Corporate Treasury

Take advantage of your bank's treasury management services Most banks offer their small business customers access to a wealth of corporate treasury services, including everything from controlled disbursement and account reconciliation to account analysis and automatic investment services.

I recommend:  Check out Bank of America (choose your state to be forwarded to the treasury management services page), Wells Fargo, Wachovia and U.S. Bank, all of which offer full suites of business treasury services.

Hire a corporate treasury consultant A corporate treasury consultant can join forces with your accountant in order to do a comprehensive review of your financial operations, after which he or she will make recommendations concerning the treasury management services that will most benefit your business.

I recommend:  TreaSolution, Elire, and Greenwich Treasury Advisors are examples of corporate treasury consultants that offer complete treasury management services.

Plug into web-based cash management services Increasingly, banks, vendors and consultants are offering online access to treasury management services and tools.

I recommend:  While your bank's online banking services are a good place to tap into web-based cash management services, other web-based tools include Strategic Treasury Advisors' Online Treasury Advisor and Chesapeake System Solutions' SmartTreasury. For more cash management services, see Business.com.

Outsource corporate treasury tasks to a CFO service While most small businesses are too small to employ a chief financial officer, that doesn't mean they can't benefit from one's services. A third-party CFO service can supply you with a part-time CFO to manage your corporate treasury when needed.

I recommend:  CFO firms offering business treasury services include both CFO-centric companies, like B2B CFO and CFO-Services, and large accounting firms, such as Grant Thornton and Deloitte.