The holiday season can be the most profitable for small business. By planning ahead and leveraging treasury management tools, small businesses can handle increased transactions, protect their cash flow and safeguard against seasonal scams.

Strengthen Fraud Protection
The holiday season is prime time for fraudulent activity. Educate employees on how to spot suspicious orders, verify high-value transactions and monitor for phishing emails posing as vendors or customers.

Review Your Cash Flow Forecast
Look at last year’s holiday season trends to anticipate peaks in spending and revenue. Track daily balances, manage liquidity and ensure funds are available when needed.

Optimize Payment Processing
Make sure your point-of-sale systems are ready for higher transaction volumes and have security protection for debit/credit cardholder data.

Streamline Accounts Receivable and Payable
Automating invoicing and payments can save time and reduce errors. Tools like Positive Pay can also help you identify and reject fraudulent checks within Peoples online banking before they are cashed.

Our Treasury Management and Business Banking team can help you set up the tools that make managing your holiday season easier from start to finish. Contact your local Peoples Bank branch or 800.374.6123, option 6 for more information.