Treasury managed services

Treasury managed services are customized tools and solutions, often provided by banks and financial technology companies, that help businesses streamline daily operations, simplify financial processes, optimize liquidity, and mitigate financial risks. These services help businesses of all sizes to manage their money more effectively than manual, spreadsheet-based processes.

Treasury management services encompass a suite of integrated solutions:

• Cash and Liquidity Management: Ensures that a company has adequate cash on hand to meet short-term obligations while investing excess funds to maximize returns. This often involves automated sweep accounts and cash pooling.
  
  
• Payments and Receivables: Automates accounts payable and receivable processes (e.g., via ACH transfers, wire transfers, digital invoicing, and lockbox services) to speed up collections and streamline outgoing payments.
  
  
• Fraud Prevention: Includes security measures such as Positive Pay (matching checks to an issue file), ACH filters, and dual authorization protocols to protect against unauthorized transactions and cyber threats.
  
  
• Risk Management: Identifies, assesses, and mitigates financial risks, including foreign exchange (FX) exposure, interest rate fluctuations, and credit risks.
  
  
• Financial Planning & Reporting: Provides real-time visibility into financial data through dashboards and reports, enabling more accurate cash forecasting, scenario analysis, and strategic decision-making.
  
  
• System Integration: Connects with existing Enterprise Resource Planning (ERP) systems and accounting software to centralize financial data and automate workflows across departments.

Implementing treasury managed services can provide several advantages for a business:

• Improved operational efficiency by automating repetitive tasks, reducing manual errors, and freeing up staff for more strategic activities.
  
  
• Enhanced cash flow and visibility through real-time monitoring of cash positions across multiple accounts and entities.
  
  
• Reduced costs by optimizing banking fees, minimizing errors, and improving overall financial processes.
  
  
• Stronger security and regulatory compliance with built-in controls, audit trails, and automated monitoring systems that help meet requirements like SOX or IFRS standards.

Complete cash management solutions

We assist clients who lack a dedicated treasury function, as well as organizations with small or nonexistent treasury groups. We also support organizations that currently execute cash management activities manually through spreadsheets, which can be time-consuming and error-prone. Additionally, we help companies whose limited visibility into their bank accounts often requires manual retrieval of information from various banking platforms. By addressing these challenges, RSM helps enable organizations to streamline cash management processes, improve accuracy and enhance overall financial decision making.

RSM Treasury managed services offers the option to consolidate all your banking information into a single source of truth by integrating bank accounts into a treasury technology solution. It consolidates cash positioning (CP) and cash forecasting (CF) data sources, such as accounts payable and accounts receivable ledgers, bank statements and more. RSM prepares CP and CF analyses using leading treasury technology, leveraging templates aligned with your preferences.

These analyses generate insightful reports, including end-of-day cash availability and cash projections with multidimensional adjustments, that are distributed to all relevant stakeholders on a timely basis according to your schedule.

Extensive treasury foreign exchange (FX) risk management support

In addition to clients who lack a dedicated treasury function or have small or nonexistent treasury groups, we also support organizations whose profit and loss (P&L) statements are currently affected by market fluctuations and those with limited or nonexistent FX risk management programs. By addressing these needs, we enhance their financial stability and risk management capabilities.

RSM Treasury managed services includes tailored FX risk management programs to meet your current and future needs.  Our solutions consolidate FX exposure data, such as AP and AR ledgers, bank statements, revenue, and expenses. RSM prepares FX exposure analysis and provides hedging recommendations in alignment with your FX risk management policy, using top-tier treasury technology.

The RSM team generates insightful reports that include FX exposures, derivatives in place to mitigate FX exposure, month-end analyses (e.g., mark-to-market), and upcoming settlements or deliveries. Settlement information is integrated into the treasury technology solution, and reports are distributed to all relevant stakeholders on a timely basis according to your schedule.

Ready to get started?

With RSM Treasury managed services, our team will assess your company’s unique needs, and then help you identify the right treasury technology solution and ongoing services to support those needs. Contact our team today to learn more and to start optimizing your treasury operations.

Frequently Asked Questions (FAQ)