Invest in Cash Management Services
Philip C. Jackson, President, Corporate Banking, Univest Bank and Trust Co.
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 firstname.lastname@example.org so we can assist you in
reviewing your current services.