In today’s fast paced business environment, managing working capital and liquidity is challenging. To maintain a competitive edge, you need flexible cash position management solutions to help you manage your accounts. We offer a full range of tools to help you simplify account reconcilement and at the same time optimize working capital.
Zero Balance Account
Optimize your funds with centralized, automated control while reducing bank fees and clerical workload—and earn greater returns on excess cash. With a Zero Balance Account, you can establish independent operating sub-accounts, linked to a single master account. At the end of the processing day, the sub-account ledgers adjust to zero or a threshold amount and the appropriate amount automatically transfers to or from your master account. Whatever your unique needs, accounts can be configured in a variety of ways to give you the control and detailed reporting you require.
Sub Account Management
Sub Account Management can help eliminate the need for multiple bank accounts, while maintaining the reporting integrity at the sub-account level. By establishing virtual sub-accounts, you have the ability to open and close sub-accounts, maintain separate statements, track balances, deposits and check disbursements. You can also allocate interest earnings and/or interest expense by division, department, customer or legal entity within one master bank account.
Eliminate excess balances
With our cash concentration service, you can reduce excess balances. We also offer overnight Business Sweep to help you maximize returns on your operating cash.
Some of the features of our cash position management solutions are:
Optimize your funds with Zero Balance Accounts
Our Zero Balance Account option gives you greater control over your funds—and many other benefits.
Savings and ease with Sub Account Management
Sub Account Management can help consolidate multiple sub-accounts under a single master account. This service allows you to maintain separate statements and track transactions by sub-account.
Make the most of your cash reserves
Gain more control and visibility into excess balances by consolidating funds from multiple deposit accounts to a master collection account.
Working capital management is often overlooked as a lower risk opportunity to fund business growth, to pursue an acquisition or to increase shareholder value. Many middle market companies have an opportunity, identified by industry benchmarks, to unlock significant value.
Thinking like a banker can help you identify factors that you can and cannot control, and those you can manage when making a business financing decision.
Managing working capital is not usually considered a top strategy to find business value. To help the more than half of businesses who do not actively manage working capital, SunTrust has outlined three actions businesses can take to create value from working capital management improvement.
Smaller businesses are almost twice as likely as large businesses to suffer instances of fraud. Learn how to keep your business safe by implementing simple changes with big impacts.
Five important functional areas provide hiding places for additional working capital and improved cash flow. Learn how you can optimize each of these areas and strengthen your balance sheet.
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