Receivables
When it comes to collecting payments for your business, efficiency, timeliness and security matter. Bankers Trust provides a range of services that help accomplish all three as part of our comprehensive treasury management offerings. Learn more about each of our receivables-related solutions below.
Integrated Receivables
The Integrated Receivables (IR) system is an AI-powered, modular Accounts Receivable (AR) solution that replaces a company’s manual, siloed workflows with an automated platform. The platform not only helps to reduce the amount of time spent managing AR, but also provides ways for teams to better collaborate. Benefits include:
- Automated Cash Application
- Risk-based Collections Platform with customizable, automated campaigns
- Customer Invoicing and Payment Portal
- Advanced Reporting
- Credit Management
ACH Originations
ACH transactions originated through Bankers Trust help your business collect funds efficiently. The ACH network enables convenient electronic payments between financial institutions throughout the United States, so your collections start working for you faster. With ACH – including same-day ACH transactions – your business can benefit from:
- Expedited availability of funds
- Cost savings
- A secure and efficient electronic process
Remote Deposit
Save your business time and money by depositing your customers’ checks electronically. With Remote Deposit, you’re able to scan received checks and transmit the images electronically for clearing without ever leaving your workplace. Benefits include:
- Deposit checks anytime, 24/7
- Reduce courier fees or trips to the bank
- Receive the highest level of protection with multiple layers of security
- Reduce time, paper and storage costs
Lockbox Services
Lockboxes make it easier for your business to collect receivables. Bankers Trust will set up a specific address for the lockbox where your business’s customers can mail payments, and we will process the payments on behalf of your business. When you allow Bankers Trust to deposit receivables into your bank account, your business will enjoy faster collection of funds, improved audit control and increased security.
Lockbox options include:
- Retail or Wholesale Lockbox – options based on the volume and payment amount
- Remote Lockbox Capture – multiple remote lockbox capture sites, using a centralized lockbox location for processing
- Bill Payment Consolidation – consolidate electronic payments and Internet Banking into a single file
- i-Remit Portal – web-based system where you can view reports, remittance documents and checks
Cash Services
The Bankers Trust cash vault securely and accurately deposits cash and coin. We can also fulfill your business’s cash and coin orders in all sizes. These services save your employees time, while providing exceptional security. Customers can use an armored car, delivery service or their own vehicle to deliver deposits or pick up cash orders. Features include:
- Deposit or order cash and coin in any size
- Secure counting and storage
- Same-day credit for deposits received by 4:00 p.m. Central Time on business days
Cash ordering is available online. The Online Cash Ordering System is available 24/7 from any device, including mobile, tablet or desktop.
Merchant Card Processing
Bankers Trust partners with Professional Solutions Financial Services to deliver high-quality merchant processing at a great price.
Additional Services
Payables
When it comes to payables, Bankers Trust has the right mix of disbursement services to help you efficiently manage this side of the balance sheet, too. We offer everything from wire transfers to account reconciliation.
Fraud Mitigation
Security is top of mind for many companies, and it’s a top priority for Bankers Trust. We offer a number of fraud mitigation products and services that reduce your business’s risk of fraud and help you gain peace of mind.
Technology Advances
Bankers Trust has a dedicated product development team that works closely with treasury officers to deploy best-in-class products. This team studies industry trends to identify technological advancements to benefit our clients.
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