What Are Treasury Management Services?
Treasury management services are designed to help businesses of all sizes manage their cash flow, payments, and financial operations more efficiently. These services can best be thought of as your command center for financial control, providing you with the tools and insights you need to make the best decisions and optimize your financial health.
How Your Business Benefits
Why choose Citizens Bank for your treasury management needs? We offer a suite of solutions tailored to your specific business goals, delivering:
Gain real-time insights into your cash flow, transactions, and account balances, allowing you to make informed financial decisions.
Automate routine tasks like payments, collections, and account reconciliation, freeing up time and resources for other strategic initiatives.
Mitigate fraud and unauthorized access with robust security features and controls.
Optimize your cash flow and working capital, unlocking opportunities for growth and expansion.
Treasury Management vs. Cash Management: What’s the Difference?
Treasury management encompasses a broader range of services than cash management. While cash management focuses on the day-to-day handling of your cash flow, treasury management takes a more holistic approach, including:
Say goodbye to the days of physically depositing checks. With Online Deposit, you can securely and conveniently make deposits from anywhere, anytime. Simply scan your checks using our mobile app or upload them through online banking. Funds are typically available within minutes, streamlining your cash flow and saving you valuable time.
Managing your cash flow can be complex and time-consuming. Cash Management eliminates the hassle by automating routine tasks like payments, collections, and account reconciliation. This frees your team to focus on strategic initiatives while ensuring accurate and timely financial transactions.
- Accepting online and mobile payments is crucial for business success in today’s digital world. Web Payments & Merchant Cards provide a secure and efficient way to process transactions, whether you’re running an e-commerce store or accepting payments on the go. This improves customer convenience and helps you capture more sales and grow your revenue.
- Business Credit Cards offer a flexible and convenient way to manage expenses and earn rewards. Choose from a variety of cards tailored to your specific needs, whether you’re looking for travel points, cash back, or extended warranties. Track your spending in real-time, simplify expense reporting, and benefit from valuable rewards programs that can contribute to your bottom line.
- Moving funds between accounts shouldn’t be a hassle. Simple Account Transfers allows you to transfer funds between your Citizens Bank electronically accounts with ease. Whether you’re managing payroll, covering expenses, or consolidating funds, you can complete transfers quickly and securely within the online banking platform.
- Protecting your business from unauthorized transactions is paramount. We offer robust security features and controls to help mitigate fraud risk. This includes advanced transaction monitoring, user authentication protocols, and fraud detection tools. With these measures in place, you can have peace of mind knowing your finances are secure.
- Idle cash can be a missed opportunity. With Sweep Accounts, you can automatically transfer excess funds from your checking account to higher-earning accounts like money market accounts or certificates of deposit. This allows you to maximize your return on idle cash and improve your overall financial health.
Manage Your Business’ Cash Flow With Treasury Services
Don’t let inefficient cash management hold your business back. You can take full control with Citizens Bank’s comprehensive treasury management solutions. Our financial experts can help you optimize your cash flow, streamline operations, and gain valuable insights to drive financial success. Contact us today to get started.