Treasury Management
Improved Cash Flow
Treasury management tools allow you to easily monitor and manage incoming and outgoing cash transactions, anticipate cash shortages, and better prepare for upcoming payments. This helps ensure your business has the necessary funds to cover expenses while improving your working capital.
Reduced Expenses
When managing your business finances, you must consider more than just the day-to-day expenses. With robust treasury management solutions, you can identify areas where expenses can be reduced and resources that can be utilized more effectively.
Increased Efficiency
By automating day-to-day tasks such as payments, collections, and reconciliations, you can save time and effort that would otherwise be exhausted on manual processes. Additionally, using integrated reporting tools and real-time data can help you keep a pulse on your financial situation – so you can make informed decisions faster and keep your business running smoothly.
Solutions for Your Business to Explore
Whether you need help keeping cash flow in check or minimizing unexpected expenses, there’s a solution for your business.
ACH Services – Automated Clearing House (ACH) services provide your business with a way to move payments electronically in and outside of your account securely. By using ACH services, you can simplify your processes while saving time and money.
- Pay vendors quickly and easily.
- Process employee payroll.
- Schedule cash disbursements.
Electronic Services – It’s no secret that the modern business environment requires quick and reliable access to funds and financial information. Electronic services provide direct access to online banking, mobile banking, remote deposit capture, and more. This puts you in a position to quickly transfer funds and access detailed financial reports. In addition, it eliminates the need for manual transactions, resulting in increased accuracy and efficiency.
Fraud Detection Services – In the business world, it is important to have measures in place to protect against fraud. Business Treasury Management offers several fraud detection services to ensure your finances are secure.
Health Savings Account (HSA) – You need the best people to maintain your business day in and day out. Give them the incentive to stay. Provide them with the great benefit of a Health Savings Account (HSA) through F&M Bank’s treasury management services. An HSA is a tax-advantaged medical savings account that allows employees to save money to cover health expenses.
Merchant Services – Merchant services are an important part of business treasury management.
Merchant services allow businesses to process customer payments quickly and securely, making it easier than ever for customers to pay you by receiving payments at the point of sale.
Sweep Services – Sweep services help businesses ensure that their money is managed in the most efficient manner possible. Sweeping funds between accounts or transferring excess cash from one account to another automatically allows businesses to maximize their interest income, reduce risk, and ensure funds are available for day-to-day operations.
Conveniently Manage Your Business Finances
With the right tools and strategies, managing business finances is easier. Business Treasury Management is a great way to keep cash flow in check and to minimize unexpected expenses. With its suite of features, businesses of all sizes can conveniently manage their finances and save money in the long run. Interested in learning more? Check out our treasury management package solutions.
