Abound Resources Launches RightPathTM for Cash Management
Community banks get unique, affordable cash management consulting option to maximize today's opportunities to quickly grow their commercial deposits
Austin, Texas (PRWEB) November 7, 2008 -- Abound Resources, Inc. has launched RightPathTM for Cash Management, an advisory program designed to maximize the cash management offerings of community and mid-sized independent banks.
Launches RightPathTM for Cash Management
"In these challenging economic times businesses need help managing their finances, and community banks - with the right cash management and treasury management services - are poised to assist them," said Brad Smith, President and Co-founder of Abound Resources. "For many years we have been helping community financial institutions develop and substantially improve their commercial business. With RightPathTM for Cash Management, we've taken our expertise and turned it into an efficient two step program that we can offer at a very affordable cost to community banks."
How does RightPathTM for Cash Management work?
RightPathTM for Cash Management has two parts;
•Develop a detailed 12 month roadmap for bank cash management success
•Assess the bank's progress on a quarterly basis and provide additional industry expertise including up to the minute benchmarking and best practices research
Abound's bank cash management consultants, all of whom are Certified Treasury Professionals (CTP), start by reviewing the bank's commercial business, cash management goals, commercial customer base and local competitors.
Abound's experts then analyze the bank's:
•Current Cash Management and Treasury Management product offerings
•Cash management technology vendors and cash management systems that support those products
•Commercial service charge philosophy
•Cash management sales, product development and product support functions
The RightPath™ team will make improvement recommendations and help build a 12 month action plan to enhance the bank's cash management and treasury management programs.
Abound then follows up with the bank quarterly to:
•Make sure the bank is on target with their new action plan
•Share Abound's proprietary cash management research
•Provide best practice reports on cash management topics including sales and marketing, product management, and product packaging and pricing.
The RightPath™ team of advisors is comprised of bank executives that have developed, sold and delivered cash management and treasury management products at some of the most successful community and independent banks in the country.
About Abound Resources
Abound Resources helps community banks and credit unions make the right technology decisions - Guaranteed - whether evaluating a core processor, improving a cash management program, negotiating technology contracts, purchasing remote deposit capture, or starting a de novo bank, Abound Resources offers both advisory services and web-based solutions that can meet most any need and budget.
FOR MORE INFORMATION OR INTERVIEWS:
Kimberly Williams, Marketing, Abound Resources, Inc., 13740 Research Blvd., Ste. 2, Bldg. T, Austin, TX 78750, 512-351-3703, or
Ryan Esquell, Sales Manager, 512-351-3702
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