Treasury Management Best Practices Banking and Investing

Treasury Management Best Practices Banking and Investing

August 8, 2017

Presented by:

Ben Stone

Michael Barry

Treasury Management Topics

I. Treasury Management Overview A. Collection B. Disbursement C. New Innovations and Best Practices

II. Investing Process A. Cash Flows Are King B. Investment Options

III. Money Market Reform

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Collection Options

? Traditional Branch Deposits ? Either delivered in person or via armored carrier. ? Counter deposits or night deposits

? Remote Deposit Capture ? Convenient, saves time/personnel cost ? No real advantage in availability

? Lockbox ? Streamlined collection, ideal for large volumes (water/sewer) ? Can integrate with accounting software to automate receivables

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Collection Options

? E-Lockbox ? Consolidates payments from residents who have paid via on-line banking ? Saves time reconciling on-line banking payments to appropriate accounts

? ACH ? The most economical, and relatively simple ? Requires a little setup, but then runs pretty smooth

? Merchant Services (Credit Card Acceptance) ? Self administered or Third Party ? Pay at the counter, in office kiosk or by phone

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The Cost of Collection

? The median cost for organizations to process the following payment types: Wire Transfer - $7.64 Check - $1.57 ACH - $0.29

Credit Cards - 1.50% to 1.99% Debit Cards - 1.00% to 1.49%

Source: 2015 Association for Financial Professionals Payment Cost Benchmarking Survey 4

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