Cash Management
Manage your finance, safely, efficiently and securely
What are Cash Management Services in Banking?
Every business needs cash. You need it to buy inventory, pay employees, and settle debt. However, it’s not just about having enough cash – it’s about having access to the right amount of cash at the right time.
That’s why cash management plays such an important role in the success of your business.
What are cash management services?
Cash management services are when a financial institution offers advising and various tools to optimize your business’s cash flow. The goal of these services is to maximize liquidity and reduce the cost of doing business.
Having a banking partner that can help you with cash management can make a marked difference in your company’s growth. Plus, the risks of poor cash management are high and put you at risk.
How cash management helps businesses thrive
With proper cash management, you can accurately forecast future financial performance. You’ll have a better sense of when funds are coming and going. This helps you streamline the collection of accounts receivable and anticipate accounts payable.
Cash management not only enhances the health of your business, it also can improve relationships you have with vendors, employees and others who rely on you; and allows you to be proactive in growing your business, rather than reactive.
What are cash management services?
Cash management services are when a financial institution offers advising and various tools to optimize your business’s cash flow. The goal of these services is to maximize liquidity and reduce the cost of doing business.
Having a banking partner that can help you with cash management can make a marked difference in your company’s growth. Plus, the risks of poor cash management are high and put you at risk.
How does the right bank help with cash management?
At Havin Bank, we provide our large corporate customers with tailored cash management solutions, designed to facilitate the management of their payments and receivables processes.
We work closely with our customers to gain an in-depth understanding of their business operations and to identify areas in which we can add value. We then structure tailored solutions designed to optimize their back office process efficiency, give them greater control over their cash flow positions and provide them with timely and accurate information on their accounts.
We use state-of-art infrastructure, processes and security to ensure the smooth and efficient delivery of all our transactional banking products and services.
Collections
Havin Bank’s Collections products are designed to expedite the receipt of funds into our customers’ accounts and to help them manage their receivables processes with greater efficiency.
Payments
Havin Bank’s Payments products are designed to facilitate the management of our customers’ payments processes. The result is a reduction in routine administrative tasks and increased payment efficiency.
Account Information
Havin Bank can provide you with detailed account information to facilitate your accounts reconciliation process.
Direct Payroll Deposit
A common goal for business and institutional organizations is to increase efficiencies and reduce costs. Our Direct Deposit of Payroll service helps you do both by allowing you to deposit employees’ net pay directly into their bank accounts.
Business Online Service
With our Business Online Banking Service, you can enjoy the convenience of banking when and where you want, and take full control of your business finances. View account balances, transfer funds, request stop payments, and so much more – all with a few simple clicks.
Wire Transfer Service
Sending and receiving domestic wire transfers is easy and convenient. Save money and time while enhancing security by originating wire transfers online through Havin Bank. Our International Funds Transfer Service enables customers to move funds overseas quickly, safely, and inexpensively.