Efficient receivables management is key to maintaining healthy cash flow and ensuring the financial stability of your business. Our Treasury Management Receivables solutions are designed to streamline the process of receiving and processing payments, helping you reduce collection times, improve accuracy and enhance your bottom line.
Our Strategies
Automated Clearing House (ACH)
- ACH draft customer accounts for payments
- NACHA file import
- Custom ACH reporting
- Dual control feature
Lockbox
Lockbox allows for quick and efficient payment processing into a client’s commercial account in order to speed deposit processing and to relieve bookkeeping workload. Benefits include:
- Reallocation of resources: Labor-intensive payment processing is eliminated, allowing those resources to be redeployed elsewhere.
- Improved cash flow: Accelerating the collection process increases your working capital and allows faster access to the funds.
- Enhanced payment processing: Payments are processed quickly and errors are reduced.
- Better security and safety: Improve security by separating invoicing and receiving functions.
Remote Deposit Capture (RDC)
Streamline your business check deposit process and improve cash flow with Remote Deposit Capture. RDC is a technology that allows bank customers to deposit checks electronically into your business account from your home or office.
- Deposit one or multiple checks: Scan and capture multiple checks for a single deposit, review check totals and make any necessary error corrections before submitting the complete deposit to the bank. You also have the ability to review your deposited check images up to 2 years after they are deposited.
- Increase working capital & improve cash flow: With the flexibility and convenience of an extended deposit deadline, you have more time to make additional deposits, allowing funds to be available a full day earlier.
- Centralize deposits for multiple locations: For companies with more than one location, Remote Deposit Capture allows multiple users to make check deposits from various locations through one single platform that can be managed by an administrator.
- Eliminate time-consuming trips to the bank.
- Deposit checks 24/7 from anywhere in the U.S.
- Deposit multiple checks for a single deposit.
- Process daily checks at your convenience.
- Check totals and make error corrections before submitting the deposit to the bank.
- Review your deposited check images.
- Research payments and access reports.
- Access to in-house support to assist with install, training and troubleshooting.
Merchant Services
Merchant Services encompass a range of financial services and tools that enable businesses to accept and process electronic payments.
- Point-of-Sale (POS) Systems: These are the devices and software used to process transactions in physical stores. They can handle credit card, debit card and contactless payments.
- Credit Card Terminals: Physical devices that allow businesses to swipe, dip or tap credit cards for in-person transactions.
- Merchant Accounts: Special bank accounts that hold funds from card transactions before they are transferred to the business’ main bank account.
- Business Management Software: Tools that help manage orders, inventory, employees and customer data.
- Online Payment Solutions: Services that facilitate online transactions, such as e-commerce platforms and payment gateways.
