How Treasury Management Helps Our Business Customers Combat Fraud
Fraud has always been a concern for businesses, but today it’s more rampant, more sophisticated, and unfortunately more costly. Treasury Management tools can help you take a more proactive approach, giving you better visibility and control over what happens in your accounts. Fraud methods are always evolving, but you don’t have to navigate these risks alone. Our Treasury Management team is here to help navigate.
Our Suite of Treasury Products Includes:
- Positive Pay: A proactive shield
Positive Pay is one of the most powerful tools available to business customers. Instead of learning about fraud after the fact, Positive Pay lets you review exceptions and approve or decline items before they clear your account. It acts like a shield over your account, putting you in control of what gets paid.
Dispute timeframes can be short, so having that extra review step can be the difference between stopping a suspicious transaction and dealing with a loss later.
- Alerts, monitoring, and reporting
The best way to prevent fraud is to know what’s going on in your accounts. Treasury Management systems allow you to set up alerts for ACH and wire activity, new users, internal transfers, and more. You can choose how to receive these alerts—
email, text, or desktop notifications.
Custom reports make it easy to see prior‑day balances and current‑day transactions at a glance. Pinning key reports to your homepage helps you spot anything unusual as soon as you log in, making daily monitoring quick and manageable.
- Controlling user access and approvals
Fraud risk isn’t only external; it can come from inside the organization as well. Treasury Management tools let you manage your own users, so when an employee changes roles or leaves the company, you can immediately restrict or remove their online access. You can also tailor permissions so each person has access to only what they need.
Dual control (or multi‑level approval) adds another layer of protection by requiring one person to initiate and another to approve high‑risk transactions, such as ACH files and wires.
Our Treasury Management Officers have knowledge of the latest online tools and technologies to help you better manage your cash flow. They'll work with you to find just the right products and services to help you optimize your financial position and make banking more convenient than ever before.
Your Coulee Bank Treasury Management team is here to answer any questions. To review your current setup or explore additional protections, contact the Treasury Management team at 833‑221‑6550 or [email protected].