Turning Cash Management into a Firm Growth Strategy

Accountants don’t just want to help clients manage money, they want to help them make more of it. That’s exactly what this second webinar in our six-part series tackled head-on. In "Making Money While You Manage It," I sat down with Mike Szarowicz, CFO at Rho, to explore how firms can unlock value from everyday financial infrastructure, such as idle cash, corporate cards, and banking workflows.

For most firms, cash management feels like a passive task. But Mike flipped that on its head: “The cash is already sitting there. The question is, what are you doing with it?”

Mike and I walked through how Rho reimagines the cash lifecycle offering up to 4.38% yield on idle funds¹, paired with 2% cashback² on corporate spend. More importantly, this isn’t just about numbers. It’s about standardizing and scaling value across a firm’s entire book of business.

Why modern banking must become modern infrastructure

We covered how the old playbook of patching together banking, credit cards, bill pay, and treasury is costing firms time, money, and trust. Accountants have absorbed that burden for years, if not decades. But Rho is helping turn it into an opportunity.

“If the platform you're using makes you chase receipts, fight for support, and manually reconcile every transaction—it’s not built for your firm let alone your clients,” I said during the session.

Mike agreed, especially as a CFO: “Legacy banks are not incentivized to help you make better decisions with your cash. They make money when you don’t move.”

Rho flips that incentive structure on its head with no fees, high-yield treasury tools, and integrations that sync to QuickBooks, NetSuite, and Xero in real-time.

How accountants can reframe spend as strategy

The heart of this conversation wasn’t about banking, it was about mindset. Too often, accountants are left reacting to expenses and banking bottlenecks. But with the right infrastructure, they can lead the way. Mike laid it out plainly: 

“Accountants already have the trust. Rho gives them the tools to advise on yield, cash flow, and operations—all without needing to become portfolio managers.”

From card-level controls to real-time insights, we showed how firms can move beyond cleanup mode and start positioning financial ops as a profit center—for the firm and their clients.

“As accountants, we’re not trying to be banks. But we do need modern tools that support how we think, work, and serve,” I said. “That’s what Rho understands.”

Explore Rho for Accountants

About Will Lopez

Will Lopez, chief-architect to People Advisory and fellow accountant, has dedicated his career to supporting accounting professionals and small businesses with more than 20 years of public- and private-sector experience, including founding and building a modern, cloud-based accounting firm.