You Can’t See the Big Picture If You’re Missing
Important Pieces Of The Puzzle
by William Cherry, Director of Public Partnerships
If you’re responsible for managing or overseeing the finances of a municipality – whether it be small, medium, or large – then it’s critical that you have access to as much information as possible in order to make the best financial decisions for the taxpayers you serve.
cashVest® by three+one® takes all the guesswork out of managing your day-to-day and long-term liquidity and fills in all the blank spaces!
The first puzzle piece we provide you with is a clear, concise, and fully comprehensive picture of precisely HOW MUCH cash you have on deposit across multiple accounts, and throughout all your various banking relationships. That kind of information eliminates unwelcome surprises like unexpected cash-flow shortfalls.
The next puzzle pieces we provide you with are accurate and reliable short- and long-term forecasts of your cash projections, viewing them many months into the future. We look at millions of past bank transactions and blend that history with the most recent financial data to tell you HOW LONG every dollar you have on deposit should remain in your accounts. That makes investing a portion of your funds in higher-interest, fixed-term vehicles like CD’s and U.S. Treasury bills a snap!
Add to that periodic written cashVest reports and our 24-hour secure online information portal. They provide you with many other pieces of the financial puzzle. Things like where to find the most competitive interest rates. Or how to improve your municipal credit rating based upon your liquidity data. And identifying ways to reduce – or even eliminate – banking fees.
Once all these puzzle pieces are in place, your finance office will have a crystal-clear, precise, and accurate picture of your public entity’s financial status, both current and future. Check us out at www.threeplusone.us and harness the liquidity power of cashVest to really see the big picture!
Prior to joining three+one, the author served for 24 years as a county chief financial officer responsible for managing and investing public funds, and for 20 years as a county budget officer. He can be reached by phone at 585-484-0311, ext. 709 or by email at wec@threeplusone.us
