BUSINESS » Cash Management
Cash is the lifeblood of your business. How it is collected, invested and paid out can have a huge impact on your bottom line.
You need the tools, systems and financial leadership to help you:
- Boost cash flows with collection and investment services
- Reduce costs with automated payment services
- Increase efficiencies with real time reporting and information
At Northeast we can help you see the big picture – understanding your business needs on both sides of the balance sheet to maximize your cash flow so you can do what you do best, run your business. Whether your company operates from a single location or multiple sites, with Northeast Bank’s Cash Management tools you’ll find financial solutions and personal service tailored to meet your unique business needs.
Collection Services
Receive payments faster and more efficiently
- Remote Deposit Capture - Deposit your checks without ever leaving your office
- Cash Concentration - Consolidate funds from operating accounts at other banks
- Merchant Services - Accept credit, debit and benefits cards with an electronic payment system
- ACH Services - Bill your clients automatically
- Lockbox Services - Accelerate your collection cycle
Investment Services
Put your idle funds to work
- Investment Sweep Services - Invest excess funds automatically overnight
- Repurchase Agreements - Protect your funds in a collateralized investment
- CDARS - Invest high balances ($100k+) in FDIC secured accounts
- Loan Sweep Services - Pay down your loan automatically
- Full-Circle Option - Let the system automatically invest or pay down on your loans
Payment Services
Streamline your outgoing payments
- Northeast Bill Pay - Pay your bills online
- ACH Services - Set up recurring billing and payroll payments
- Payroll Services - Outsource employee payroll and expense management
- Wire Transfer Services - Make same day payments
- Tax Payments - Pay your quarterly taxes electronically
Information Reporting
Get up-to-the-minute transaction history
- Northeast Online - Access your accounts 24/7, see real-time balances and activity.
- Electronic Data Interchange (EDI) - Receive detailed records of vendor payments
- Analysis Services - Receive one billing statement showing all account fees and earnings
For more information and a custom-tailored proposal contact:
Greg Gagne, VP Corporate Services
800.284.5989 ext 3818
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