Business health is just as important as personal health. You see a doctor annually for your checkup, and you should see your branch representative or Business Banking Officer annually for your business checkup, too. Changes take place throughout the year – balances in your deposit accounts fluctuate, lending needs arise, you take on more clients, you hire more employees, the list is never ending. 

During your annual review, we’ll focus on understanding your business, how you pay your vendors, how you collect from your customers, and what your short-term and long-term goals are for your company. We strive to identify ways to save you money, make you money, save you time, and add convenience, all so you can focus on what’s most important: running your business. 

We also offer cash management solutions that create efficiencies for your business, including Remote Deposit Capture (RDC) and Automated Clearing House Origination (ACH). These services save you and your employees time and can be utilized at your office or remotely. 

RDC is used to make deposits at the office instead of sending an office manager to the bank to physically make those deposits. Employees can maximize their time by accomplishing additional tasks during the time that they would be driving to the branch. And, deposits can be made at any time of day with the same availability as an in-person deposits with no limit on the number of deposits made in a day. 

ACH is a simple, secure, and streamlined process for collecting and sending payments electronically via online banking. Instead of waiting to receive checks in the mail, funds are directly debited out of your customer’s account giving the ability to utilize funds quickly. There is a shorter time period for verifying the availability of those funds, which gives peace of mind knowing that the transaction won’t be returned for insufficient funds later. And, ACH is more secure when making payments to vendors and eliminates the check writing process, saving you money on the cost of checks, stamps, and the time it takes for the check to arrive at its final destination. 

When was the last time your business had its annual checkup? 

Stop by your local CNB community office or contact your Business Banking Officer to schedule an appointment today.