What is Cash Management and How Can Businesses Benefit from It?

Managing money wisely is key to running a successful business. From meeting day-to-day needs to planning for long-term growth, every business owner or manager faces the challenge of keeping cash flow on track. That’s where Cash Management comes in. Our resources help businesses stay organized and efficient—while advanced security features give you peace of mind that your accounts are protected every step of the way. 

We sat down with Cash Management Sales Manager Jim Heile to answer questions about the platform and how it helps business members thrive.

What is Cash Management?     

Cash Management supports businesses with the proper tools and services to provide the daily information, resources and transactions needed to improve efficiency, reduce risks and costs and generate value. 

Why is Cash Management important to businesses?    

Having what you need on hand is critical to business success. We work daily with businesses that need enhanced access and tools to operate. Cash Management offers the accounts, information, security tools and products to deliver on both sides of the cash flow channels. 

What type of security tools are offered?  

We provide tools to help keep your accounts safe, including activity alerts and notifications so you always know what’s happening. You can control who has access and what they can do. Plus, our Positive Pay and ACH Rule features have proven to stop check and ACH fraud activity. 

How can Cash Management business members benefit from our services?    

Cash Management is more than an online platform. It is a single location that takes care of all your business banking needs through multiple devices in a secure environment. Our offerings include: 

How does the Cash Management team assist businesses with their needs? 

Simple: ongoing relationship management and support. We continue to work with you and remain available when you need us through a Help Desk or onsite support with your Cash Management sales officer. We will be there to help your business grow and succeed. 

What sets Members 1st Cash Management apart? 

The team approach sets us apart from other options. Our Cash Management sales officers and service teams work with relationship managers, branch managers, business loan officers and multiple back-office operations to ensure your needs are met. We are here to help you improve, expand and enhance your business. And we provide local, personalized support. 

Partnering with our Cash Management team gives your business the tools and insights to make smarter financial decisions and manage cash flow. It's one of the many services available to business members, and with access to My Concierge, you’ll have an extra layer of guidance when it comes to navigating your finances.