What exactly is treasury management?
The main objective of treasury management is to accelerate cash flow, control disbursements, report information and offer investment options for excess capital. A good treasury management program offers a one-stop service, where companies can do Internet banking, ACH, lockbox and wire transfers, all with a single point of contact to help the company handle its cash flow and finances. Treasury management services provide resources to improve cash flow, slow down the payment process and optimize cash by making last-minute investment and/or lending decisions. Online resources save key individuals time by authorizing users to access the balances and transaction details over the Internet, process deposits from their offices without having to deliver to the branch for processing, and initiate wires and still keep internal controls. Additional services that may not be big time savers, but do provide fraud protection or automation of certain processes, include positive pay, which provides chec
