This week’s article is by Arthur F. Rothberg, Managing Director, CFO Edge, LLC.
The many benefits of bank treasury management tools are just as compelling as the benefits of accounting and other software programs that small and mid-sized businesses use.
These tools improve cash flow, increase efficiencies and reduce fraud risks, yet bank treasury management tools are often underutilized by small and mid-sized businesses due to the perception that they are available only for banks’ large corporate customers.
Reviewed in this week’s full PDF version…
…are six effective bank treasury management tools: ACH payments, receivables and payables lockbox services, remote deposit capture, B2B merchant services, positive pay and P-cards.
Greater Los Angeles and Southern California executives who are interested in accelerating cash flow can benefit from talking with a provider of outsourced CFO services.
A former enterprise CFO has deep expertise in analyzing current receivables and payables processes and implementing bank treasury management tools to lower costs, save time, reduce errors and increase external and internal security related to cash flow cycles.