Improving Cash Flow and Streamlining Processes
From payroll distributions to collecting payments from customers, every business owner can benefit from utilizing Paper City Savings Bank’s Automated Clearing House (ACH) services for payments and deposits. With these services, you’ll be able to pay employees, vendors and suppliers faster while also speeding up your collection processes. This means faster processing times, reduced operating, and improved cash flow for your business. Contact our Business Banking Team to learn more about ACH services and how we can help your business.
How ACH Services Benefit Your Business
- Improved Cash Flow: ACH payments ensure timely and predictable funds transfer. As a recipient, you’ll receive payments on the due date without delays. Additionally, when you make a payment, the funds won’t be debited until their due date. All this means your cash flow is much more predictable from week to week and month to month.
- Cost-Effectiveness: ACH transactions are more affordable than paper checks, credit cards, or wire transfers.
- Streamlined Operations: ACH services can replace traditional paper checks and manual credit card payments. By automating these processes, your staff will spend less time and money on payments and collections.
- Enhanced Security: ACH offers better security compared to checks. Transactions involve fewer intermediaries, reducing the chance of fraud.
- Convenience and Flexibility: ACH services allow you to automate your processes to reduce the potential for collection and distribution errors by automating your processes. It’s a convenient way to pay vendors, suppliers, and employees.
