SPONSORED

6 common questions about treasury management services

Jun 7, 2021, 4:53 PM | Updated: Jun 17, 2021, 11:35 am
treasury management services...
Photo: Adobe Stock

AltabankThis article about treasury management services is presented by Altabank.


Savvy business owners know that innovation and automation are key to running an efficient enterprise, especially when it comes to achieving financial goals. Treasury management services offer large and mid-sized businesses a better way to manage cash and payments and track business performance.

1. What are treasury management services?

treasury management services

photo: Adobe Stock

Treasury management services offer tailored commercial banking solutions for cash management and payment needs. Services are principally broken into four categories: receivables, disbursements, fraud protection, and liquidity management.

2. How does treasury management help with commercial receivables?

treasury management services

Photo: Adobe Stock

 

Treasury management eases the tedious task of collecting and processing payments. ACH Receivables can collect funds from your customers, quickly and securely. Remote Deposit Capture allows check deposits to be scanned and deposited securely at any time of the day. Large volumes of cash can also be safely deposited, counted, logged, and secured. Lock Box services allow customers to remit payments to a special P.O. Box, so they can be deposited directly into your commercial account. Merchant Services enable the processing of customer credit and debit card payments.

See Commercial Receivable Services

3. Does treasury management help with commercial payables?

treasury management services

Photo: Adobe Stock

Treasury management services allow businesses to make secure and on-time payments. ACH payments save time for one-time or recurring payments to employees, vendors, or other payments. Secure online wires can be used to transfer funds. Additionally, business credit cards can help with employee spending and turn business costs into rewards.

See Commercial Payment Services

4. Can treasury management assist with commercial cash management?

treasury management services

Photo: Adobe Stock

Overwhelmed by monitoring the ebb and flow of cash? Treasury management provides nimble cash management via online banking, mobile apps, and sweep accounts. It’s a smart and nimble way for businesses to maintain liquidity and mitigate risk.

See Liquidity Management Services

5. How does treasury management protect my business from fraud?

treasury management services

Photo: Adobe Stock

Fraud prevention is essential for all commercial transactions. Treasury management offers a double layer of financial protection by allowing both the bank and the account holders to easily monitor and flag any suspicious activity, including check fraud.          

See Fraud Prevention Services                                                                                                                  

6. What to look for in a treasury management service?

treasury management services

Photo: Adobe Stock

First and foremost, meet the banker. Some financial institutions, including Altabank, have bankers committed specifically to treasury management. They work one-on-one with you to devise strategies to improve the cash flow process and work toward long-term financial goals.

Secondly, identify perks that go above and beyond traditional treasury management services. Altabank, for instance, offers robust signature banking services, including Express Deposit, Altabank’s remote deposit capture service; SafePoint Titan by Loomis, Altabank’s “smart safe” for high volume deposits; Visa Business Rewards credit card; the Altabank mobile app; Insured Cash Sweep (ICS) and Certificate of Deposit Account Registry Services (CDARS) to insure deposits over the $250,000 federal limit; investment sweep accounts; loan sweep accounts; and Positive Pay fraud protection, Altabank’s fraud prevention service.

Still Have Questions? Get in Touch

Related articles: 

Sponsored

Prescription opioid...
Know Your Script

Prescription opioid misuse | How to protect your family from the opioid epidemic

Studies have shown that prescription opioid misuse has increased since COVID-19. So what do you need to know about these opioids?
29 days ago
...
Ike Yospe

Tax Tuesday: The Most Common Mistakes People Make When Filing Their Taxes

Fortunately, for most average earners, they will not end up owing overpayments received for the Child Tax Credit in 2021.
1 month ago
...
Ike Yospe

Tax Tuesday: How will last year’s child tax credits affect you?

Fortunately, for most average earners, they will not end up owing overpayments received for the Child Tax Credit in 2021.
1 month ago
...
Ike Yospe

Tax Tuesday: Key Information Before the Filing Deadline

Businesses can receive a credit of up to $5,000 per employee in 2020 and up to $21,000 per employee in 2021.
2 months ago
national heart month...
Intermountain Healthcare

National Heart Month: 5 Lifestyle Changes to Make Today to Keep You Heart Healthy

Heart disease is the leading cause of death for both men and women. One person dies every 36 seconds in the United States from cardiovascular disease
3 months ago
Joseph Smith Memorial Building...
Temple Square

The Joseph Smith Memorial Building is an icon of Salt Lake City | Why hosting an event at this beautiful location will make you a hero this year

Here's why hosting an event at the iconic Joseph Smith Memorial Building in downtown Salt Lake City will make you a hero this year.
3 months ago

Sponsored Articles

Prescription opioid...
Know Your Script

Prescription opioid misuse | How to protect your family from the opioid epidemic

Studies have shown that prescription opioid misuse has increased since COVID-19. So what do you need to know about these opioids?
...

Tax Tuesday: The Most Common Mistakes People Make When Filing Their Taxes

Fortunately, for most average earners, they will not end up owing overpayments received for the Child Tax Credit in 2021.
...

Tax Tuesday: How will last year’s child tax credits affect you?

Fortunately, for most average earners, they will not end up owing overpayments received for the Child Tax Credit in 2021.
...

Tax Tuesday: Key Information Before the Filing Deadline

Businesses can receive a credit of up to $5,000 per employee in 2020 and up to $21,000 per employee in 2021.
national heart month...
Intermountain Healthcare

National Heart Month: 5 Lifestyle Changes to Make Today to Keep You Heart Healthy

Heart disease is the leading cause of death for both men and women. One person dies every 36 seconds in the United States from cardiovascular disease
Joseph Smith Memorial Building...
Temple Square

The Joseph Smith Memorial Building is an icon of Salt Lake City | Why hosting an event at this beautiful location will make you a hero this year

Here's why hosting an event at the iconic Joseph Smith Memorial Building in downtown Salt Lake City will make you a hero this year.
6 common questions about treasury management services