Invest in Cash Management Services

Philip C. Jackson, President, Corporate Banking, Univest Bank and Trust Co.

Philip C. Jackson One investment every company should make is in quality, cost-effective cash management services. Good cash management services can improve your operating performance in three key ways:

  • Cost – Your cost should be commensurate with your monthly volume and the total relationship you maintain with your bank. Periodically check with the competition to ensure you are getting the best value for the services you are using.
  • Efficiencies – Cash management services can make your company more efficient. A good example is lock box services. With this service, your receivable payments are mailed directly to the bank's post office box and processed by the bank. Your files can be electronically updated daily, saving time and expense in your back office.
  • Improved cash flow – Proper use of cash management services can improve your cash flow. In addition to lock box described above, another example is the use of remote capture services. With this service you electronically scan checks received in your office and your cash is immediately credited to your account at the bank.

At Univest, we pride ourselves in providing state-of-the-art cash management services at competitive prices. Please contact our Cash Management Department at 484-931-2608 or cashmanagement@univest.net so we can assist you in reviewing your current services.

Univest Bank and Trust Co. is Member FDIC.


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