What are Treasury Management Services?

Treasury Management services are designed to help business clients improve processing of business receivables, optimize payment options, manage use of funds, while mitigating risk and maintaining visibility of banking activities. Treasury Management services are principally broken into 5 parts: receivables, payables, fraud, information, and liquidity management.

Receivables Management

One of the biggest challenges of managing a business is gathering and processing receivables, which can be time-consuming and costly regardless of the size of your company. Receivables solutions utilize technology to help your company accelerate processing, receive electronic reporting, access payment information and monitor your business’s cash position online.

Payables Management

Efficiency, security and reliability are the primary concerns for payable treasury management solutions. Payable solutions add value to a business by utilizing networks and systems to distribute funds quickly and efficiently while helping to protect against fraudulent payments.

Liquidity Management

Understanding your business’s cash flow information is vital to managing your money. Liquidity management solutions help you maintain your cash accounts so that your money is there when you need it and any excess funds can be put to work in interest bearing accounts.

Fraud Management

Securing the data of your business is critical. Fraud solutions are designed to review and report transaction activity so that issues can be evaluated in a timely manner.

Information Management

Having visibility of your business’s account transfers, wire & ACH activity and cash position is important to having a view of your financial position. That’s why online information applications are designed to accelerate activity data, streamline operations and help you make forecasting and planning decisions.

If you’re interested in discussing your business’s Treasury Management needs, contact us today or visit us online for more information. Our Treasury Management service representatives can build a comprehensive program of services for your company today and provide you consultation as your business grows.

– Kent Byer, AVP/Product Development and Marketing

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