The Best Financial Tips for Businesses in Q4 2022


The global economy has changed dramatically over the last decade, and new technologies continue to disrupt industries across the board. To stay ahead of the curve, opportunities for businesses to future-proof their systems financially are of top importance. Here are the top financial trends for the fourth quarter of 2022!


Look beyond “design-bid-build” when it comes to capital projects.


Public (and private) clients are increasingly looking beyond the traditional “design-bid-build” delivery format and considering alternative project delivery methods to implement their large capital projects. This growing trend is due to the unique benefits that can come from a deeper collaboration with experts, along with strategically targeted project risk allocation.


Take an agency like Hildebrand Consulting, a financial and management consultancy that works with local governments, federal agencies, special district, and private companies to bridge funding gaps. A part of a larger team that includes licensed engineers, and sometimes legal counsel, their role is to evaluate the goals of the project, understand the business objectives of the utility, and engage stakeholders to make an informed and strategic decision regarding the delivery method. Once that method has been identified, they develop solicitation documents that are consistent with state and federal procurement regulations, assist in the evaluation and selection of the vendor, and develop the final bridging document and service contract.


Maintain financial transparency, always. 


Financial transparency is essential for any business to succeed today. By knowing how much money you are making, what expenses you incur, and where your money goes, you can plan and avoid unnecessary costs. Plus, if you don’t have the ability to provide these details upfront? You could end up losing out on potential business.


Here’s where investing in treasury management software can make a big difference when it comes to financial transparency. Integrating external market and client data within their own data warehouse, Kayenta visually represents accurate financing data with easy-to-use analytical tools. Try it before you subscribe to it: they offer a free month trial for new users!  


Capitalize on technology in new sectors like business insurance.


Technology is changing customer expectations and driving new business models, and insurance is one of them.  Insurance companies can now use artificial intelligence to provide personalized service, leverage big data analytics to predict future risks, and help customers find better deals and lower prices. 


For example, Berglund Insurance has been in the industry since 2006, and their agents have won several awards for their exceptional knowledge and skill in the insurance industry. Instead of sticking with the same old approach, they’ve evolved with the times, offering a customer portal that’s available 24/7, with same day quotes and several online tools at the ready to provide better assistance.


Look into digital lenders instead of brick-and-mortar banks. 


In the last few years, the industry has been flooded with new financial players. Digital lending has become popular among borrowers who want to avoid high fees associated with traditional loans. With digital lending, borrowers can apply for a loan from anywhere at any time, without having to visit a branch location, which makes them feel more comfortable about borrowing money. Additionally, digital lending offers lower rates and faster approval times than traditional banking. Curious, but not sure where to start? Here are two options for small business loans to consider instead of the brick-and-mortar banks! 


Funding Circle offers fast, affordable loan programs with a simple online process and funding in as little as 48 hours. Whether you need to hire new staff, expand your business operations, or grow your product line, a loan from Funding Circle can help!


At AVANA Capital, they support local economies through loans to entrepreneurs who create jobs, bolster communities, and contribute to the social good, their goal to empower clients with capital to finance their own growth. Get to know their borrowing options here: 


No matter how the world evolves, money is always going to matter. By implementing any of this trends, you’re on the road to making smarter, faster, and more impactful decisions with your company’s budget!