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Cash Management Services

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Maximize Your Cash Flow with Minimal Effort

Cash management assists business clients in the effective collection, handling, and usage of cash by assessing market liquidity, cash flow, and investments. Successful cash management involves reducing the length of account receivables (AR), increasing collection rates, selecting appropriate short-term investment vehicles, and increasing cash on hand to improve a company's cash position and profitability.

As a small business developer, successfully managing cash is an essential skill to overcome limited access to affordable credit and managing upfront costs while waiting for receivables. Wisely managing cash enables your company to meet unexpected expenses and to handle regularly occurring events such as payroll distribution.

Cash Position

Cash includes bank accounts and marketable securities, such as government bonds.  Although cash typically refers to money in hand, the term can also be used to indicate money in banking accounts, checks, or any other form of currency that is easily accessible and can be quickly turned into physical cash.

Receivables Management

An invoice is reported as a receivable—cash earned but yet to be received. Depending on the terms of the invoice, the business may have to wait 30, 60, or 90 days for the cash to be received. It is common for a business to report increasing sales, yet still run into a cash crunch because of slow or poorly managed receivables. Your business can do a number of things to accelerate receivables and reduce payment float, including clarifying billing terms with customers, using an automated billing service to bill customers immediately, using electronic payment processing through the bank to collect payments, and staying on top of collections with an aging receivables report.

Payables Management

When you control your business payables, you can better control cash flow. Improving the overall efficiency of the payables process can reduce costs and keep more cash working in the business. Payables management solutions, such as electronic payment processing, direct payroll deposit, and controlled disbursement can streamline and automate the payables functions.

Most of the receivables and payables management functions can be automated using business banking solutions. Technology now allows smaller businesses to access the same large-scale cash management technologies used by bigger companies. The cost savings generated from more efficient cash management techniques easily offset the costs allowing management to reallocate precious resources to growing the business.

Here's how cash management can help your business

Receivables

  • Remote deposit capture
  • Mobile deposit
  • Merchant Services

Payables

  • ACH and wire payments
  • Bill pay
  • Card solutions
  • Check payments
  • Payroll solutions
  • International payments

Account management

  • Account structures
  • Automated sweeps
  • Investment solutions
  • Cash flow advisory

Online Services

  • Account activity Alerts
  • Mobile Banking
  • Technical support

Fraud prevention

  • Positive Pay
  • ACH blocks/authorizations
  • Account reconciliation
  • Card solutions
  • Online/mobile security