Treasury
Management
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Treasury Management Services & How They Can Improve Working Capital & Risk Mitigation

Working capital and risk mitigation is often top-of-mind for many business owners as they work to grow and scale their businesses. At Central Bank, our Treasury Management Services help business owners streamline their finances by managing cash, investments and other financial assets. Our team has the experience, technology and industry best practices you can rely on to build a customized financial solution.

For questions regarding your existing accounts and services, please contact Treasury Management Services at (515) 331-7210 or tmsupport@mycentral.bank

What are Treasury Management Services?

Treasury Management Services (TMS) help businesses improve cash flow and maximize return on excess capital by streamlining finances and payment collection processes, as well as optimize liquidity while mitigating financial, operational and reputational risk.

How Can Treasury Management Help With Working Capital, Risk Mitigation & Beyond?

Working with an expert in the Treasury Management space can help you navigate financial business planning to empower your future decision-making with data-driven insights and guidance. While common TMS goals include improving efficiency, saving time and increasing productivity, other benefits include working capital and risk mitigation.

What is working capital?

Working capital measures a company’s liquidity and short-term financial health by representing the difference between their current assets and liabilities. Positive working capital indicates growth, while companies with negative working capital may have trouble growing or paying back creditors.

What is risk mitigation?

Risk mitigation is the process of identifying potential threats to financial objectives followed by developing and implementing actions to increase opportunities. This process also involves minimizing, monitoring, and controlling the probability or impact of risks involved.


VISA® Business Rewards Card

Create a strategy that reduces risk, time and cost by automating your payables and managing your travel and entertainment expenses. This strategy will improve cash flow and add a recurring revenue from your accounts payable.

VISA Business Rewards Card

ACH Payments

Utilize ACH payments for control of your payables or receivables. Quickly send or receive funds while reducing costs and risks.

Wires

Wire transfers allow you to move money within hours via our online portal.

Checks

Send check with the proper fraud protection in place.

Check fraud is one of the largest challenges facing businesses. According to the Association for Financial Professionals 2020 Risk Survey Report, 70% of organizations reported being exposed to check fraud and 43% of organizations experienced direct financial loss as a result of payment fraud.

ACH Debit

Utilize ACH debit for control of your receivables or payables. Quickly send or receive funds while reducing costs and risks.

Mobile Deposit

For those one-off checks, use Mobile Deposit anytime, anywhere.

Remote Deposit

Reduce time spent on banking with Remote Deposit.

Make your daily deposits from your office. Then, export your deposits as soon as they’re processed to ease reconciliation!

Managing Treasury Risks in Challenging Times

In this ever-changing environment, businesses like yours need to understand the potential impact of unprotected processes to their bottom line.

In 2019, payment fraud remained near its all-time high despite increased efforts by fraud protection agencies. According to the 2020 AFP Payments Fraud and Control Survey, payment fraud targeted 81% of organizations in 2019.

We can help you reduce payment risks with Positive Pay, Payee Positive Pay and ACH Debit Protection.

Positive Pay

Positive Pay matches the check number, account number and dollar amount of each check to a check file authorized and issued by your company. You can also view and authorize checks before they post to your account.

Payee Positive Pay

In addition to Positive Pay, Payee Positive Pay matches the receiving payee name to the payee name on your check issue file providing ease in your reconciliation process.

ACH Debit Protection

Utilizing filters and blocks, this online fraud mitigation service manages ACH debits that post to your business account – only processing payments you authorize.

Use real-time information to make smart financial decisions.

Make easy-to-understand account inquiries for balance, cash position, maturity, payment and interest information.

Quickly search transactions from the current day, last update, or current or previous statement cycles.

Real-time float analysis gives you the most up-to-date look at your available funds.

Integrate account activity with your payroll or other accounting software for easy importing and reporting. Our software integrates with most accounting programs. Contact us to confirm your software is compatible with ours!

Search images to expedite your research.

Set up user-defined permission controls with various levels of access.

 

Interested In Central Banks Treasury Management Services? Partner With Our Experienced Treasury Management Team!

At Central Bank, we provide comprehensive industry insights and a broad range of experience to help you leverage your financial strengths. If you’re interested in learning more about our Treasury Management Services, visit our locations page to speak with your local Commercial Loan Officer or call a Treasury Management Officer today.

Charity DeGraaff

Charity DeGraaff

Vice President, Treasury Management Officer

Location: Sioux Falls Western Branch

Phone: (605) 521-9718

 

Kaleb Rowley

Kaleb Rowley

Vice President, Treasury Management Officer

Location: Urbandale 86th St. Branch

Phone: (515) 331-7213

 

Lisa Gould

Lisa Gould

Assistant Vice President, Treasury Management Services

Location: Urbandale 86th St. Branch

Phone: (515) 309-5102

 

Karrie Meyerhoff

Karrie Meyerhoff

Treasury Management Services | NMLS #1792391

Location: Sioux City Main Office

Phone: (712) 293-2265

 

 

 

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