Banks or Improving Your Service Level or Pricing
Our firm has worked on numerous recent bank conversions or enhancements
of existing relationships. Our focus is on making sure your company is
using the right set of products in the most cost-effective manner.
Sometimes this includes training your staff so that processing costs and
service fees are reduced. Other times, we may recommend a bank change or
an enhancement or upgrade of the products and services used from your
existing bank. Even a small project, in terms of consulting hours, can
lead to large, long term savings.
Some projects simply entail refining your business processes,
eliminating unneeded services, and negotiating better pricing with your
banks. Other projects may call for a complete overhaul of your outdated
Would you like to bring your treasury department into the new millennium?
Technology has definitely changed our life for the better when it comes to
banking. Get into the space age by looking at solutions in the following
- Electronic data transfer: Donít do things the old fashioned way,
working with diskettes or reams of paper showing your cancelled
checks. We can assist you with technological solutions for account
reconcilement and reverse positive pay, which may significantly lower
your monthly bank charges while simultaneously reducing fraud risk.
Perpetual reconciliation is easy and time-saving! Who wants more work
at month end? Look into this great solution today!
- Imaging services: The development of imaging products has
created significant internal cost reduction opportunities,
particularly for decentralized companies or those using multiple
lockboxes. TMS can guide you through the ways of taking advantage of
this technology in your operations. Plus an added bonus: Faster
receivables posting and no paper to file!
- Sick of printing, signing, and reconciling checks each month?
payments are as easy as pie with the right set up in place. Imagine a
world in which expense reimbursements are processed quickly and
painlessly, with automatic transfer of payments from your bank each
week? Once your A/P personnel have verified payments, and you have
approved them for payment, your computer can handle the rest, sweeping
up and transmitting eligible payments on predetermined schedules. TMS
can help you set up this functionality in your system, train your
staff on the new processes, and support you through the post
- How could we leave out the Treasury Workstation?
The saving grace
for all bustling treasury departments, a workstation can help you keep
staff costs from escalating and can integrate your banking
transactions into the rest of your ERP system, greatly speeding up the
month end close and saving you money as well! The added bonus: Cash
positioning becomes a breeze! Since workstations represent a
significant upfront investment, TMS can help by selecting the
appropriate vendor, negotiating pricing, and managing the installation
process. Another benefit to help your bottom line: Our fees can
usually be capitalized into the project costs.