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AUGUST 2025 INDUSTRY NEWS AND TRENDS

 In News and Trends

3 ways to reduce AP process costs

The accounts payable (AP) function can be costly and time-consuming, but there are ways to streamline the process, and the benefits of doing so can be significant: for example, a company clearing $10 million in annual revenue would see an estimated savings of $14,000 by streamlining this back-office operation. 

This article examines the processing costs of top-performing companies vs. bottom performers, and offers three key strategies for optimizing the AP function.

Read the article.

 

Could wealthy consumers save the economy?

Global business advisory RSM offers a ray of sunshine in a cloudy economy. Their experts point out that with the wealthiest 40% of income earners accounting for 61.7% of all consumer spending, this group has an outsized impact. According to data from the Bureau of Labor Statistics, households in the top quintile spent 4.4 times as much as the bottom quintile. 

With the knowledge that large tax cuts are set to roll out in 2026, these two powerful quintiles could accelerate spending in the last quarter of 2025, cushioning the effect of high prices. 

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Tariff uncertainty hits hardest for small businesses

According to data cited by Fast Company, more than 97% of U.S. importers are small businesses, and they are struggling to find a way forward amid tariff uncertainty. More than 70% of small business owners in the U.S. say the rapid shifts in trade policy are creating a “whiplash effect” that makes it difficult to plan. The uncertainty is creating a ripple effect that impacts their employees, who make up nearly 50% of all working Americans. 

Read the article.

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