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Dennis Hoyt
(616) 656-7770
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Frequently Asked Questions
What industries does HTS specialize in?
HTS has helped companies in various industries. Some of these include Automotive, Banking, Direct Marketing, Distribution, E-Commerce, Education, Government, Healthcare, Insurance, Manufacturing, Mass Transit, Non-Profit, Pharmaceuticals, Restaurant, and Retail.
Although these industries may vary widely operationally, what they have in common is the need to efficiently and inexpensively collect, control, and concentrate their receipts, minimize financing and other treasury costs, and make their disbursements inexpensively, and in a well-controlled environment.
What organization size does HTS typically focus on?
HTS provides services to organizations of all sizes. Client revenues have ranged from under $20 Million to several $Billion.
How does HTS pricing compare to other consultants?
HTS does not have the overhead of large consulting firms; therefore, you benefit because these high fixed charges are not passed along to clients. Bottom-line: You are getting Senior Manager and Partner-level quality at a lower price.
What is HTS payback on projects?
Payback varies based on many factors such as the type of project, your current costs, etc. However, you can expect the payback on your "investment" to be measured in terms of months – not years. And, after the cost is recouped, your savings continue year after year.
How are HTS' fees structured?
Our fee structure can be designed to fit your needs. Fees can be set at a specific amount, a percentage of savings, or an hourly/daily rate.
For example, fees for financing assistance can be fixed or hourly. RFPs for card processing can be based on a percent of savings or on a fixed fee. A Cash Management Review is usually performed for a fixed fee, but could also be based on savings. Generally, the fee structure for these and other projects will vary based on: 1) whether HTS "owns" the project, or provides an "assisting role," and 2) if the expected savings going forward can be objectively and easily estimated.
Why can't I rely on my bank for advice?
Your bank may be providing you with the best services for your needs, and at a fair price. However, 1) their goals may at times be in conflict with those of your organization, and 2) their advice may be from more of a “30,000 foot level”, not providing you the detail you need for the successful implementation of your project.
Why can't I rely on my CPA firm for advice?
Your CPA firm may be independent, but most treasury-related projects typically extend beyond their areas of expertise.
How disruptive to my staff are HTS projects?
Typically, not at all. This is because for most work, HTS will be on-site at most for only a few short days to collect information and other data. The bulk of the work for most projects is usually conducted at HTS' offices.
Do I Need HTS for my projects?
Ask yourself these questions:
GENERAL
Are there projects needing attention soon – with no internal resources qualified or able to address them?
Am I fairly new to this company, and need to develop a treasury project list?
Has this organization and its needs changed significantly over the last few years?
INCREASING COSTS
Have I been with the same bank(s), card processor, or other vendor for many years?
Are my cash management or credit card fees getting "out of hand?"
Is a contract with a vendor expiring within the next 12 months?
Has my company been the "recipient" of a bank merger?
CONTROLS
Are all receipts & disbursements well-controlled and accounted for?
Are my bank accounts safe from internal and external fraud?
TRANSACTION PROCESSING
Are we employing the best overall methods for processing sales transactions... and collecting receipts?
Are we employing the best overall methods for making disbursements?
FINANCING
Am I getting the best financing deal for my organization?
Are we in full compliance with our lender's covenants?
REPORTING
Is my cash forecast adequate for my company's needs?
Is my daily cash reporting adequate for my company's needs?
If you answered “yes” to any of the above, give us a call so we can discuss how Hoyt Treasury Services can help you with your needs.
