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Finance

Jan 29, 2024

8 Challenges of Implementing Business Intelligence in Finance — and How to Solve Them

Business intelligence software has emerged as a key tool for data collection and analytics for BFSI companies, helping them get maximum value out of their data, improve decision-making and stay competitive. With the global business intelligence software market projected to reach $27.36 billion in 2024, as reported by Statista, t[...]

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Jan 29, 2024

Faces of Colorado Business: FirstBank

ColoradoBiz showcases the personalities behind the companies in a range of industries and in all stages of development, from startups to stalwarts. FirstBank, the largest privately held bank in the nation, boasts the tagline “banking for good” for a reason. The company has been a big proponent of doing what’s right for cus[...]

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Jan 29, 2024

Faces of Colorado Business: Bank of America

ColoradoBiz showcases the personalities behind the companies in a range of industries and in all stages of development, from startups to stalwarts. What would you like the power to do? At Bank of America, we ask this question every day of all those we serve. It is how we live our values, deliver our purpose, […]

Jan 22, 2024

How Millennials can Maximize Their HSA Benefits in 2024

Historically, those approaching or entering retirement have significantly underestimated their cost of living, particularly when it comes to healthcare. This trend is beginning to change, however, with younger generations getting ahead of future expenses by exploring a wider range of retirement avenues, including health savings [...]

Jan 15, 2024

What 2023 Taught Us About Investment Strategies, and What to Expect in 2024

2023 is officially behind us, and it is always helpful to look back at what worked throughout the year in order to position your portfolios for another successful trip around the sun. You’ll want to do this for taxes but also for income and investment performance as well. READ: How to Invest in 2024 — […]

Dec 28, 2023

CEO of the Year 2023 Finalist: Rich Benenson

Colorado is full of devoted entrepreneurs, business leaders and tech-savvy visionaries who are constantly taking the business world to new heights. It’s no secret that here, at ColoradoBiz, we love the Colorado business community. That’s why, every year, we spotlight the most impressive CEOs throughout our Centennial state a[...]

Dec 19, 2023

How to Invest in 2024: Insights from Wealth Managers and Stock Market Experts

Wealth managers have been busy lately, answering clients’ questions about how to build and preserve wealth amid stock market turmoil, high interest rates and recession fears. While advisers maintain that their advice depends on each client’s goals, risk tolerance, age and other factors, there is a recurring theme to their re[...]

Nov 16, 2023

An Essential Guide to Business Impact Analysis (BIA): What it is and Why it Matters

If a global pandemic has taught us anything, it is to expect the unexpected. In the business world, it is important to understand future possibilities, including worst-case scenarios, in order to minimize the impact on your business.  This is where business impact analysis (BIA) comes in. But what exactly is business impact ana[...]

Nov 1, 2023

Tips for Inheriting a Business: Navigating the Emotional and Strategic Challenges

Inheriting a business can stir a complex mix of emotions. Amidst the grief of losing someone close, there’s often a sense of overwhelm, coupled with the realization of a significant opportunity. It’s a pivotal moment, demanding sensitive handling and strategic planning to navigate the future of the business you now f[...]

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Oct 30, 2023

Five Reasons to Connect With Your Business Banker (and How to Prepare)

If you’re a business owner, you know that running a business comes with its fair share of challenges. And one of the biggest challenges is ensuring that your business finances are managed appropriately.  Luckily, you’re not alone when it comes to managing your finances — your business banker is ready to help you plan for [...]

Oct 30, 2023

Mastering Retirement Planning: Strategies for High-Net-Worth Individuals

High-net-worth individuals don’t get to where they are by happenstance — it’s the outcome of a journey marked by choices, and at times, the lessons learned from mistakes. Although 84% of wealthy Americans have financial plans designed to mitigate long-term risks, there’s more potential for mistakes in the second half of [...]

Oct 26, 2023

How to Choose the Best Budgeting Method for Your Financial Goals

According to Nerd Wallet, nearly 74% of Americans have a monthly budget. With today’s mobile banking technology and easily seeing transaction details as your money comes and goes, why do so many people still budget? And what is the best budgeting method in today’s digital age? The answer is simple, having a budget is one[...]