Benefits of Treasury Management

Wallis Bank has a variety of Treasury Management Services that benefit our business customers. These tools are designed to help you operate smoothly and efficiently as you manage your day-to-day business banking needs. Learn more about the advantages of treasury management, and how it can improve your business operations.

What is Treasury Management?

In simple terms, treasury management is the management of all financial affairs of a business. This includes the process of raising funds, currency management, and the strategies and procedures utilized for corporate finance. The goal of treasury management is to ensure that there is adequate cash available in the organization during the outflow of funds. It also contributes to the optimum utilization of funds and makes sure that there are no unutilized funds that are kept in the firm over a long period of time. There are  several services offered at Wallis Bank to enhance your treasury management function:

Positive Pay is a Treasury Management service that helps detect fraudulent checks. If a check is presented for payment with an altered payee, dollar amount, or check number, it can be identified so you can determine whether they should be paid or rejected.

Remote Deposit through Wallis Bank offers the ability to make check deposits from the convenience of your office. Our scanners allow you to scan multiple checks at a time. Customer deposits are transmitted securely allowing you to save time and money by eliminating frequent trips to the bank. 

Wire Transfers Service is a service that allows you to move funds electronically from one bank to another. Funds transferred by this process are considered collected and available for immediate credit when the wire is received. 

ACH Origination Services with Wallis Bank gives you the ability to do payroll, vendor management, and schedule any payment as your business requires. We also make it easy to manage any of these payments from the convenience of your smartphone or mobile device.  

Risk Management
A primary objective of treasury management is managing financial risk. This ensures that an enterprise can meet its financial obligations while predicting the overall performance of the business. This involves identifying, measuring, and managing risk in order to mitigate losses that could potentially affect the company’s profit and growth. The return on funds available should be maximized with investments that have a higher return and a low risk.

Wallis 360 is our business online banking platform that makes our Treasury Management services available to you with the highest level of security.

Treasury Management Services makes it easier to do your day-to-day business transactions while keeping your business needs and security our top priority. Our Wallis 360 business online platform combined with our Treasury Management Services will keep your business banking needs convenient and running smoothly. To learn more about the advantages of treasury management, please feel free to speak to a Wallis Bank Representative.