Escrow

With increasing global tensions and supply chain disruptions, many businesses are turning to business escrow to mitigate risk.

Business escrow accounts are often needed for large, complex or risky transactions. Here’s what you should know before you enlist a business escrow company.

Business escrow is not a new concept. However, with modern financial technology, or fintech, traditional escrow methods have been disrupted.

When working with a new supplier, businesses have additional risk. Some of this risk can be mitigated with business escrow.

Large transactions create risk for both buyers and sellers. Using escrow can mitigate risk and ensure that contract terms are met.

Escrow services allow for an unbiased third party to provide protection for businesses conducting large, lengthy, or complex transactions.

The pandemic disrupted the economy, creating gaps in many traditional business processes. Fintech has been filling those gaps.

Businesses need effective cash flow management to survive unexpected economic stress. The growing list of bankruptcies in 2020 is proof.

COVID-19 is shaking up business activity and increasing uncertainty everywhere. Businesses can leverage escrow to mitigate risk created by the pandemic.

Whether you’re new to property management or have been around the block for a while, there’s always more to learn in this age of technological advancement.