Payables
Paying vendors, bills and employees is an everyday part of running a business, so the process shouldn’t slow you down. Bankers Trust offers a variety of payables-related services that can help your business save time and money. View our wide range of services below that can help your business.
Integrated Payables
The Integrated Payables solution from Bankers Trust helps you dramatically increase your payment processing efficiency by allowing you to consolidate all payment types – Automated Clearing House (ACH) transactions, commercial card payments, wires and checks – into a single, standard-format file. Integrated Payables:
- Simplifies payment processing, allowing staff members to focus on higher-value assignments
- Encourages migration from paper checks to more efficient and less expensive electronic payment alternatives
- Offers increased automation and integration with enterprise resource planning (ERP), accounts payable or internal treasury management systems
ACH Originations
ACH originations help you better control your cash flow and provide convenience and security for customers, vendors and employees. The ACH network allows for convenient electronic transactions between financial institutions throughout the United States, enabling you to:
- Expedite availability of funds
- Realize cost savings
- Enjoy a secure and efficient electronic process
- Control cash management
Same-Day ACH
Same-Day ACH builds upon the ACH network’s existing next-day settlement functionality and facilitates same-day settlement of ACH transactions. This allows your business to make payments and move funds faster, enabling you to better manage your cash flow. Same-Day ACH is often used for:
- Faster settlement of invoice payments between trading partners
- Expedited bill payments
- Same-day payroll for hourly workers and flexibility in late/emergency payrolls
Wire Transfers
Wire transfers are a fast and secure way to send funds same-day and manage cash concentration. Our domestic and international wire transfer features include:
- Transfer funds to any financial institution globally
- Specify same-day or future settlement options
- Exceptionally secure
- Convert USD to all major foreign currencies for international wire payments
Account Reconciliation
Whether your systems are fully automated or paper-based, you’ll enjoy the ease and convenience of Bankers Trust’s account reconciliation plans. Each of our options will reduce staff time spent reconciling accounts, improve your ability to audit and monitor account activity and match delivery of information and accounts to your accounting cycle. We offer three account reconciliation options:
- Paid (or Partial) Reconciliation
- Full Reconciliation
- Deposit Reconciliation
Additional Services
Receivables
Collecting receivables efficiently is key to doing business, and in this process, timeliness and security are critical. Bankers Trust offers a variety of services to ensure your receivables run smoothly.
Fraud Mitigation
Security is top of mind for many companies, and it’s a top priority for Bankers Trust. We offer a number of fraud mitigation products and services that reduce your business’s risk of fraud and help you gain peace of mind.
Technology Advances
Bankers Trust has a dedicated product development team that works closely with treasury officers to deploy best-in-class products. This team studies industry trends to identify technological advancements to benefit our clients.
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