Treasury Management Overview: Services, Solutions & Strategy

Treasury management encompasses the strategies, policies, and tools that businesses use to manage their cash flow, process payments, mitigate fraud, and leverage financial data. This guide provides a comprehensive overview of the treasury management landscape and how OldNational fits within it.

Table of Contents

1. What Is Treasury Management?
2. Four Pillars of Treasury Management
3. Receivables Management
4. Payables Management
5. Fraud Mitigation
6. Information Management
7. OldNational's Role
8. Selecting TM Services

What Is Treasury Management?

Treasury management is the process of managing a company's liquidity, cash flows, and financial risks. For businesses of all sizes, effective treasury management ensures that funds are available when needed, payments are processed efficiently, fraud is prevented, and financial data is accessible for decision-making.

Modern treasury management relies on online platforms like OldNational that integrate multiple financial services into a single interface, providing real-time visibility and control over company finances.

Four Pillars of Treasury Management

Receivables Management

Receivables services accelerate the collection of incoming funds:

• Remote Deposit Capture: Deposit checks electronically from your office using a desktop scanner.
• Lockbox Services: Bank receives and processes incoming payments on your behalf, accelerating collection.
• Cash Vault: Secure processing of cash deposits for businesses with significant cash volume.
• Image Cash Letter: Electronic check presentment for faster clearing.
• Integrated Receivables: Combine lockbox, RDC, and ACH into a single file for streamlined posting.

Payables Management

Payables services streamline the outbound payment process:

• ACH Origination: Electronic payments to vendors, employees, and government entities.
• Wire Transfers: Same-day domestic and USD international high-value payments.
• Business Bill Pay: Manage and schedule bill payments from one interface.
• Controlled Disbursement: Early morning notification of check presentments for cash positioning.
• Integrated Payables: Single-file submission that routes payments via the most efficient method (ACH, wire, check).
• Commercial Credit Cards: Card-based payments for purchasing and expense management.
• Payroll & Purchasing Cards: Specialized card programs for employee payments and procurement.

For detailed payment instructions, see our How to Payments guide.

Fraud Mitigation

Treasury management fraud prevention tools protect both inbound and outbound transactions:

• Check Positive Pay: Match presented checks against issued check files.
• ACH Positive Pay: Filter incoming ACH debits by originator, amount, and date.
• ACH Debit Block: Block all incoming ACH debits with optional whitelist.
• Stop Payments: Real-time stop payment on individual checks.
• Account Reconciliation: Automated matching of paid checks to issued files.

Learn more in our Security & Fraud Prevention guide.

Information Management

Information management services provide the data foundation for treasury decisions:

• Balance Reporting: Real-time and historical account balance information.
• Transaction Search: Search for specific transactions by date, amount, or description.
• eStatements: Electronic bank statements with 24 months of history.
• Custom Reports: Flexible report templates with scheduled email delivery.
• EDI Detail: Electronic Data Interchange remittance information.
• Cash Position Reports: Daily liquidity summaries across all accounts.
• Image Services: Check images and deposit copies for research and reconciliation.

Account Reconciliation Services

Automated reconciliation options include:

• Partial Reconciliation: Electronic file of checks paid for your matching.
• Full Reconciliation: Bank-prepared account balancing with supplemental reports.
• Deposit Reconciliation: Single deposit account for multiple locations.

OldNational's Role

OldNational serves as the online platform that ties together these treasury management services. It provides:

• A unified interface for accessing all subscribed TM services
• Real-time account information across all enrolled accounts
• Payment initiation for ACH, wire, transfers, and tax payments
• Fraud prevention tools (Positive Pay, ACH filtering)
• Customizable reporting and data export
• Multi-user access with granular permissions
• Mobile access for on-the-go management
• Integration with accounting software (QuickBooks)

For a detailed breakdown of platform capabilities, see our Features Overview.

OldNational vs. ONPointe Essentials

Characteristic	OldNational	ONPointe Essentials
Target User	Mid-to-large businesses with complex needs	Small-to-mid businesses needing basic online banking
ACH Origination	Full (all SEC codes)	Optional add-on
Wire Transfers	Domestic & USD international	Not available
Positive Pay	Check & ACH	Reverse check (optional)
Custom Reports	Full with scheduling	Not available
User Management	Full admin with granular permissions	Limited
Bill Pay	Included	Optional add-on

Selecting Treasury Management Services

When evaluating TM services for your business, consider:

• Transaction volume: High-volume businesses benefit from automation tools like integrated payables and lockbox.
• Payment types: If you process payroll, ACH origination is essential. If you have international vendors, wire transfer capability is needed.
• Fraud risk profile: Businesses writing many checks need Positive Pay. Those receiving frequent ACH debits need ACH filtering.
• Accounting system: Ensure the platform can export data in formats compatible with your accounting software.
• User count: Multiple users with different roles require granular permission controls.
• Mobile needs: If approvers travel frequently, mobile payment approval is critical.

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