Rho Update: A(pprovals), B(ulk Actions) & C(ontrols)

Rho Update: A(pprovals), B(ulk Actions) & C(ontrols)

Editor's note: This post originally appeared in Rho's monthly newsletter, which you can sign up for?here.??? ?? ??

Hope your May?is off to a great start!?

If you’ve seen Glengary Glen Ross, you know A.B.C. stands for?Always Be Closing.?This is solid advice for your salespeople…but a terrible motto for your finance team. A better version is?Approvals, Bulk Actions, & Controls.

In that spirit, this month’s product update video highlights a few Rho capabilities designed to help your finance team?boost its operational efficiency, visibility, and control leading up to and during month-end close.?

In a new article for TechCrunch, our corporate treasury lead Mike shares his thoughts on how interest rate hikes should (and shouldn’t) impact your approach to treasury management.

As always, if you have any questions, please feel free to reach out. Now, on to the news!

P.S. If you aren’t already?following Rho on LinkedIn, give us a follow for finance news, Rho updates, and analysis.?

Watch: Rho Product Update

Highlights include:?

  • Direct manager expense approvals?help you digitize your expense policy using multi-level approval flows when combined with $ amount tiers.?
  • Customizable views & filters in the Expenses tab?make it easy for all members of your organization to track spend and approvals.??
  • Non-admin Attribute Coding?gives employees the ability to view & code accounting attributes for individual transactions when this feature is enabled in settings, making the lives of your finance team easier in the process?(knowledge base article coming soon).?

Trend: Treasury Automation & The Basis-Point Trap

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Image Credits: PM Images / Getty Images / Original Source: TechCrunch.com

How should interest rate hikes impact your cash management strategy? Our corporate treasury lead Mike Dombrowski tackles this topic and more in?a new piece.?In short: Automation is your friend. Reply to this email if you would like a copy of the full article for future reference.?

By the way, check out Mike’s latest treasury guides on?bond ladders?and?T-bills?if you haven’t already.?

Spotlight: 4 Time-Saving Rho Capabilities

In the blur of exciting new features we've rolled out recently, we wanted to spotlight a few other Rho time-savers:

  1. Automated Liability Management:?If you process invoices with Rho and use our?third-party accounting integrations, Rho transaction data is seamlessly transferred to your ERP. After payment is made, Rho will automatically handle the liability or mark the bill as paid in your ERP.
  2. Bulk Payments:?Manage hundreds of payments across checks, ACH, domestic wires, and single-use Rho cards in one workflow.?
  3. Bulk Card Creation:?In a few easy steps, you can create multiple Rho cards in bulk for a group of employees.
  4. Advanced Card Controls:?Fixed spend limits, card usage dates, merchant controls, international spend, card usage dates & more – check out Rho virtual card features you can enable today.?

Let us know if you have any questions about how to take advantage of these capabilities. In the meantime, have a great week!

Best,?

Justin Wolz?

Head of Communications

Rho?

Banking services provided and cards issued by Webster Bank, N.A., Member FDIC. All Rights reserved. ? 2019-2023 Under Technologies, Inc. DBA Rho Technologies. Rho is a trademark of Under Technologies, Inc. Rho is not a bank. Rho partners with FDIC-insured banks to offer banking products and services.

Investment management and advisory services provided by RBB Treasury LLC, an SEC-registered investment adviser. RBB Treasury LLC facilitates investments in securities: investments are not deposits and are not FDIC Insured. Investments are not bank guaranteed, and may lose value. Investment products involve risk and past performance does not guarantee future results.

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