Expertise

You may be a small or middle-market company with no fully-developed
treasury department. Or a much larger company with a treasury
department spread a little too thin. Either way, you don't always have
the time or talent in-house to complete all of your treasury and financial
projects on schedule. And it's costing you money.

HTS is your "treasurer for hire," allowing you to outsource your treasury and financial projects to an expert. HTS provides you the opportunity to better leverage your own financial staff, and benefit through improved project quality and greater savings.

Hoyt Treasury Services specializes in performing treasury-related financial projects. Built on over 20 years of financial and treasury experience, the firm offers cost-effective treasury services on a project basis -- from just a few days to several months in duration.

With HTS, your project will be performed in a professional and confidential manner. Results will be timely and of high quality -- allowing you to avoid the detail, and focus your attention on your organization's goals!

Specializing in...

Bank, Lease, and Private Placement Financings

Seek out new lenders. Negotiate improved financing terms, looser and more meaningful covenants, and better pricing. Prepare a credit agreement summary for future reference, and develop pro-forma F/S covenant compliance model for required reporting to lenders.

Result is a financing that is best suited to your company's needs, with greater availability, better overall terms and pricing, and improved covenants.

RFPs for Credit, Debit, and Gift Card Processing

Review your card processing costs in detail, analyze the problems (interchange downgrades, excessive chargebacks, etc.) and their causes, discuss/determine your current and future needs. Develop a customized RFP that addresses your specific card processing needs, document and analyze vendor proposals, and assist with vendor selection and the processor conversion.

Result is lower overall processing costs, and a processor best fit for your future.

Sarbanes-Oxley and SAS 112 Projects

For companies needing a few more experienced resources for their Sarbanes-Oxley or SAS 112 projects.

Leading or working with your internal control project team, direct or assist with project planning. Assist with software tool selection as needed. For areas assigned, review and document (via narratives, flowcharts, risk and control matrices, etc.) all significant processes and accounts, and their related controls and weaknesses. Design and execute tests of controls, remediate control weaknesses, and develop and document policies and procedures.

Results in a greater likelihood of completing your control project on time and/or at a lower cost, than if only done internally or fully-outsourced.

Cash Management Reviews

Review cash flows and procedures, internal controls and reporting. Identify opportunity costs related to inefficiencies, weak controls, high cash balances, and excessive bank charges. As with Sarbanes-Oxley work, this type of project includes reviews of controls over cash management. However, in addition, it also focuses on preventing external fraud, and identifying areas for reducing the many costs related to cash management.

Resulting report provides recommendations and a detailed action plan for reducing cash management costs, improving banking services and internal controls, and strengthening procedures and cash management reporting.

International Cash Management

Review current hedging processes of FX cash and loan balances and activity. Identify potential short and long-term exposures relative to acceptable levels of risk. Determine the most effective hedging strategies for the Company, including netting and the use of derivative instruments. Develop/revise procedures to allow for the control over and proper accounting of FX transactions and any derivatives.

Result is a more efficient, better controlled, and less costly method of transacting business utilizing foreign currencies.

Treasury Management Reviews

As opposed to the tasks performed in a Cash Management Review (above), this review focuses on the company's overall strategies relative to industry best practices in the areas of debt and investments, use of available technologies, foreign exchange risk management, disaster recovery planning, staffing allocation and levels, and other areas.

Resulting report provides comparisons to industry practices and recommendations for improvement.

Forecasting - Cash and F/S

Prepare short or long-term forecasts of company's daily or weekly cashflows and position, or of its monthly financial statements. Develop and document procedures for updating the forecasts by internal personnel going forward.

Result is a significant improvement in the methodology used by the Company to determine its future positions - whether cash, debt, investments, or other F/S items.

RFPs for Banking Services

Develop a request for proposal for banking services, analyze bank responses, and assist with bank service selection and implementation.

Results in rationalized and improved banking services.

Cash Management Reporting and Software

Analyze cash management reporting needs and recommend the best overall solution for you - from a simple internally developed "Daily Cash Report" to vendor software for deposit reconciliation, POS exception reporting, TWS, etc. Assist with report writing and/or implementation.

Result is the best cash management reporting software for your needs.

Other Financial Projects

Other projects include: