Treasury Desk for Companies
A treasury desk built for payments companies
The Setnova Advisory Treasury Desk for Companies is built first for payments companies and fintechs that run on a sponsor bank. It is designed around what makes their treasury different: customer funds that are not the company’s cash, the reserve the sponsor bank holds, settlement prefunding around Federal Reserve holidays, and what each bank charges.
You get me, not only the Desk
I have been Treasurer of a publicly traded regional bank, and I have worked both sides of the sponsor-bank relationship: Senior Treasury Manager at a Series A payments fintech, where I built a treasury platform on a modern ledger, and consultant to a fintech sponsor bank, where real-time payments went live bank-wide in three months.
The monthly fee includes my time:
- Setup: I set up the Desk on your files and tailor it to your company.
- A monthly working session: with me, on your own figures.
- Questions between sessions: treasury questions answered by me.
- Pack review: I review the CFO pack before it goes to your board or lender.
See it on a sample fintech
Below is a demonstration of the Desk on Illustrative Payments Inc., an invented card-program fintech. Every figure, bank and account in it is made up for demonstration.
It is designed to work from files a company already exports: its bank statements, its banks’ monthly account analysis statements and its accounting reports. It is also designed to take the company’s own schedules and reports: its payroll calendar, A/P payment run schedule, recurring and one-off items, debt schedule, processor billing and prefunding schedules, sponsor-bank settlement reports, billing system invoices, loss and dispute reports, and its treasury policy. It is designed to measure cash, a 13-week forecast and liquidity against the company’s own treasury policy and credit agreement, and to show the file behind each figure.
Things to look at:
- Cash today: company cash by bank and entity, with customer funds and the sponsor bank’s reserve held apart, and the items that need attention.
- Fee and idle-cash scan: bank fees to review on the sample account analysis statements.
- Payment calendar: scheduled payments that fall on Federal Reserve holidays over the next 13 weeks.
- What-if scenarios: what lower fee income, a larger reserve or a smaller revolver would do to runway and the policy checks.
Checks compare the sample company’s figures with the sample company’s own policy and credit agreement; the limits are the company’s, not Setnova Advisory’s.
The Desk is designed to measure and report; the scope note on the home page applies to it. It does not move money, choose investments or say what to do about a flag. Results are hypothetical and do not represent any company’s actual or expected performance.
Open the demonstration full screen
The demonstration is laid out for a desktop screen. Open the demonstration on this device, or open this page on a computer.
Not a payments company?
I tailor the Desk to your company: your banks, your treasury policy and your credit agreement. What I set it up around depends on the business, and the tailoring is scoped on the first call.
| Business | What I set the Desk up around |
|---|---|
| Payments company or fintech | Customer funds held apart from company cash, the reserve the sponsor bank holds, settlement prefunding around Federal Reserve holidays, and bank fees. |
| Software company | Cash burn and runway, collections against billings, and the covenant on a venture-debt facility. |
| Distributor or manufacturer | The borrowing base, the timing of inventory and receivables, and seasonal cash needs. |
The demonstration above is the payments sample. For any other business, the Desk is tailored as part of the engagement.
Founding pilot
For the first three companies: a 90-day pilot at $3,500 a month, then $5,000 a month. The fee includes the Desk and my time as set out above.
The Treasury Desk for Companies is set up for each company as part of an engagement.