Treasury Team
What is the name of our TMC?
Nicole Bacza
works to prevent unauthorized checks from posting to a business account (pre-approved list of checks using check # and amount)
Check Positive Pay
What is the Performance Business Checking monthly service fee and how do you waive it?
$65 a month. Avoided with $65,000 average collected balance.
What is - The amount of money owed to a business by its customers for goods or services that have been delivered but not yet paid for. Receivables are considered assets on a company’s balance sheet, because it is cash that the company will collect in the future.
Receivables - Treasury management Enhances financial operations by optimizing accounts receivable, cash application, and reconciliation processes.
What is an example of Synovus Receivables Solution?
ACH, Accelerate AR Remote Deposit Capture, Accelerate AR - Lockbox ACH, Accelerag
What is the name of our TMC's Associate?
Christen Holman
Works to prevent unauthorized checks from posting to a business account (pre-approved list of checks using check #, amount and PAYEE NAME)
Payee Positive Pay
How many Treasury Products can you bundle with Performance?
No limit
What is - Involves a small business identifying, preventing and responding to fraudulent activities on their accounts
Fraud Mitigation - Treasury helps to safeguard assets from fraud and human error, tackling disruptions and uncertainties.
What is an example of a Synovus Payable Solution?
Wire Transfers, ACH Origination, Commercial Card, Small Business Card
Who is the Treasury Management Director?
Mark Bailey
Customer approves/declines posting checks manually. Good for lower check volumes
Reverse Positive Pay
What is the total cost for adding ACH origination, Wire origination and Positive Pay with Performance Business?
No additional charge.
What is - A company’s short-term payments owed to a supplier or creditor for goods or services that have been received but not paid for. Payables are considered assets on a company’s balance sheet.
Payable - Treasury works to enhance operational efficiency by streamlining payment processing through secure electronic methods, replacing vulnerable paper processes.
What is an example of a Synovus Liquidity Management Solution?
IntraFi Cash Service (ICS), Premium Yield Sweep
Who is the Commercial TMC?
LeighAnn Jewell
Restrict ACH credits, debits, or both from posting to an account.
ACH Debit Block
Can a client have multiple Performance Business Checking Deposit accounts?
Yes
What is - Businesses strategically balance enough cash to cover immediate expenses, while maximizing the investment return on excess cash.
Liquidity Management - Treasury works to maximize operational cash and investments by optimizing working capital by leveraging rates to counter fees, ensuring a balanced investment mix for safety and yield maximization.
What is an example of fraud mitigation solution?
Positive Pay, Reverse Positive Pay, ACH Block, Check Block
Who do you send your treasury referral to in Sales Force? Treasury? Nicole Bacza? Christen Holman?
Nicole Bacz
Prevents all checks from posting to an account.
Check Block
What is our Performance Checking credit card promotion?
If approved and client spends $2500 in the first 90 days, they receive a $250 statement credit
What is an account that resets to zero daily through automated sweeps
What treasury service provides businesses with a dedicated post office box for receiving paper payments?
Lockbox