Cash flow management can determine whether your business will flourish, struggle, or suffer. To flourish, it's important to focus and improve your cash position. You want to be nimble to be able to react to different circumstances. And you want to hold on to your money as long as you can, but also receive payments and money owed to you quickly. It’s how you can control the money coming in and going out so you can meet your business cash needs day in and day out.

When receivables aren’t managed well, it could be the beginning of a major cash flow problem.

For example, as a business owner you may have recently paid a large number of monthly bills (lease, utilities, payroll, suppliers) causing a dip in reserve funds. But because you may not have an efficient means of receiving money quickly, you may have to endure a prolonged period of low funds until you can replenish your account. This could leave you exposed and unable to cover unexpected emergencies or unplanned costs. Your business must be able to convert receivables into cash as quickly as possible.

In addition, fraud-fighting tools are needed that can help you avoid losing access to funds unexpectedly. Perhaps payroll is coming up and someone just moved a significant amount of money out of your account with a stolen check. Now you’re taking out a loan to make payroll, or you’re late making payroll, or you have to put another growth or expansion plan on hold while you try to recover your money.

Managing finances effectively is crucial for your growth and success. You can do this by putting convenient cash flow management procedures in place, speeding up payments, and reducing fraud risks.

Cash flow tools can make routine tasks more convenient

You can add speed and convenience in your efforts to deposit checks. With a desktop scanner, you can deposit several checks quickly right from our desk as save yourself a daily trip to the bank.

Your phone or computer can be used to make deposits quickly, securely, and efficiently at any time through Remote Deposit Capture(RDC). We provide a combination of services allowing your company flexibility and that helps extend the daily deposit deadline for faster funds availability. It gives you the convenience of depositing checks anytime and anywhere with the added bonus of not having to make up a check deposit sheet. 

Work faster and allow more time for other tasks

If you’d like to save precious time and take tedious tasks off your plate, switch from prepping and mailing paper checks to using ACH payments.
These are quick, low-cost transactions that help improve operational efficiency and include a same day payment option, or a standard option that usually posts within two business days. You can schedule any type of payment such as bills, vendor payments, and employee payments. It’s easy to pay faster with Automated Clearing House (ACH) transactions.

Rapid domestic and international wire capability can make it easier to conduct business across borders and allow you to control when funds are received.

What is a wire transfer? A wire transfer  is an electronic way to send money fast. It can be received within a couple of business days, and because it is reviewed and approved through a financial institution, it can be a safer alternative to cash or checks. It’s a great way to send money internationally with ease. It’s all done through Treasury Internet Banking.

Make your cash flow safer by helping to protect your business from fraud

Checks are one of the most vulnerable things criminals use to defraud businesses. Don’t let thieves and fraudsters steal what you’ve worked so hard to earn.

Be in control of business payments through Positive Pay Solutions that help you manage payment risk from fraudulent checks and electronic ACH items. It provides a layer of protection that matches up issued and received checks so you can better defend against fraud.

By implementing these effective Treasury Management tools, your small business can improve your financial stability, increase your profitability, and put into place cash flow management procedures that can help your small business flourish in a highly competitive business landscape.

Get more information

If you want to learn more about how Amegy Bank Treasury Management can help your business, schedule an appointment, or visit Treasury Management today.