Mayfair

Mayfair’s Munish Chopra was featured today by Forbes regarding the uncertainty ahead in 2024. His advice to business CFOs? “… [From] a CFO perspective or from a business perspective, assuming there’s a soft landing is probably a risky move. I think you’re supposed to assume that things do get worse, and then hope for a soft landing. But you need to be prepared, because if you’re not prepared, you might end up in much more trouble than you were if you had positioned yourself a bit more conservatively for this.” #softlanding #uncertainty #cfo

As we move into another year full of unknowns, we're taking a breather to look back on what we've been able to develop in such a short period of time, thanks to a great team and great customers. #yearinreview #cashmanagement #fintech

If you have multiple admins attached to your account, you can now establish company-wide control rules requiring a second approval for any outbound transfers meeting certain criteria. https://lnkd.in/g8MG2KV2

Flowers For Dreams is on track to earn $100k in interest within its first year with Mayfair's platform banks. We sat down with their CFO, Alex Wasserman, to learn how. 1) Challenge: Like most companies, Flowers For Dreams must constantly have cash on hand. Floristry is sensitive to seasonal and market fluctuations and high inventory costs. But that cash on hand could be earning interest—and they can’t leave that on the table. 2) Strategy: Mayfair offered the best of both worlds. A high-yield account provided by its partner banks that wouldn’t lock away Flowers For Dreams’ operating funds, plus peace of mind knowing their balance is insured well above the standard FDIC coverage by the Enhanced Deposit Protection Program available to customers of Mayfair and provided by Third Coast Bank and its network of participating banks (1). 3) Results: - $100,000 in projected interest during its first year on the platform - 75% more idle cash generating interest - 40 hours saved every year on cash management The best part? Flowers For Dreams has a charitable mandate, so maximizing cash means giving back to their community. To learn more, check out the full case study here:

Flowers For Dreams is on track to earn $100k in interest within its first year with Mayfair. We sat down with their CFO, Alex Wasserman, to learn how. 1️) Challenge: Like most companies, Flowers For Dreams must constantly have cash on hand. Floristry is sensitive to seasonal and market fluctuations and high inventory costs. But that cash on hand could be earning interest—and they can’t leave that on the table. 2️) Strategy: Mayfair offered the best of both worlds. A high-yield account that wouldn’t lock away Flowers For Dreams’ operating funds, plus peace of mind knowing their balance is insured well above standard FDIC coverage—in their case, every penny of their cash. 3️) Results: - $100,000 in projected interest during its first year - 75% more idle cash generating interest - 40 hours saved every year on cash management The best part? Flowers For Dreams has a charitable mandate, so maximizing cash means giving back to their community. To learn more, check out the full case study here: https://lnkd.in/ebF9XQ98

As we've discussed for the past year, volatility and uncertainty tend to correlate when it comes to the economy. While we rarely pay much attention to forecasts, what is worth noting is that today they differ much more than usual. Avoid price and duration risk, stay liquid, and let the opportunity come your way. #volatility #liquidity #riskmanagement

Despite hearing plenty about “soft landings,” the reality is there has only been one actual soft landing in the US over the past 43 years. It was the mid-1990s, when the Cold War was ending, the Federal budget was in surplus, and globalization was on the upswing. None of this is the case today. #SoftLanding #Recession #TreasuryManagement

"Mayfair worked with Third Coast Bank, SSB and Treasury Prime to craft a robust Know Your Customer (KYC) identity verification program. To date, they have had zero instances of fraud on the platform." We've enjoyed working with Treasury Prime and Third Coast Bank, SSB as we continue to build for businesses looking to intelligently manage their cash. #cashmanagement #security #treasurymanagement

The new designated account feature is built for customers who prefer to keep yield earned separate for accounting purposes, or need to because they must keep earned yield separate, e.g. for security deposits or grant monies. Similarly, administrators can use this feature to ensure that account fees, e.g, wire fees, are not deducted from accounts designated for other purposes.