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Union Bank & Trust offers a variety of Automated Clearinghouse (ACH) services that allow you to convert your businesses payables and receivables to electronic transactions. ACH is cost-effective, secure and you will know exactly when your collections and disbursements will clear. You can track your company’s cash position accurately and base treasury management decisions on precise information.
ACH applications include:
- Direct deposit of payroll — Paying your employees electronically cuts payroll processing time, eliminating printing, preparation, reconciliation and special handling of checks.
- Payables — Paying vendors and individuals electronically reduces the number of paper checks you will need to handle. ACH vendor payments are fast, easy and accurate, reducing administrative time and costs. Additionally, ACH vendor payments eliminate the potential fraud risk associated with mailing paper checks through the postal system.
- Receivables — Automatically collect regular recurring payments from your customers-corporate or consumer . The speed and accuracy of ACH pre-authorized debits reduces or even eliminates the expense of billings, collections and reconciliation, and improves receipts forecasting.
Web Cash Manager
Our Internet ACH software allows you to transmit a NACHA formatted file directly to the bank, or create and save databases with ACH transaction information. Web Cash Manager also allows you to set up recurring transactions, creating ongoing efficiencies for you month after month.
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