Cash Management Services
Helping You Manage Your Company's Cash Flow
Heritage Bank understands that managing a company's cash flow is one of the most important parts of running a business. That's why our Cash Management Services professionals spend time getting to know your business and its cycles so we can offer solutions that are designed just with your company in mind.
We offer a range of cash management solutions designed to help you speed collections, control payments and manage funds more efficiently. Our goal is your goal - to help you maximize cash balances and reduce interest expense - saving you both time and money. Our Cash Management Services professionals will work with you to design a program that will help your business achieve its cash flow objectives.
Heritage Bank Cash Management Services offers:
Information Services
Collection Services
Disbursement Services
Other Services
Information Services
Online Cash Management / Commercial Connection
Heritage Bank Online Cash Management allows business customers to access their business account information from virtually any computer with an Internet connection. With Commercial Connection, you can monitor your daily cash position and confidently make borrowing and investing decisions. Customized security levels protect access to data.
Features
Balance information
Book transfers
Stop payment requests
Wire transfer initiation
Online statements
Ability to export transactions into spreadsheets and databases
Benefits
Convenient and quick access via the Internet
Increased control of your cash
Ability to create reports by exporting information into Accounting Software.
We also offer the ACH Editor which gives you expanded capabilities to set up, perform and track ACH transactions from the convenience of your own office. The ACH information is entered into a spreadsheet format with columns, rows, cells and toolbar. You may import NACHA-formatted ACH files from an external source into the ACH editor as well.
In order to utilize Commercial Connection, you simply need the following basic system requirements in place:
100% IBM-compatible 486 or higher PC
Windows® 3.1, Windows® 95 or higher
Compatible modem or internet access
Heritage Bank will provide any installation and customization needed as well as offering training to your employees.
Contact one of our Business Banking Professionals today or call 678-284-3433 for one of our technical specialists.
Clayton County
Roseann Monteleone
770-478-8881
Henry County
Kim Devine - West
Lisa Jackson - East
Kelly Haring - North
770-478-8881
Fayette County
Denise Arnold
770-478-8881
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Collection Services
Let Heritage Bank help you increase the speed of the collection and processing of your company's receivables. Our Collection Services help move funds into your accounts quickly and reduce the level of receivables processing in your office.
Cash Concentration
Cash Concentration is ideal for businesses with multiple locations making deposits at several different banks. With Cash Concentration, you can transfer funds from any of your other bank accounts into your Heritage Bank account(s) via the Automated Clearing House (ACH).
Features
Web-based application
Multiple security levels
Transfers permitted from any ACH member bank
Benefits
Cost effective way to transfer business funds
Minimizes excess balances among several accounts
Improves cash flow
Preauthorized Direct Debit
Automate the collection process by directly debiting your customers' bank accounts for recurring charges. This quick and easy process provides accurate and timely collection of payments and improves your cash flow.
Features
Multiple security levels
Transaction reports accessible via your computer
Data can be exported into your accounting system
Benefits
Speeds collection process
Eliminates expense associated with mailing and processing receivables
Reduces cost of collecting payments
Improves cash flow
Convenient way for customers to pay you for recurring charges
Merchant Services
Heritage Bank can help you establish a new merchant services program or provide a cost effective alternative to your present merchant processing solution. We offer a customized, high-performance program that allows you to accept credit and debit cards from your customers in addition to offering them other e-commerce payment solutions.
Features
Traditional merchant point-of-sale, industry-specific
Monitor bank deposits and charge-backs online
Online access to transaction data and activity reports
Benefits
Helps you serve customers quickly and accurately
Hands-on training available
Competitive discount rates
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Disbursement Services
Move funds more efficiently with Heritage Bank Disbursement Services. These services will help you streamline the payables process and reduce administrative costs by giving you control over how and when cash moves out of your accounts.
Direct Deposit
Direct Deposit allows your company to provide a valuable, low-cost benefit to your employees. Save time and money by automating regular payments to employees. Direct Deposit can be used for payroll, expense reimbursement, pension payments or any other type of payment you make to employees. You can also increase the efficiency of payroll administration through the elimination of paper checks.
Features
Transactions can be created online or imported from third-party
software
Web-based solution
Password-protected
Funds are available for withdrawal the morning of the pay date
Benefits
Faster preparation and processing of payroll
Eliminates stop payments and reissues due to lost/stolen checks
Effective method of paying non-local employees
Zero Balance Account
With a Zero Balance Account (ZBA) from Heritage Bank, you can maintain a business checking account without unproductive excess cash balances. Each day, your ZBA is funded to cover all incoming debit transactions. After all transactions are posted, the account is reconciled with a lead account and is returned to a zero balance.
Features
Automated process moves funds as needed
Detailed monthly statement summarizes activity
Eliminates excess balances
Benefits
Saves administrative time and expense
Eliminates tracking of funding requirements
Eliminates overdrafts
Produces a clear audit trail
Business Sweep Accounts
Armed with your cash position, you now have access to services to help you manage your payables, receivables, and concentrate your funds so you can make important borrowing and investment decisions.
Business Sweep Accounts allow companies to sweep free DDA balances (collected funds less reserves) into overnight repurchase agreements which are not FDIC insured. All funds over the target balance established will be invested. If the target balance is not met on a particular day, an investment will not be made for that day.
Features
Automated process moves funds as needed
Detailed monthly statement summarizes activity
Eliminates excess balances
Benefits
Saves administrative time and expense
Eliminates tracking of funding requirements
Eliminates overdrafts
Produces a clear audit trail
Online Wire Transfer
Online Wire Transfer from Heritage Bank allows you to move money quickly, safely and conveniently. You can transfer funds to any financial institution by initiating repetitive wire transfers via our Online Cash Management product.
You will assign each of your authorized company employees an individual ID and password to access the Online Wire Transfer system. Additionally, you can establish maximum daily amounts and maximum transaction amounts each employee is authorized to initiate.
Features
Customized security levels
Dual control features
Ability to establish templates for recurring transfers
Benefits
Enables secure transactions
Saves time and expense
Provides audit trail reports
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Other Services
CD Rom Statements
Monthly Commercial Checking Statement and checks written are available on a CD-ROM along with the necessary software to review or print the information.
Courier Service
Courier Service from Heritage Bank allows you to save time and money by providing you with a scheduled courier to pickup your check deposits. The convenience of allowing a courier to pickup your deposits is just a phone call away.
All of your check deposits are placed into secure deposit bags so there is no worry about your deposits being reviewed prior to delivery to the bank. The contents of your deposits are reconciled to a Bill of Lading and any discrepancies are reported to you by telephone. We will also give you same day credit for your deposits.
To find out more about how Heritage Bank can help your business contact:
Clayton County
DeeDee Peppers
770-478-8881
Henry County
Kim Devine - West
Lisa Jackson - East
Kelly Haring - North
770-478-8881
Fayette County
Denise Arnold
770-478-8881
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