Bank Treasury and Cash Management Services

What Can Banks Do for You?

Ron Box, CPA, CITP, CFF, CISSP

The financial crisis has put tremendous pressure on CPAs to make the most of very limited resources. One resource in particular, banking establishments, must compete to attract CPA clients. Technology has opened the door for many finance and treasury functions to be more efficiently handled by the bank than by a company. Although there has been a recent effort from banks to raise fees, competition keeps the fees that banks charge for treasury services relatively low. Banks' treasury and cash management services have evolved over the years and now provide a roster of benefits. Finance and treasury professionals can reduce costs and add value to an organization by determining if their current banking relationship offers a broad enough range of technology-based treasury services.