Preparing a rapidly-growing company for scale and success

PMC Treasury conducted a Treasury review and recommended changes to prepare the Company for future growth.


  • Start-up company with no Treasury department and an ongoing ERP implementation
  • Unsophisticated privately-held banking partner
  • Below market Earnings Credit Rate (ECR) and large uninvested cash balance above FDIC insurance limits
  • Simple account structure but no automated movement of cash
  • No 13-week cash flow forecast model
  • No access to same-day borrowing per the terms of existing credit agreements



  • Conduct a bank RFP to identify a long-term banking partner with industry expertise and an ability to provide credit
  • Proactively negotiate ECR and develop an Investment Policy so that surplus cash is not idle in a checking account
  • Immediately implement ZBA so that payroll account is funded automatically; implement other Treasury Management best practices post bank RFP
  • Develop a 13-week cash flow forecast model that ties to Budget categories; validate model by analyzing bank activity data and conducting weekly budget-to-actual variance
  • Renegotiate several credit facilities into one revolving facility and ensure same day borrowing is added to the credit agreement



  • Banking partner that is a source of growth capital and has a sophisticated portal that communicates with ERP
  • Competitive ECR and cash invested in Money Market securities
  • Automation of a key Treasury processes and elimination of time-consuming cash management and analyses
  • Improved cash flow forecast accuracy, highlighting need for additional capital
  • Enhanced liquidity access via same day borrowing and ability to avoid simultaneous funded debt and large cash balances