In today’s fast paced business environment, managing working capital and liquidity is challenging. To maintain a competitive edge, you need flexible cash position management solutions to help you manage your accounts. We offer a full range of tools to help you simplify account reconcilement and at the same time optimize working capital.
Zero Balance Account
Centralized and automated management of funds enables greater optimization and less clerical workload than manual management. With a Zero Balance Account, you can establish independent operating sub-accounts that are linked to a single master account. At the end of the processing day, the sub-account ledgers adjust to zero or a chosen threshold amount and the appropriate amount automatically transfers from your master account to fund disbursements, or to the master account to concentrate deposits. Accounts also offer flexible configurations, allowing you to customize control and detail reporting based on your needs.
Deposit Sub Accounting
Deposit Sub Accounting can help eliminate the need for multiple bank accounts, while maintaining the reporting integrity at the sub-account level. By establishing virtual sub-accounts, you have the ability to open and close sub-accounts, maintain separate statements, track balances, deposits and check disbursements. You can also allocate interest earnings and/or interest expense by division, department, customer or legal entity within one master bank account.
Eliminate excess balances
With our cash concentration service, you can reduce excess balances. We also offer overnight Business Sweep to help you maximize returns on your operating cash.
Some of the features of our cash position management solutions are:
Optimize your funds with Zero Balance Accounts
Our Zero Balance Account option gives you greater control over your funds—and many other benefits.
Savings and ease with Deposit Sub Accounting
Deposit Sub Accounting can help consolidate multiple sub-accounts under a single master account. This service allows you to maintain separate statements and track transactions by sub-account.
Make the most of your cash reserves
Gain more control and visibility into excess balances by consolidating funds from multiple deposit accounts to a master collection account.
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