Subscribe

Spotlight on Solutions Controlling costs to boost productivity: Real-life scenarios

How Truist relationship managers helped their clients reduce costs and maximize productivity

Our Spotlight on Solutions series highlights ways Truist relationship managers helped different businesses tackle a common challenge. It’s a great illustration of how our Truist Business Lifecycle Advisory approach centers on understanding your business inside and out—so we can offer the advice and solutions that best fit your specific needs.

Here, we focus on reducing and controlling costs to boost your company’s productivity. Most companies will need to implement cost-saving measures at some point in their business lifecycle. What works best for you can depend on many factors, including your company’s goals and your industry.

See how Truist relationship managers helped their clients to identify the right strategies for controlling costs and boosting their productivity.

Improving cash flow to battle high costs

Challenge: A client was facing an increasing cost of goods sold due to inflation and wanted to understand ways they could reduce or better manage these increased expenses.

Insights: Truist evaluated the company’s accounts receivable and accounts payable to gain a clearer understanding of their financial situation.

  • Truist wanted to gauge the speed at which the client was paying their vendors.
  • If the client was paying too quickly, they risked missing opportunities to leverage that cash in a money market or other investment vehicle.

Solution: Truist guided the client through a comprehensive cash flow review with a Truist treasury consultant.

  • Truist discovered the company was paying its vendors faster than the industry norm, revealing an opportunity for improvement.
  • Truist engaged their investment team to assist in identifying strategies that helped the business stretch its payment cycle, resulting in increased earnings.

Reducing expenses with flexible payment solutions

Challenge: A technology company was facing challenges with working capital and high interest expenses due to extensive use of its line of credit. The company was relying on the credit line for vendor payments, which, coupled with unfavorable payment terms from their vendors, was draining the company’s liquidity.

Insights: Truist assessed the company’s existing line of credit to determine if they could provide additional payment options.

  • The Truist wholesale payments team performed a vendor match and found that many of the technology company’s vendors accepted the Truist card.

Solution: The Truist wholesale payments team set the company up with a commercial card program.

  • Truist reduced the company’s reliance on the line of credit, bringing down interest expenses.
  • Truist helped the business restore the line of credit for its intended purpose, freeing it up for more strategic purposes.

See how Truist Business Lifecycle Advisory can benefit growing businesses.

Start controlling costs and boost your productivity

Talk to your Truist relationship manager about ways to improve cash flow and help reduce expenses.

Truist Purple PaperSM The power of partnership

Uncover the value of Truist Business Lifecycle Advisory and see how your business can benefit today, tomorrow, and beyond.
Download the Purple Paper (PDF)
Client stories

An Alaska Native Corporation builds profit for a higher purpose

Supporting a future-focused advisory firm through accelerated growth

Paving the way to growth for an infrastructure innovator

View all client stories

Related resources

Your treasury and payment solutions playbook

Your treasury and payment solutions playbook

Manage cash flow Your treasury and payment solutions playbook

Effectively managing cash at your organization can help you streamline routine tasks, increase security, and maximize reporting. Learn how these four comprehensive tools can help.

Infographic
01/02/2024
Your treasury and payment solutions playbook

Effectively managing cash at your organization can help you streamline routine tasks, increase security, and maximize reporting. Learn how these four comprehensive tools can help.

Tighten up on expenses to boost profitability

Tighten up on expenses to boost profitability

Strategic advice Tighten up on expenses to boost profitability

Four keys to controlling costs and raising profits.

Article
05/07/2024
Tighten up on expenses to boost profitability

Cost cutting, smart budgeting, expense comparisons, and improved controls can all reduce business costs and increase overall profitability.

Cut Your Way to Greater Profits

Cut Your Way to Greater Profits

Strategic advice Cut your way to greater profits

One of the most effective—and easiest—ways to grow profits is to manage costs. Controlling expenses allows your business to keep more of every sales dollar, efficiently use precious capital, and maintain a competitive edge.

Article
05/07/2024
Cut Your Way to Greater Profits

Truist shows you how keeping a close eye on expenses can improve your profitability.

    {0}

    {0}

    {2}
    {6}
    {7}
    {8}
    {9}
    {12}
    {10}
    {11}

    {3}

    {1}
    {2}
    {6}
    {8}
    {9}
    {10}
    {11}
    {14}
    {12}
    {13}
    {1}
    {2}
    {7}
    {8}
    {9}
    {10}
    {11}
    {14}
    {12}
    {13}

    Stay informed and get connected

    Looking for fresh thinking and new insights to help uncover opportunities for your business needs?

    Connect with a Relationship Manager

    Work with a partner who sees your vision and has the resources to help you achieve it. We’re ready to focus on the specific needs of your company—and where you are in your business lifecycle.

    *This form is for prospects. Truist clients should contact their relationship manager with inquiries related to commercial products and services.

    Contact us

    Helpful links

    Business Insights
    Truist Business Lifecycle Advisory
    Business Resource Center
    Sign up for monthly articles on Business Insights

    Sign up to receive our business insights, thought leadership, and client success stories that can help inspire your next bold business move.

    Please enter a first name
    Please enter a last name
    Please enter a valid email address
    Please enter a company name
    I'm also interested in: Please select a campaign option
    Component ID : "accordionGridLayout-1396148670"
    Model : "disclaimer"
    Position : "left"

    Disclosures

    Truist Bank, Member FDIC. © 2025 Truist Financial Corporation. Truist, the Truist logo, Truist Purple, Truist One, Truist Marquee, LightStream, and the LightStream logo are service marks of Truist Financial Corporation.

    Equal Housing Lender

    Investment and Insurance Products:

    • Are Not FDIC or any other Government Agency Insured
    • Are Not Bank Guaranteed
    • May Lose Value

    TRUIST is a service mark of Truist Financial Corporation (Truist) and its affiliates.

    Services provided by Truist Financial Corporation (Truist) affiliates: Banking products and services, including loans and deposit accounts, provided by Truist Bank, Member FDIC. Trust and investment management services provided by Truist Bank. Securities, brokerage accounts and/or annuities offered by Truist Investment Services, Inc., an SEC registered broker-dealer, and member FINRA and SIPC, and a licensed insurance agency. Investment advisory services offered by Truist Advisory Services, Inc. and GFO Advisory Services, LLC, SEC registered investment advisers. Some insurance products offered by Truist Investment Services, Inc. Other insurance products offered by Marsh & McLennan Agency, LLC (as successor in interest to McGriff Insurance Services, LLC) CA License #0H18131, Kensington Vanguard National Land Services, and Crump Life Insurance Services. Truist Life Insurance Services (TLIS) is a division of Crump, Arkansas License #100103477. Variable insurance material is for broker-dealer or registered representative use only. Variable products distributed by P.J. Robb Variable, LLC, Arkansas License #100110185. Member FINRA.

    Marsh & McLennan Agency LLC, Kensington Vanguard National Land Services, Crump Life Insurance Services, Truist Life Insurance Services, and P.J. Robb Variable, LLC are not affiliated with Truist Financial Corporation or any of its subsidiaries.

    Truist Securities is a trademark of Truist Financial Corporation. Truist Securities is a trade name for the corporate and investment banking services of Truist and its subsidiaries. All rights reserved. Securities and strategic advisory services are provided by Truist Securities, Inc., member FINRA and SIPC. Lending, financial risk management, and treasury management and payment services are offered by Truist Bank.

    Mortgage products and services are offered through Truist Bank. All Truist mortgage professionals are registered on the Nationwide Mortgage Licensing System & Registry (NMLS), which promotes uniformity and transparency throughout the residential real estate industry. Search the NMLS Registry.

    Comments regarding tax implications are informational only. Truist and its representatives do not provide tax or legal advice. You should consult your individual tax or legal professional before taking any action that may have tax or legal consequences.

    "Truist Advisors" may be officers and/or associated persons of the following affiliates of Truist, Truist Investment Services, Inc., and/or Truist Advisory Services, Inc. Truist Wealth, International Wealth, Center for Family Legacy, Business Owner Specialty Group, Sports and Entertainment Group, and Legal and Medical Specialty Groups are trade names used by Truist Bank, Truist Investment Services, Inc., and Truist Advisory Services, Inc.

    Applications, agreements, disclosures, and other servicing communications provided by Truist Bank and its subsidiary businesses will be provided in English. As a result, it will be necessary for customers to speak, read and understand English or to have an appropriate translator assisting them. Please note that Truist provides translations of webpages, documents and disclosures as a courtesy and in the event of any inconsistencies or discrepancies between the English content and the translated content, the English content supersedes the translation. Truist offers phone support in Spanish at 844-4TRUIST (844-487-8478), option 9. For assistance in other languages, please speak to a representative directly.

    New York City residents:

    Translation or other language access services may be available. When calling our office regarding collection activity, if you speak a language other than English and need verbal translation services, be sure to inform the representative. A description and translation of commonly-used debt collection terms is available in multiple languages at http://www.nyc.gov/dca.

    Borrowers with Limited English Proficiency (LEP) needing information can use the following resources:

    The Consumer Finance Protection Bureau (CFPB) also provides additional resources for homeowners seeking payment assistance in select languages at: https://www.consumerfinance.gov/housing/housing-insecurity/help-for-homeowners/

    Site footer

    Footer Navigation

    Banking products
    About Truist
    Resources
    Support

    © 2025, Truist. All Rights Reserved.