Skip to content
Treasury Intelligence Solutions GmbH
Treasury Intelligence Solutions GmbH
  • Solutions
    • A group of professionals collaborates at a table with notes, discussing financial technology solutions and features for business efficiency.
      Payments Hub
      Cash Management

      Solutions Overview

      Discover the full offering

      Topics

      • Bank Account Management
      • Bank Statement Management
      • Bank Connectivity
      • Cross Border & FX Payments
      • U.S. Payment Orchestration
      • Cash Forecasting
      • Cash Insights
      • Working Capital
      • Fraud Protection
      • Sanctions Screening
      • Workflows & Approvals
  • Clients
    • A woman pointing at a screen in an office setting, wearing professional clothing. The background features a wall with decorative elements, and she appears engaged in her work.

      Stakeholders

      • Treasury
      • CFO
      • Accounting
      • AP & AR
      • IT

      For Treasurers

      Innovation tailored to your business

      Already a Client?

      TIS Platform Login

      Success Stories

      Learn firsthand how enterprises like yours use TIS to simplify global payments and cash operations.

      Read Now
  • Resources
    • TIS Magazine 2025

      Resources

      • Success Stories
      • Blogs & Articles
      • Factsheets & Whitepapers
      • TIS Magazine

      TIS Magazine

      Read the latest issue

      Events & Webinars

      Meet us to discuss in-person how we can elevate your global cash and payments operations.

      Meet Us
  • Company
    • TIS logo

      About us

      Learn more about TIS
      Careers icon

      Careers

      Join our team
      Sustainability icon

      Sustainability

      Read our ESG Report

      Treasury Intelligence Solutions

      • Contact
      • FAQs
      • Security
      • Technology
  • Demo
Blogs & Articles
→
Bank Account Management

Bank Account Management Guide for Treasurers

March 29, 2023
5 min read
Team TIS
Team TIS

Risk and liquidity management are top of mind for treasurers in today’s business climate highlighting the importance of bank accounts. They are necessary to pay, receive and store money and also to protect resources and facilitate treasury management. Companies must have at least one bank account, some have hundreds and a few require thousands of bank accounts to conduct their business. Bank accounts are also the means by which companies are connected to other businesses, people and the banks where the accounts are held. This makes the business of bank account management not only an important task but in the current hyper-connected environment of cybercrime, terrorism, fraud and tax evasion a mission critical function. Failure to properly manage bank accounts has the potential to cause material disruption or business failure for the account holders.[/vc_column_text][vc_empty_space height=”15px” mobile_height=”15px” tablet_height=”15px”][vc_column_text]

Complexity is not your friend when it comes to managing, closing or opening bank accounts worldwide.

[/vc_column_text][vc_empty_space mobile_height=”32px” tablet_height=”32px”][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]

  • Do you have real-time information and visibility about signing authorities, local bank accounts and bank fees?
  • Are you ready for an audit with the information you currently have?
  • Do you have sufficient audit trails, security and compliance elements in place?

[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_empty_space mobile_height=”32px” tablet_height=”32px”][vc_column_text]We understand the wealth of information at hand, as well as the importance of making use of it in an efficient, safe and cost-effective manner. The TIS SaaS solution enables organizations regardless of industry or ERP environment to maneuver their bank account landscape by providing a user-friendly and central “single source of truth”—all in one platform. Complete transparency across users, workflows and bank accounts along with the rights to manage these is what empowers our users.[/vc_column_text][vc_column_text]

Bank Account Management

[/vc_column_text][vc_empty_space height=”15px” mobile_height=”15px” tablet_height=”15px”][vc_column_text](BAM) consists of the policies, procedures and actions taken to open, close or modify accounts held by a business with a financial institution.
This includes the negotiation and management of account services and fees, mandates governing the account, authorized users of the account and methods of communication regarding account activity. It also includes managing the interrelationships among accounts, regulatory reporting and compliance.

Companies address bank account management (BAM) in many different ways but may not be addressing all of the elements in an expanding universe of tasks. The dimensions of the challenge include:

-The need for banks to know their customers and the customers of those customers to protect against money laundering and the financing of terrorism. This is familiar to treasurers through KYC, KYCC, FCPA and AML.

Share This Blog

Related Blog Posts

10 Years of Joint Treasury Excellence with Mann + Hummel

Reviewing Treasury Best Practices for Bank Account Management in 2023-2024

From 2010 to 2021: Where do U.S. Treasurers Stand with FBAR?

Stop struggling with fragmented operations.

Start mastering global payments & cash complexity.

Speak to an expert
TIS

Treasury Intelligence Solutions

Get In Touch Request A Demo

Find us on Social Media

Solutions

  • All Solutions
  • Cash Management

Company

  • About Us
  • Sustainability
  • Careers
  • Contact
  • FAQs
  • Press
  • Security
  • Technology

Community

  • Enterprises
  • Scaling Companies
  • Banks
  • Partners
  • Clients
  • Platform Login

Resources

  • Blogs & Articles
  • Events & Webinars
  • Factsheets & Whitepapers
  • Magazines
  • Podcasts
  • Press Releases
  • Success Stories
  • All Solutions
  • Cash Management
  • About Us
  • Sustainability
  • Careers
  • Contact
  • FAQs
  • Press
  • Security
  • Technology
  • Enterprises
  • Scaling Companies
  • Banks
  • Partners
  • Clients
  • Platform Login
  • Blogs & Articles
  • Events & Webinars
  • Factsheets & Whitepapers
  • Magazines
  • Podcasts
  • Press Releases
  • Success Stories

© 2025 Treasury Intelligence Solutions GmbH. All Rights Reserved.

  • Privacy Policy
  • Manage Consent
  • Imprint / Disclaimer
  • Site Map
  • Solutions
    • A group of professionals collaborates at a table with notes, discussing financial technology solutions and features for business efficiency.
      Payments Hub
      Cash Management

      Solutions Overview

      Discover the full offering

      Topics

      • Bank Account Management
      • Bank Statement Management
      • Bank Connectivity
      • Cross Border & FX Payments
      • U.S. Payment Orchestration
      • Cash Forecasting
      • Cash Insights
      • Working Capital
      • Fraud Protection
      • Sanctions Screening
      • Workflows & Approvals
  • Clients
    • A woman pointing at a screen in an office setting, wearing professional clothing. The background features a wall with decorative elements, and she appears engaged in her work.

      Stakeholders

      • Treasury
      • CFO
      • Accounting
      • AP & AR
      • IT

      For Treasurers

      Innovation tailored to your business

      Already a Client?

      TIS Platform Login

      Success Stories

      Learn firsthand how enterprises like yours use TIS to simplify global payments and cash operations.

      Read Now
  • Resources
    • TIS Magazine 2025

      Resources

      • Success Stories
      • Blogs & Articles
      • Factsheets & Whitepapers
      • TIS Magazine

      TIS Magazine

      Read the latest issue

      Events & Webinars

      Meet us to discuss in-person how we can elevate your global cash and payments operations.

      Meet Us
  • Company
    • TIS logo

      About us

      Learn more about TIS
      Careers icon

      Careers

      Join our team
      Sustainability icon

      Sustainability

      Read our ESG Report

      Treasury Intelligence Solutions

      • Contact
      • FAQs
      • Security
      • Technology
  • Demo