S. service providers, and U.S. shipping purchases 2X Marriott Bonvoy® points on all other eligible purchases The enhanced Card benefits described above will also be enjoyed by cardmembers who have the Marriott Bonvoy® Premier Plus Business Credit Card from Chase, which is no longer available to new applicants. New, Valuable Welcome Offer To celebrate the refreshed Card benefits, eligible new Card Members who apply and are approved for the Marriott Bonvoy® Business American Express Card can earn 125,000 Marriott Bonvoy® points after they spend $5,000 in eligible purchases on the Card in the first three months. The offer is available through August 31, 2022. Terms and conditions apply. To learn more about the new benefits and welcome offer for new Card Members, please visit the Marriott Bonvoy® American Express® Cards . About Marriott International Marriott International, Inc. (NASDAQ: MAR) is based in Bethesda, Maryland, USA, and encompasses a portfolio of more than 8,000 properties under 30 leading brands spanning 139 countries and territories. Marriott operates and franchises hotels and licenses vacation ownership resorts all around the world. The company offers Marriott Bonvoy®, its highly awarded travel program. For more information, please visit www.marriott.com. In addition, connect with us on Facebook and @MarriottIntl on Twitter and Instagram. About Marriott Bonvoy Marriott Bonvoy®, Marriott International's award-winning travel program and marketplace, gives members access to transformative, eye-opening experiences around the corner and across the globe. Marriott Bonvoy's® portfolio of 30 extraordinary brands offers renowned hospitality in the most memorable destinations in the world. Members can earn points for stays at hotels and resorts, including all-inclusive resorts and premium home rentals, as well as through everyday purchases with co-branded credit cards. Members can redeem their points for experiences, including future stays, Marriott Bonvoy® Moments, or through partners for luxurious products from Marriott Bonvoy® Boutiques. With the Marriott Bonvoy® app, members enjoy a level of personalization and contactless experience that allows them to travel with peace of mind. To enroll for free or for more information about Marriott Bonvoy®, visit marriottbonvoy.com. To download the Marriott app, visit www.mobile-app.marriott.com. Travelers can also connect with Marriott Bonvoy on Facebook, Twitter, and Instagram. About American Express American Express® is a globally integrated payments company, providing customers with access to products, insights and experiences that enrich lives and build business success. Learn more at www.americanexpress.com and connect with us on Facebook, Instagram, LinkedIn, Twitter, and YouTube. Key links to products, services and corporate responsibility information: personal cards, business cards, travel services, gift cards, prepaid cards, merchant services, Accertify, Kabbage, Resy, corporate card, business travel, diversity and inclusion, corporate responsibility and Environmental, Social, and Governance reports. About Chase Chase is the U.S. consumer and commercial banking business of JPMorgan Chase & Co. (NYSE: JPM), a leading financial services firm based in the United States with assets of $3.8 trillion and operations worldwide. Chase serves more than 66 million American households and 5 million small businesses with a broad range of financial services, including personal banking, credit cards, mortgages, auto financing, investment advice, small business loans and payment processing. Customers can choose how and where they want to bank: More than 4,700 branches in 48 states and the District of Columbia, 16,000 ATMs, mobile, online and by phone. For more information, go to www.chase.com.

Read More

TECHNOLOGY,BUSINESS STRATEGY

TriNet Announces Enrich

TriNet | July 27, 2022

TriNet (NYSE: TNET), a leading provider of comprehensive human resources for small and medium-size businesses (SMBs), announced the launch of Enrich™, a revolutionary product line that will allow its customers to expand the benefits they offer their employees. The Enrich products will be offered and available to TriNet's 23,000 SMB customers next month.  The first two product releases include Enrich Access and Enrich Adopt. Enrich Access will allow TriNet customers to offer tax-free travel reimbursements to their employees for medical care received far from their home. Enrich Adopt will allow TriNet customers to offer their employees tax-favored reimbursements for expenses incurred during the adoption process.   "At TriNet, we will not let small and medium-size businesses be left behind with respect to benefits being offered by larger companies, By leveraging our strong employee benefits expertise and scale, we have created a unique product line for our valued SMB customers to provide their employees," -Burton M. Goldfield, President and Chief Executive Officer, TriNet. TriNet believes that benefits, including access to healthcare and family planning services, are essential to attract and retain world class employees for many SMBs. Equitable access to healthcare is a key part of our expertise and the value that we bring to our customers. said Samantha Wellington, TriNet's Executive Vice President, Business Affairs, Chief Legal Officer and Secretary.   Enrich Access gives TriNet's SMB customers the opportunity to provide tax-free travel reimbursements to all their employees and household dependents, regardless of whether they are enrolled in major medical care, who travel to obtain medical care that is not available to them locally. For travel assistance accessed through Enrich Access, the employee's identity will remain anonymous to their employer, which is often a challenge at a small company. For both Enrich Access and Enrich Adopt, TriNet will review and process claims for reimbursement, report any payments for payroll purposes and make reimbursement payments.     For more information on this groundbreaking new product line visit: https://www.trinet.com/hr-services/benefit-options#equitable About TriNet      TriNet (NYSE: TNET) provides small and medium-size businesses (SMBs) with full-service HR solutions tailored by industry. To free SMBs from HR complexities, TriNet offers access to human capital expertise, benefits, risk mitigation and compliance, payroll, all enabled by industry leading technology capabilities. TriNet's suite of products also includes services and software-based solutions to help streamline workflows by connecting HR, Benefits, Employee Engagement, Payroll and Time & Attendance. From Main Street to Wall Street, TriNet empowers SMBs to focus on what matters most—growing their business and enabling their people. TriNet, incredible starts here. For more information, visit TriNet.com or follow us on Twitter

Read More