Saving Money with Third Party Logistics Companies
Most companies outsource at least some of their tasks to a third party. This makes perfect sense; whether it’s payroll, cleaning services, or marketing tasks, it’s often more cost-effective to farm these tasks out. Using a third-party logistics (3PL) company to help with shipping and distribution of product is one of the most common outsourcing […]
Automating the Accounts Payable Process
Anyone who owns a business is familiar with the accounts payable process. This department of your business is responsible for receiving, recording, and paying all incoming invoices for the business. This process can become very cumbersome, especially as your business grows. There are several reasons to consider automating the accounts payable process, no matter the […]
Business Update | Carrier Corporation
In December of 2016, then President-Elect Donald Trump brokered a deal with the Carrier Corporation and the state of Indiana to keep an Indianapolis factory from closing. Carrier was offered approximately $7 million in government incentives, and the deal preserved about 800 jobs and kept the Indianapolis plant open. What is the status of this […]
How Our Experience Across Industries Works for You
One of the questions we often get from potential clients is how we can help their business with its specialized needs. Each industry has its own nuances, and each brings its own unique challenges. However, at Silverback, we believe that working across a wide variety of industries gives us an advantage – one that we’re […]
DIY or Silverback? The Downside of “Doing It Yourself”
At Silverback, our goal is to help clients reduce costs, so they can use the savings to bolster their companies’ bottom lines. Not every company believes the cost/benefit analysis of hiring an expert works to their advantage. Many of these company leaders believe they can do this critically important work themselves. The Do-It-Yourself (DIY) impulse […]
Cash-Strapped College Closing – Could it have been prevented?
In 2017, St. Joseph’s college announced plans to suspend operations and ultimately close. I’m sure this is heartbreaking for the current students, alumni, faculty and staff. With that said, the whole purpose of this blog is to ask the question: Could this have been prevented? In this situation, it appears the signs have been displayed […]
Shipping Prices Set to Rise in 2017
A few months ago, we shared with you our tips for using dimensional weight shipping to cut your business’s mailing expenses. Recently, commercial mailing companies have made some big changes to how they price your packages. Here’s how these changes might affect your company and your shipping budget. Two of the biggest shipping companies in […]
How Silverback Can Help Your Nonprofit Organization
At Silverback, we are devoted to helping business find ways that they can cut their expenses and improve their profits. Another passion of ours is helping non-profits and giving back to our community. Recently, we had the opportunity to give back in a big way. This month, we presented the United Way of Elkhart County […]
Cost Management Industry Focus: Restaurant & Hospitality
Margins in the hospitality industry are tight; some of the tightest around. Because of this, it’s incredibly important for these types of businesses to closely monitor their expenses, and do all they can to cut costs. However, when you’re focused on the day-to-day task of running a restaurant or other hospitality business, it can be […]
New Overtime Law Overturned by Federal Judge
Business across the country have been busy adjusting for changes in overtime laws that were set to take affect this month. The salary level that makes an employee exempt from overtime pay was greatly increased. Under the new law, an employee must make at least $134,004 to be considered for the “highly compensated employee” exemption. […]