Cash Management Solutions for theReal Estate Industry Presented by: Bernadette Knight, Treasury Product Sales Manager, SVP...
Agenda  • Introduction  • Challenges of the Real Estate Industry  • Cash Management Solutions & Flow  • Cash Management Pr...
Challenges of the Real Estate Industry    Managing information on bank accounts    Collections from tenants    Streamli...
Treasury Cash Management Solutions   Work with clients to help manage the complexity of today’s business environment   thr...
Cash Management FlowInclude customized summary                                     Investments  Check                     ...
Electronic Banking  The power of information is delivered via Online Banking Accurate, real-time account information repo...
Electronic Banking  The power of information is delivered via Online Banking Transaction Initiation  - ACH Origination  -...
Electronic BankingPayment ServicesFunds Transfers - Domestic                                   Automated Clearing House (A...
Electronic BankingControl / Fraud PreventionTwo-Factor Token Authentication at sign-on In addition to entering a user ID ...
Collections - Lockbox Overview Lockbox Services are ideal for companies looking to accelerate and automate the receivables...
Collections - Lockbox OverviewHow Does Lockbox Work?Payment mailed               USPS                             Courier ...
Collections - Lockbox Overview Key Features                                             Benefits  Imaging technology     ...
Collections - Remote Check DepositRemote Check Deposit * is a fast, reliable way to take advantage of all Check 21 has to ...
Collections - Remote Check DepositRemote Check Deposit (RCD) OverviewHow Does RCD Work? 1. Connect a piece of hardware cal...
Collections - Remote Check DepositSubstitute Check (IRD) Place prospect’s logo in Slide Master                15
Collections/Payments - ACH OriginationACH transactions are electronic, value-dated debits or credits that are exchanged am...
Account Reconciliation ServicesReconciliation plans designed to meet your risk management requirements.                LOW...
Account Reconciliation Services & Safeguarding AccountsReconcilement Services and Reporting Basic Reconcilement Service   ...
Account Reconcilement Services                                      Sample file upload screen Sample decision screen Place...
Safeguarding Accounts - ACH ServicesMinimize fraud with ACH Blocks & FiltersACH Debit BlockAn ACH Block is a systemic mean...
Security Deposit AccountsControl tenant funds with ease and confidence  Via an Online platform you can manage tenant funds...
Thank You!        Bernadette Knight – 718.248.3092 Bernadette.Knight@citi.com              Lyndie Fasold – 203.975.6122 Ly...
Important Disclosures Citigroup Inc. (Citigroup) and its affiliates do not provide tax or legal advice. To the extent that...
Upcoming SlideShare
Loading in …5
×

Cash Management - Fasold

1,109 views

Published on

Cash Management Workshop presentation by Lyndie Fasold, Citigroup

0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
1,109
On SlideShare
0
From Embeds
0
Number of Embeds
25
Actions
Shares
0
Downloads
20
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

Cash Management - Fasold

  1. 1. Cash Management Solutions for theReal Estate Industry Presented by: Bernadette Knight, Treasury Product Sales Manager, SVP Lyndie Fasold, Treasury Product Consultant, VP INVESTMENT AND INSURANCE PRODUCTS: NOT A DEPOSIT • NOT FDIC INSURED • NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY • NO BANK GUARANTEE • MAY LOSE VALUE
  2. 2. Agenda • Introduction • Challenges of the Real Estate Industry • Cash Management Solutions & Flow • Cash Management Product Offerings for Real Estate Industry • Questions & AnswersPlace prospect’s logoin Slide Master 2
  3. 3. Challenges of the Real Estate Industry  Managing information on bank accounts  Collections from tenants  Streamlining the payment process  Bank account reconciliation  Safeguarding bank accounts  Segregation and reporting of tenant funds Place prospect’s logo in Slide Master 3
  4. 4. Treasury Cash Management Solutions Work with clients to help manage the complexity of today’s business environment through the development of credit and cash management solutions that are designed to: • Minimize Risk • Maximize Returns • Increase Operational Efficiency Regardless of your company’s technology level, financial institutions offer a suite of solutions for each step of the way. Place prospect’s logo in Slide Master 4
  5. 5. Cash Management FlowInclude customized summary Investments Check Check Collection Disbursements Lockbox Mail Deposit ACH ACH File Manual Wire Wire Domestic Borrowings International Electronic Banking Place prospect’s logo in Slide Master 5
  6. 6. Electronic Banking The power of information is delivered via Online Banking Accurate, real-time account information reporting daily Virtual Access via the Internet Convenience, available 24/7 - when and where you need it Constantly reviewed and updated security features Information Reporting - Reporting of Account Balances and Transaction Details - Notification of Same Day Account Activity (Wires and ACH) - Positive Pay Exception Report (Fraud Prevention Tool) Place prospect’s logo in Slide Master 6
  7. 7. Electronic Banking The power of information is delivered via Online Banking Transaction Initiation - ACH Origination - Foreign and Domestic Wire Transfer Initiation Additional Modules - Transaction History Retention - Bill Payment Capability - Various Transaction and Cash Management Reports Place prospect’s logo in Slide Master 7
  8. 8. Electronic BankingPayment ServicesFunds Transfers - Domestic Automated Clearing House (ACH) ServicesManage time critical payments with confidence Cost effective payments with next day• Same day availability availability• Initiate with ease via the Internet • Reduce cost and float vs. paper remittances• Move domestic and international funds through • Convenient and secured delivery channels a single sign-on via the Internet or direct transmission• Ability to set multiple layers of security available • Various payment applications• Schedule recurring and future-dated domestic – Direct deposit of payroll wire transfers – Vendor paymentsFunds Transfer - International – Expense reimbursement – Pension / dividend / commission• Issue payments in over 90 currencies payments• Real time online foreign currency exchange quotations• Array of Applications include: – International employee compensation – Commercial payments – Overseas expenses Place prospect’s logo in Slide Master 8
  9. 9. Electronic BankingControl / Fraud PreventionTwo-Factor Token Authentication at sign-on In addition to entering a user ID and password, users enter a token generated password during sign-on and when processing certain financial transactions.128-bit SSL EncryptionAccount / User Administration System administration capabilities including “Tiered” system administration to allow assigning one of six levels of authority to designated administrators; Maker-Checker capability is also available for administrative transactions System administration audit report & user entitlement reportAccount / User Administration – Business Settings Tailor system time out period Set and adjust password expiration period for businessWire Transfer / Transfer Approvals & Models• Multiple approval levels possible to segregate transaction initiation/release authority• Wire models available Place prospect’s logo in Slide Master 9
  10. 10. Collections - Lockbox Overview Lockbox Services are ideal for companies looking to accelerate and automate the receivables process. Nationwide hub with strategic sites – Los Angeles, CA – Dallas, TX – Chicago, IL – New Castle, DE – Uniondale, NY 24/7 operation at all sites processing over 40 million payments per month Use of unique zip codes to maximize cash flows Use of advanced, image-based processing platform – Reduce collection float – Provide timely and accurate information of receivables Uniondale, NY Check & invoice data capture Chicago, IL for upload into A/R system New Castle, DE Los Angeles, CA Near real-time internet access to checks & remittance information Dallas,TX Place prospect’s logo in Slide Master 10
  11. 11. Collections - Lockbox OverviewHow Does Lockbox Work?Payment mailed USPS Courier Pick-up LBX Processing Facility • Dispatch • Data transmission • Integration with other A/R • Images via CD-Rom Data delivery to Customer Data is consolidated And into the payment system for collection Checks go to the transit process Place prospect’s logo in Slide Master 11
  12. 12. Collections - Lockbox Overview Key Features Benefits  Imaging technology  Maximized funds availability – Front and back view of checks, coupons – Reduced mail, processing and and wholesale remittance documents, availability float including invoices and correspondence, – Accelerated check clearing and envelopes – Multiple daily deposits – Online images available next day  Simultaneous access to multiple users  Optimized mail collection – Images of critical documents provided to – Up to 11 post office pickups daily multiple users within your company – Unique five-digit zip code reduces sorting simultaneously via CitiBusiness Online time at post office – High-speed sorters read and automatically  Seven-year archive sort to the box level – Transactions available online immediately for 90 days – Transactions aged over 90 days are available within four to eight hours of query – Variable online image retention option is available for up to 120 days Place prospect’s logo in Slide Master 12
  13. 13. Collections - Remote Check DepositRemote Check Deposit * is a fast, reliable way to take advantage of all Check 21 has to offer – theconvenience and security of making image-enabled deposits directly into your Citibank account without everleaving your office Benefits • Efficient – Significantly speeds collections and eliminates the photocopying or microfilming involved in preparing checks for deposit • Convenient – Virtually removes all geographic limitations and extends same day deposit window with cut-off times to 8:00 pm local time • Streamlined – Consolidates deposits, decreases clearing times and provides faster notification of returned items. • Cost Effective – Virtually eliminates trips to the branch, courier expenses and mail float, as well as reduces account and deposit adjustment fees. Place prospect’s logo in Slide Master 13
  14. 14. Collections - Remote Check DepositRemote Check Deposit (RCD) OverviewHow Does RCD Work? 1. Connect a piece of hardware called a check Things to Consider: scanner to your desktop/laptop, similar to • Maximum items per deposit patch – connecting a printer. 300 Items • One scanner to one PC • Need to develop a process 2. Scan checks to manage and maintain original checks 3. View images online via an internet base application 4. Approve, adjust, rescan as necessary 5. Transmit images for deposit • One/many locations can deposit to one/many accounts • Unreadable images will not be accepted for image deposit • Variable “maker/checker” options • No direct access to deposit account Place prospect’s logo in Slide Master 14
  15. 15. Collections - Remote Check DepositSubstitute Check (IRD) Place prospect’s logo in Slide Master 15
  16. 16. Collections/Payments - ACH OriginationACH transactions are electronic, value-dated debits or credits that are exchanged amongparticipants. The Automated Clearing House Network can reach virtually every financial institution in theUnited States.Citibank is a leader in providing ACH Origination Services, regularly ranking among the topproviders in volume according to rankings published by the National Automated Clearing HouseAssociation (NACHA). In 2008, Citibank initiated an average of 10.2 million ACH credits and 60 millionACH debits monthly carrying a total value of approximately $70 billion USD. • Files can be initiated online or via direct transmission • Reduce cost and float vs. paper remittances • Support for direct debit, payment, tax and direct deposit applications • Secure options for transaction initiation • ACH return information is available via electronic banking Place prospect’s logo in Slide Master 16
  17. 17. Account Reconciliation ServicesReconciliation plans designed to meet your risk management requirements. LOW RISK HIGH RISK Positive Full Pay Partial Basic Basic Reconcilement • Monthly statements of check issued Partial Reconcilement • Detailed information on all checks paid to your account Full Reconcilement • Checks are matched against issue file provided by client Positive Pay • Checks matched against issue file provided by client • Discrepancies / exceptions reported to client for payment decision Place prospect’s logo in Slide Master 17
  18. 18. Account Reconciliation Services & Safeguarding AccountsReconcilement Services and Reporting Basic Reconcilement Service Paid Check Listing Summary by Transaction Report Partial Reconcilement Service Paid Check Listing Duplicate Checks Report Stop Payments on File Report Summary by Transaction Report Reversal Report Stop Payments Placed Report Paid Checks Proof of Report Stop Payments Deleted Report Full Reconcilement Service (All Basic and Partial Reconcilement Reports Plus): Back-Value Detail Report Paid and Outstanding Checks Report Issuance Listing Report Proof of Outstanding Report Outstanding Checks Report Paid Without Issuance Report Positive Pay Service • Issuance Information received daily or at time of check issuance • Paid information matched daily: Amount, Check Serial Number and Payee • Unresolved exceptions reported to customer for “Pay or No Pay” decision • Key product for reconciliation and fraud protection Place prospect’s logo in Slide Master 18
  19. 19. Account Reconcilement Services Sample file upload screen Sample decision screen Place prospect’s logo in Slide Master 19
  20. 20. Safeguarding Accounts - ACH ServicesMinimize fraud with ACH Blocks & FiltersACH Debit BlockAn ACH Block is a systemic means to force the return of any debit sent via the Automated Clearing Houseto a DDA prior to posting of the entry.• How does it work: Accounts flagged for this service will have all debit entries automatically returned to the sending bank as "Not Authorized".ACH Debit FilterACH Filter Service is essentially a Block on an Account plus electronic authorization(s) per clientinstructions allowing certain Debits to pass on to posting.• How does it work: An ACH Filter is a systemic means to selectively allow debits to pass into posting based on predetermined criteria such as sending company ID and maximum dollar amount allowed. Items that do not pass the criteria will be returned to the sending bank as "Not Authorized". Place prospect’s logo in Slide Master 20
  21. 21. Security Deposit AccountsControl tenant funds with ease and confidence Via an Online platform you can manage tenant funds in segregated accounts • Maintain Control account in the name of the property and Sub accounts for each tenant • Interest credited monthly • 1099 tax information mailed to Control or Client account holders • Consolidated Account Statements containing the Control and all linked Client accounts are mailed to Control account mailing address • Online sub account opening • No fee or service charge Place prospect’s logo in Slide Master 21
  22. 22. Thank You! Bernadette Knight – 718.248.3092 Bernadette.Knight@citi.com Lyndie Fasold – 203.975.6122 Lyndie.Fasold@citi.comPlace prospect’s logoin Slide Master 22
  23. 23. Important Disclosures Citigroup Inc. (Citigroup) and its affiliates do not provide tax or legal advice. To the extent that this material or any attachment concerns tax matters, it is not intended to be used and cannot be used by a taxpayer for the purpose of avoiding penalties that may be imposed by law. Any such taxpayer should seek advice based on the taxpayers particular circumstances from an independent tax advisor. All banking, commercial loans and credit lines are provided by Citibank, N.A. (Citibank), an equal opportunity lender, or its banking or lending affiliates. All credit products are subject to satisfaction of Citibank’s underwriting guidelines and credit approval. Fees and conditions, including minimum balances, apply to some products and services. Some products and services are provided by third parties not affiliated with Citibank, N.A. Citibank, N.A. is not responsible for such parties’ performance. Securities are offered through Citigroup Global Markets Inc. Member SIPC. ©2009 Citigroup Inc. Citibank, N.A. Member FDIC. CitiBusiness, Citi and Arc Design and Citibank and Arc Design are trademarks and service marks of Citigroup Inc. or its affiliates and are used and registered throughout the world. Citibank, N.A. and Citigroup Global Markets Inc. are affiliated companies under the common control of Citigroup Inc.

×