If you’re a business owner, you know that it often takes a team of people to keep everything running smoothly. Even if you’re operating your business solo, you may wish you had more hours in a day to get everything done. Add in the ever-growing risks of cybersecurity threats and evolving technologies, it can be hard to keep up. But treasury management services could be just the tool you need to make things a little bit easier for you and your business.
Academy Bank offers treasury management services to our valued business customers. That way, you can spend more time focusing on what you love -- we’ll deal with the rest. Keep reading to learn more about treasury management, what it means, what we offer, and more.
The Corporate Finance Institute provides a great, easy-to-understand definition of treasury management (also sometimes known as cash management):
“[Treasury management] is the process that involves collecting and managing cash flows from the operating, investing, and financing activities of a company. In business, it is a key aspect of an organization’s financial stability.”
With all the responsibilities that come with owning and operating a business, managing financial assets may not come easily to the business owner, depending on their background. Even if they are comfortable in the financial space, business owners often face fast-pace changes in regulation, technology, cybersecurity, and more. This means it can be hard to stay on top of everything.
But efficiently managing your finances is a non-negotiable for a healthy business. For that reason, it’s often advisable for business owners to utilize treasury management services from a trusted financial entity.
Academy Bank has long been committed for being your go-to bank for all types of banking solutions -- from personal to business and commercial. We’re proud to offer a suite of treasury management solutions that are designed to make business banking easier.
We’re also known as a leader in our field and community. Our director of treasury management, Kendra Kahler, was recently featured on the Kansas City Business Journal podcast regarding the ways that treasury management services can optimize small business finances.
“Treasury management is responsible for optimizing liquidity, minimizing risk and maximizing profits,” said Kendra on the podcast.
Academy Bank’s Treasury Management products and services offer all the tools you need to easily make, receive, and manage payments and funds.
Here are some of the solutions we offer.
Set yourself up for success with a variety of tools for vendor payments, payroll, and other business spending.
Streamline and improve your payments received and make it easy for customers to pay you for your goods and services.
Our time-saving technologies and easy-to-use tools can help increase business efficiency.
Fraud prevention considerations can help protect your business and preserve liquidity.
At Academy Bank, we’re committed to meeting the needs of all our customers -- whether it’s personal, business, or commercial banking.
Learn more about our Treasury Management Services and get in touch with us to get started.