The number of people under 18 fell 10% from 2010 to 2022, reflecting a declining fertility rate. By 2041, this could have major ramifications on every industry in St. Louis.
Your company likely has a detailed growth strategy that covers everything from marketing and sales to product development and strategic partnerships.
But do you have a payments strategy?
You might approach accounts payable (AP) and accounts receivable (AR) as a necessary part of doing business, with little innovation or strategy required. Perhaps you receive a bill, wait 30 days, then mail a check. Or maybe you send out an invoice and hope to get paid as soon as possible. If so, then it might…
Cash flow is the foundation of your business. You need customers to pay you on time, so that you’re able to pay your bills. Unfortunately, from invoicing the customer to accepting their payment, there are a number of steps that influence – and hinder – cash flow. Chief among them are bulky, outdated processes and documentation that may be holding your organization back. If you use paper checks or handle approvals manually, you could be due for some upgrades to make payments processes run more…
Healthcare Finance Trends for 2024 by CommerceHealthcare® presents the bank’s annual outlook on major factors commanding leadership attention. Ten themes are identified from analysis of a broad spectrum of industry data.
Technology is a top-three priority for 56% of surveyed providers, and 75% plan spending growth in the next 12 months. [1] Three information technologies are at the forefront in 2024:
Robust system integration. CommerceHealthcare® sees its clients integrating various systems…
While the backlog of construction projects has begun to ease, builders and contractors continue to expect the industry to grow over the next six months.
Associated Builders and Contractors surveyed its members in late February/early March and reported a Construction Backlog Indicator of 8.1 months in February, a decrease of 1.1 months from February 2023. Meanwhile, its Construction Confidence Index began to dip, but still showed expectations for growth in sales, profit margins and staffing levels.…
(The Center Square) – A financial transparency expert is downplaying news that Illinois has received another credit adjustment from a credit reporting agency.
Moody’s Investors Service revised the Illinois’ outlook from “stable” to “positive,” citing continued improvement in fund balance and budget reserves. Moody's added that the positive outlook hinged on the possibility of continued growth in state revenue.
"We’ve had nine consecutive credit upgrades and we want to keep going,”…
A bill that would make Missouri the fourth state to ban Medicaid reimbursements to Planned Parenthood is on its way to the governor.
On Wednesday, the Missouri House in a vote down party lines approved legislation that would end Medicaid reimbursements to any health centers affiliated with abortion providers. Republicans are confident they’ve landed on a strategy that will finally stick after two failed attempts to pass a similar restriction through the state budget were struck down by state courts.
This…
Stifel's CEO, during an earnings call, offered his forecasts on interest rate cuts and inflation, while acknowledging the Fed is in a precarious position.
Boeing’s Defense, Space & Security unit reported $151 million in earnings in the first quarter this year, a turnaround from a $212 million loss in the same period of 2023.
The annual marathon staged by fitness nonprofit Go! St. Louis is expected to see an increase in participants, with several changes to this Saturday's event as part of its new backing from business group Greater St. Louis Inc.
Canada's Competition Bureau said Tuesday it has “substantial competition concerns” regarding a proposed merger of Chesterfield-based agribusiness Bunge Global SA (NYSE: BG) with Netherlands-based agriculture firm Viterra Ltd.
Oberweis Dairy Inc., which filed for Chapter 11 bankruptcy protection earlier this month, said Tuesday afternoon that it has found a buyer for "substantially all" of its assets. But later Tuesday, Hoffmann Family of Cos., a private equity firm with ties to St. Louis, said it also wants to buy Oberweis.
An O'Fallon, Illinois, restaurant permanently closed Tuesday after its owner said in a social media post that it "cannot continue operating financially."
In a post on O'Town Food Hall and Tap House's Facebook page Tuesday, owner Stephen Edwards said the restaurant has struggled with sales and staffing since the Covid-19 pandemic and could not remain open, saying, "... our often-extreme efforts have only realized minimal gains, if any."
The restaurant, at 1214 Central Park Drive in O'Fallon, Illinois,…
The owner of Industrial Steel Fabrication LLC in Hazelwood admitted to committing fraud between October and December 2019 during a lock-and-dam repair project on the Mississippi River.
A new golf training facility has taken up a former office space in Lake St. Louis. Elv8 Golf includes several golf simulators, a 3,000-square-foot short game practice area, a player’s lounge and gym.
A pair of bills in Jefferson City would make it easier for Missouri to compete for the kinds of multibillion-dollar advanced manufacturing megaprojects that are landing in rival states, writes state Rep. Brad Christ, R-Sappington.
During the Oracle Health Summit, Ascension President Eduardo Conrado shed light on his biggest fear for the health care industry and what needs to be done to manage it.
Since joining the bank in 2001, the new chief credit officer has managed the bank's credit risk and commercial underwriting, with the loan portfolio growing from $505 million to $2.1 billion, the bank said.
The parent company of a local bank completed an internal review of its agricultural loan portfolio and found it’s in “sound condition,” a bank executive said Tuesday.
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