Outdated treasury systems can weigh your business down with manual processes, theft and fraud risk, and siloed data.
- Paper checks
- Spreadsheets
- Fraud risk
Smart treasury management unlocks the growth potential that already exists in your company. New technologies and real time tools allow for faster, smarter, more effective solutions to complex challenges.
Chris Ward, head of enterprise payments at Truist, says the upgrade of your company’s treasury ecosystem should follow principles that serve and protect both you and your customers. When you bring all three together, you get a treasury system that increases efficiency, enhances operations, and helps protect against fraud.
Simplicity means intuitive, user-friendly experiences—as easy as ordering coffee on your phone.
Speed is about immediacy. Clients need to know that a transaction has happened and where the payment stands, such as same-day settlement.
Safety is foundational to payments infrastructure and business continuity—everything must be secure, with minimal friction.
An always-on payment method that settles funds instantly, improving liquidity and reducing reliance on slower, less-secure check-based payments.
An intelligent payment strategy that automatically chooses the most efficient payment method based on cost, speed, vendor terms, and other factors to optimize working capital.
Forecasting that is powered by artificial intelligence, uses historical and real-time data, and models factors such as cash flow and liquidity. Leaders can use these forecasts to develop proactive financial strategies.
A modern treasury ecosystem enables embedded finance, or the integration of financial services and products into your existing digital platforms. This allows users to complete transactions without leaving the original application.
