Getting paid on time: Tips for managing receivables

REGION - If you've been in business for any length of time, you've probably had a few clients who have impacted your bottom line-but not in the good way. Customers who are slow to pay, or even don't pay, are a risk if you offer...

Trade credit insurance helps companies manage risk

Financial executives must continuously balance the cost of doing business with the risk of doing business. Each time a dollar of revenue is produced, all costs of generating that dollar have been thoroughly analyzed in an effort to maximize the profit margin, including costs associated...

Walker urges state cuts, reforms

STATE - Legislators are back to work again to try to find an answer to Michigan's revenue crisis. Because the six percent tax on dozens of Michigan services ignited widespread opposition, debate still continues in the hopes of resolving the state deficit.However,...

Bank of Northern Michigan opens new doors

TRAVERSE CITY - After some 15 months of construction, the new Bank of Northern Michigan building at the corner of Union and State streets is set to open its doors Dec. 10. The $4 million new banking facility includes three floors and 15,000 square feet...