The One Account Advantage for Business Cash Management

Business cash management requires a delicate balance between safety and returns. Numerous solutions have been developed over the years to simplify this process, with varying results. Still, many companies take a manual approach – splitting cash between multiple bank accounts to capture the full FDIC insurance of each institution and moving funds regularly to chase higher returns.

Fortunately, there is a more efficient path forward. With our solutions, you can unlock the “one account advantage” – which equates to streamlined operations, reduced risk, and unmatched agility.

Access Extended Government Protection

The standard $250,000 FDIC limit has been a source of frustration and complexity for corporate cash managers for decades. This is one reason many businesses have maintained a dizzying array of accounts at multiple institutions.

Fortunately, the FDIC limit is no longer a barrier to efficiency when you partner with American Deposit Management. With our services, you manage one account, and our patent-pending technology does the rest.

When you deposit funds at ADM, our system automatically distributes them across our network to achieve access to full government-backed protection for your entire balance. This simplified approach to safety means you never have to worry about opening a new account when your balance exceeds the FDIC limit. Instead, your reconciliation remains simple and the totality your funds stay fully protected by FDIC or NCUA insurance.

Put An End to Reconciliation Fatigue

When you manually manage multiple accounts, your time is dominated by seemingly endless reconciliations. A continuous cycle of data entry and validation drains morale, introduces risk of human error, and can leave you looking backward when you should be planning for the future.

Consolidating your cash investments into one account with ADM turns a continuous ordeal into a non-event. Our intuitive online platform acts as a single source for all company cash data, and we provide a single, consolidated monthly statement for easy review.

A “single source of truth” drastically reduces the potential for data entry or validation errors, and the bad decisions that stem from them. You also free your team from a mountain of paperwork, so they can focus on value-added tasks like managing cash flows and forecasting yields. In this way, your cash management team can move from keeping the records to managing the strategy.

Capture Nationally Competitive Rates of Return

Beyond reconciling transactions, manual cash management also requires significant labor to search for competitive yields. A comprehensive strategy would involve comparing rates from national banks, local banks, and credit unions to locate the best terms. Once a rate is found, the additional paperwork of opening accounts, moving cash, and updating internal records begins. This strategy is an inefficient use of time, and it often leads to more work when introductory rates expire, and the process starts over from the beginning.

With ADM, the chase for competitive yields is over. All you need to do is open one account, add funds, and let our patent-pending technology take over. We automatically spread your cash across our nationwide network of banks and credit unions to secure competitive rates without geographical or logistical limitations.

Because the banks and credit unions in our network compete for deposits, they offer highly competitive yields to attract business cash. This competition allows our clients to access average yields that are 7 times higher than the national average money market account. In short, you get the benefit of a national search with the simplicity of a single relationship.

Pivot, Change, and Reallocate with Ease

When plans change, your cash strategy must adapt as well. You may need to add liquidity to fund an upcoming project, pivot to a term account in preparation for lower interest rates, or adjust a CD ladder to fit a new project timeline. These changes can be very time-consuming to apply across multiple accounts with different interest rates, term options, and authorized users.

With ADM, your liquid accounts and Certificates of Deposit are managed within the same ecosystem. This gives you only one password to remember, one portal to operate, and simple transfers supported by a dedicated team. The result is unmatched agility that allows you to pivot with ease and confidence.

Reduce Fraud Risk

Your organization becomes more vulnerable to internal and external threats with each additional banking partner. With more accounts, processes are more likely to be updated unevenly or accounts can even be overlooked, leaving space for bad actors to access your funds.

A consolidated approach with ADM upgrades your security. Our built-in dual control requires two or more employees to authorize payments and withdrawals, effectively eliminating the threat of a single bad actor accessing company funds. Additionally, with only a single account to manage, it’s simple to verify that the right people are listed as approvers, and former employees are removed.

With reduced fraud risk, access to extended safety, nationally competitive returns, and unparalleled ease of management, there is no reason to continue with an outdated, fragmented cash management system. Instead, you can get started with ADM with a simple application that takes just a few minutes.

Get Started Today with the Only Cash Management Partner You Will Need

At American Deposit Management, we have been helping businesses manage their cash reserves since 2009, and we look forward to helping you as well. Our solutions bridge the gap between sophisticated financial technology and personalized service, providing the tools you need to manage cash with confidence.

Take a few minutes to explore our solutions for liquid funds and Certificates of Deposit. Then, contact a member of our team to get started.

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