Cash Management Services
More about Corporate Value Added Services
Benefits of Cash Management Services include improved cash flow, enhanced efficiency through automation, increased security against fraud, better financial insights with detailed reports, cost savings from optimised cash use, and greater control over financial operations through real-time monitoring.
To apply for Cash Management Services, assess your needs, research providers, contact a bank representative, discuss available options, submit an application with necessary documents, implement the services, and utilise bank-provided training and support for smooth integration and usage.
Cash Management Services are available to businesses of all sizes, non-profits, government agencies, professional firms, municipalities, and educational institutions. Eligibility often depends on the business’s financial stability, transaction volume, and specific bank criteria.
Frequently Asked Questions
Cash Management Services include:
Collection Services: Lockbox, EFT, and remote deposit capture.
Disbursement Services: ACH, wire transfers, and check issuance.
Liquidity Management: Sweep accounts and investment management.
Information Management: Cash positioning, account reconciliation, and fraud prevention tools.
Cash Management Services in banking provide tools and solutions to help businesses managing cash flow efficiently. These services include handling the collection, management, and disbursement of funds, aiming to optimise liquidity, ensure timely financial obligations, and maximise returns on idle cash.