Knowledge and Insights: Newsletters
Love Them or Leave Them? Financial Considerations When Contemplating a Divorce
Unfortunately, only you can answer that question. According to WorldPopulationReview.com, in the United States 50% of you are choosing to leave him or her and for second or third marriages that increases to 60% and 73%, respectively. The Centers for Disease Control and Prevention (CDC) reports the national average divorce and annulment rate in 2019…
How Independent Loan Reviews Can Mitigate Risk to Your Institution
Banks and financial institutions rely on the insight from independent loan reviewers to uncover potential risks embedded in their loan portfolios. As part of standard practice, financial institutions engage independent entities to review their loan portfolios, ensuring no undue risk may affect the Bank’s overall asset quality and capital composition. An independent review of the…
Risks You Haven’t Thought of: How Climate Change is Presenting New Challenges for Lenders
In the Fourth Quarter of 2021, President Biden presented his administration’s “roadmap for climate change,” identifying how government agencies would strengthen infrastructure in response to worsening climate conditions. This was a key position during the Biden campaign, and its persisting emphasis has brought the world of banking to an inflection point. Climate Plan B impacts…
How Does Corporate Culture Mitigate the Risk of Fraud?
In August of 2021, an Economic News Release from the U.S. Bureau of Labor Statistics reported that 4.3 million American workers had quit their jobs, a number that increased by 242,000 since “The Great Resignation” in April of this year. Experts have credited working conditions, new opportunities to work from home, and toxic corporate culture…
Post-Pandemic Aftermath: Fraud in Your Own Backyard
The world is slowly returning to some sense of normalcy, travel is resuming, kids are heading back to the classroom, and retailers, restaurants, and cultural arts centers are greeting us (and our pocketbooks) with open arms. While COVID-19 may have brought many of us a new, or renewed, passion for banana bread and sourdough, for…
Due Diligence Benefits & Concerns: Buy-Side vs. Sell-Side
Buying or selling a business is no easy task. One of the most critical steps in that process is performing adequate due diligence, no matter what side of the transaction you are on. Due diligence is an evaluation process that typically spans a wide range of areas including financial, legal, operational, IT and marketing matters. …
Writing A Successful Business Profit Plan
Now more than ever, clients are reaching out to us for advice on how to create successful business plans that will consistently drive profits. Many thriving businesses begin with someone’s great idea for a product or service. While that first inspiration is critical to any successful company, it is also advisable to have a solid…
Vendor Cybersecurity Risk: Is Your Non-profit Prepared?
Last summer many in the non-profit sector received a communication informing them that their information, placed on Blackbaud’s servers has been captured by cybercriminals. Blackbaud — a popular cloud software company, powers many non-profit organizations by helping them manage donor information, finances, vendor facilitation, grants, marketing, and payments. Imagine the shock! Your closest supplier, the…
Nonprofits – What’s Keeping You Up At Night?
The answer is probably “a lot of things” right? It is for many of us here at Mercadien. Our Nonprofit and Human Services Group meets regularly to discuss our clients’ top challenges and look at ways we can help them address their issues. We have gathered intel from our clients, the AICPA and NJCPA, the…
Times Are Changing – Have You Reviewed & Updated Your Strategic Plan?
It’s hard to believe that over a year has gone by since many of us have changed the way we do business. I have only been in the office a handful of times over the last year; I am fortunate and can work from just about anywhere. Of course, for many of you, this is…