Accounts receivable payments are mailed directly to your lockbox giving you greater security and control over who has access to checks payable to your business. As your business grows, the volume of check payments it processes also grows. Manual systems of collecting checks can be labor intensive. For more information, contact us . Maintaining a sound cash management program designed to increase the control and availability of cash can improve your company's earnings.
Cash management is accomplished by design through one, or a combination of the following services.
Cash concentration is a system through which businesses with widespread geographical locations can concentrate funds into one control account. By using First National Bank's Cash Management Service, your company can move funds electronically from accounts held as other banks into your First National Bank account. Funds are transferred to one single account for accurate monitoring and control. Next day funds availability through ACH transactions. Increased control over your banking network.