How can you use treasury services to build better banking relationships?

Here are some ways: 1) Choose a bank that aligns with your business needs 2) Tailor solutions for efficient cash flow and risk management 3) Embrace technology for streamlined operations 4) Regularly communicate with your bank manager, offering feedback 5) Cultivate a long-term relationship for personalized benefits 6) Collaborative approach ensures tailored financial solutions, improving efficiency, and fostering a strong banking partnership.

Utilizing treasury services can help build better banking relationships through the following ways: - - Optimizes cash flow for smooth fund movements. - Provides tools like hedging strategies for financial prudence. - Enables automated payments, reducing errors. - Real-time financial insights foster trust with banks. - Regular dialogue enhances the partnership.

Les plateformes digitales restent l’outil incontournable de la gestion à distance de la trésorerie, permettant à la fois un accès 24H/7J aux clients ainsi que le soulagement du réseau physique bancaire. Grace à la digitalisation, de nombreux services sont devenus accessibles de manière ludique et intuitive. Les parcours clients sont devenus très ergonomiques et optimisés offrant, en un nombre réduit de clics, une navigation souple et une expérience client allant jusqu’à l’autonomie totale. Ainsi, le réseau physique des agents et conseillers peuvent se concentrer sur des activités à forte valeur ajoutée (conseil personnalisé, montage des financements compliqués, recueil des besoins … etc.)

Revenue-generating products are only the tip of the iceberg for Treasury services. In 2024, most banks are offering some form of treasury or cash management products, and the only way you can stand out or win in the race for deposits and relationships is to add and create value beyond where your revenue is typically generated. Services like cash flow forecasting, preemptive risk management, and long-term AP/AR optimization and analysis not only add value to the clients and help alleviate some of the stress of being a business owner, but also help secure your interests as a financial institution long term. For instance, when considering the client for lending, you add depth to credit memos and lending packages to overcome hurdles.