Small Business Banking Benefits of Treasury Management
09/11/2023
Treasury Management services support business owners and provide one source for efficient cash flow management. Via TriStar Bank Business, an online dashboard, small business owners gain around-the-clock control of their company finances. The online portal lets you take care of small business banking actions such as making and recording tax payments, collecting payments, managing payroll, completing ACH transactions and bill pay, setting up direct deposit, and more.
Plus, with check-matching and automated alerts, Positive Pay keeps your accounts fraud-free. When a check is presented for payment, Positive Pay automatically compares it against your checks-issued register to ensure the payment is authorized. This action prevents fraud before it happens, providing business owners with valuable peace of mind.
In addition, wire transfers are always hassle-free. Treasury Management services include seamless same-day, one-time or recurring wiring of funds, allowing business owners to move money locally, regionally, or nationally.
Finally, by harnessing the power of Treasury Management, small business owners can automate recurring financial transactions, freeing up valuable time to invest in high-impact business activities. Additionally, by automating transactions such as transfers between accounts, payments, wire transfers, ACH transactions, and more, fewer errors are made, and the focus can remain on business operations.
One of the most important benefits of Treasury Management services for small business owners is the streamlining of information. Secure access to accurate information reduces mistakes, redundancy, and administrative overhead.
The online dashboard allows you to manage receivables and payables, optimizing your cash flow position. While our digital service puts you in the driver’s seat and provides you with 24/7 access to your financial information, our TriStar bankers are always standing by, ready to offer personalized advice based on extensive financial expertise as you navigate managing your small business.
Treasury Management services at TriStar Bank are tailored to an individual business owner’s needs and desires. Our custom solutions are proposed only after a consultation with one of our community bankers, who will leverage their experience to assemble an online system to enhance your ability to operate effectively. Our bankers are small-business focused and personally invested in aiding Middle Tennessee communities' successful growth.
While national banks may offer similar services, the TriStar difference is our people. To our bankers, you are not simply an account number. Instead, you’re a respected customer, known by name. Many times, our customers are our friends. We take pride in providing personal care to every customer, and it is our honor to see our neighbors excel in business.
Our mission is to come alongside Middle Tennessee business owners to provide the sound financial guidance and banking services needed to help you achieve your business goals as you work to bring your dreams to life, support your family, and grow our community.
In addition to Treasury Management services, we offer small business banking services like small business checking accounts, loans, lines of credit, commercial analysis checking, Visa Platinum® business credit cards, and more. Our services are curated to supply everything a small business needs, with a personal touch and without added fee-laden fluff.
Big banks may have bigger advertisements, but at TriStar, we invest everything into people. Stop in to experience how a personal approach to business banking makes all the difference in the world.
If you have questions about how to get started with Treasury Management services at TriStar, connect with your local TriStar Banker. Find your branch or contact us to learn more.