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How Do Companies Benefit From ACH Applications?

Direct Deposit

     - Streamlines the reconcilement process.
     - Eliminates critical delivery of checks since funds are        automatically deposited.
     - Eliminates special checks for employees away from work or on        vacation. Minimizes storage and security of check stock.
     - Reduces employee time lost due to personal banking business        on payday. Additional employee benefit for little or no cost.

Direct Payment

     - Funds collected are available on a scheduled date such as the        billing due date.

     - Check handling and manual payment processing are eliminated.
     - Costs associated with printing and mailing monthly bills may be eliminated. Item processing costs        are reduced.
     - Delinquencies of receivables are significantly reduced.
     - Eliminates erroneous checks (i.e., no signature or wrong amount). Reduces the possibility of        insufficient funds.
     - Eliminates costs associated with billing and second notices.
     - Allows businesses to offer additional customer payment service.

Cash Concentration

     - Funds are collected on predetermined dates
     - Cash flow forecasting and funds management are improved. Provides next-day funds availability from        outlying locations. Provides the conveniences of automated transactions. Reduces the need for        expensive wire transfers.

Corporate Payments

     - Improves cash flow forecasting
     - Assures payment discounts for predetermined payment dates. Reduces internal processing costs.        Reduce bank service charges
     - Improve vendor relationships as a result of more timely payments

Re-presented Check Entries

     - Improved collection rate on returned checks. Lower costs.
     - Faster notice of returned re-presented check entries via the ACH. Ability to transmit entries on        specified dates.

Point-of-Purchase Entries

     - Faster collection of funds, Lower costs.
     - Faster notification of returned entries.

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