For this second installment of our Treasury Management Strategy Series, we are turning our attention to technology. For corporate Treasurers, financial technology (FinTech) has gained a lot of attention for one main reason: Efficiency. FinTech enables Treasury teams to move funds across the globe at a record pace.
One of the most powerful tools to corporate Treasurers and accounting teams is Business Online Banking. It provides resources to:
- Manage receivables
- Streamline payables
- Reconcile account activity
- Provide protections against internal and external fraudulent activity
It has truly revolutionized the banking industry and changed the way people interact with their financial institution. A major struggle with new technology is change. Change can be difficult, especially when there are hundreds, or thousands of monthly transactions involved, as well as teams that need to embrace this change and manage the daily process.
At Central Bank & Trust, our Business Online Banking platform ties together all aspects of your cash flow cycle in a simple, clean, and customizable format. From a customizable dashboard that organizes the most important pieces of your daily Treasury Management activities, to a mobile application that allows you to approve transactions on the go, to fraud protection services that help to keep your hard-earned dollars safe, our Business Online Banking platform offers all of the technology that you come to expect in a Treasury Management system.
Once the decision is made to implement a new Treasury system, or to select a new banking partner, the next big hurdle is implementation. Often times this is the biggest roadblock to making such a drastic but needed change. At Central Bank & Trust, we have a dedicated on-boarding team that will be your partner throughout the entire process. We will create a customized plan to manage every step and ensure all members of your team are fully trained prior to completion of this process. Think of us as an extension of your team. We are here to help, learn, and grow right along with you.
At Central Bank & Trust we believe in partnership. We actively research and invest in technology that provides the best possible experience to our clients, while providing regular relationship reviews to ensure all technological needs are being met. To learn more about our Treasury Management process and technology, contact our team today. Our VP of Treasury Management, Greg Guidici would be happy to walk you through our offerings and provide a demo.
Be sure to check back for the next installment of our Treasury Management Strategy Series.