Industry News – June 29, 2023

AI-Powered JustPaid Releases Tools For Small Businesses

AI-powered finance company JustPaid has unveiled a suite of tools designed specifically for small businesses. The tools aim to streamline financial operations for small businesses, providing features such as automated expense tracking, cash flow management, and digital invoicing. The company utilizes AI technology to analyze financial data and offer personalized insights and recommendations to help businesses make informed decisions. JustPaid’s tools aim to alleviate the financial burdens faced by small businesses and enhance their efficiency, ultimately contributing to their growth and success in an increasingly digitized business landscape.

Source: PR Newswire

 

Amazon Looks To Recruit Small Businesses To Deliver Local Packages

Amazon is now recruiting small businesses to deliver local packages with the launch of their Hub Delivery program. Amazon is looking to partner with local retailers and service providers who will act as delivery hubs, enabling them to offer fast and efficient delivery services to customers in their area. This initiative seeks to expand Amazon’s delivery capabilities, particularly in dense urban areas where access to customers’ homes can be challenging. By leveraging existing businesses as delivery hubs, Amazon aims to enhance its last-mile logistics, increase customer satisfaction, and provide a competitive advantage against other e-commerce platforms.

Source: The Verge

 

Concerns Over Small Business Impact Of New Energy Department Rule

Congressman Roger Williams, Chairman of the House Committee on Small Business, and Vice Chairman Blaine Luetkemeyer expressed concerns over a new regulation from the U.S. Department of Energy, suggesting that it could burden small businesses, hinder innovation, and increase operating costs. Chairman Williams advocated for pro-growth policies that foster development and job creation, highlighting the need to strike a balance between necessary regulations and avoiding undue pressure on small businesses. Williams pledged to hold the Biden administration accountable for any adverse effects on small businesses caused by regulatory changes, underscoring the ongoing debate on finding the right balance between regulation and small business support.

Source: Small Business Trends