Cash Management
 

 

Section Header:  Cash Management
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Our Cash Management products are intended to help your business operate at the most effective and efficient level possible.

First Level Products
 
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Lockbox

Do customers mail payments to you?  Do you hold checks over a couple days because your staff doesn't have the time to process them?  If so, then consider the benefits of our automated lockbox processing services.

Act Now!

Call us at 314.862.8300 for more information

FEATURES:

  • Reduces postal delays caused by having customers' payments delivered to your business address
  • Clerical time is reduced by having the bank open the payment envelopes and deposit the payments directly into your bank account
  • Lockbox payments are received and deposited all within the same day
  • Faster access to remittance funds - lockbox services generally increase availability of funds by at least one day
  • Saves staff time driving to the bank to make the daily deposit
  • Lockbox services can be customized to fit your needs
  • Transmissions of receipted items allow for prompt posting to company general ledger systems
  • Customized remittance reporting
  • Options for handling of rejected or mismatched items
  • Segregation of duties and closely audited financial operations

Equal Housing Lender Logo  An Equal Housing Lender. Member FDIC.

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 Lockbox
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Capital Markets

Central Capital Markets offers a wide selection of fixed income products with access to over 100 bond trading desks across the country. Our fully automated trading desk is accessible for those organizations wishing to stay involved in the daily investment process. We buy and sell U.S. Treasury, Government Agency, Municipal, and Mortgage Backed Securities and provide exceptional execution in all fixed income products.

Our service team hosts an array of talents and is dedicated to helping you compete and succeed in managing your assets. We work hard to provide our customers with trusted advice and exceptional service at an affordable cost. Our investment/portfolio division manages over $3 billion in assets and holds over $7 billion securities in safekeeping.

Equipped with state-of-the-art technology resources, Central Capital Markets uses a multi-product portfolio management and accounting/safekeeping system. This offers a full front office solution while supporting the investment operations and customer safekeeping management.

We have discovered it is not the size of the engine that matters but how well it is tuned. It is our job to understand your institution, your goals, your structure, your vision - we become your team. We will work continuously to find new efficiencies, monitor your situation and suggest adjustments, and create opportunities for your institution, so that you can improve your total performance capabilities.

Not a deposit. Not FDIC insured. Not insured by any federal government agency. Not guaranteed by the bank or any of its affiliates. May go down in value.

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 Capital Markets
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Controlled Disbursement

With Controlled Disbursements, you will eliminate check clearing guesswork and simplify funding decisions.

When you know how much will clear your controlled disbursement account on a daily basis, you can add efficiency in forecasting cash needs, reduce borrowing costs and maximize your investment return on excess balances.

Act Now!

Call us at 314.862.8300 for more information

Here's How It Works:

  • Checks are drawn on your Controlled Disbursement account and presented to us for payment through the Federal Reserve System early each day
  • We receive a transmission of the check information
  • We automatically extract the data to provide you notification of 100% of the disbursement amount for the day

Features:

  • Earlier Clearings Totals
  • Detailed Presentment Information
  • Funding via Wire Transfer or ACH
  • Account Reconciliation
  • Positive Pay
  • Free eStatement

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 Controlled Disbursement
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Sweep Account

Sweep accounts provide your company a competitive rate of interest, convenience and complete reporting with a full array of services all wrapped into one account.

Act Now!

Call us at 314.862.8300 for more information

Here's How it Works:

  • Funds are swept from your business checking account into an overnight repurchase agreement (RP)
  • At the end of each business day, all transactions (deposits, securities activities, checks, wire transfers, etc.) will be posted to your account
  • Funds will then be automatically invested in an RP
  • Bank securities are pledged to eliminate the FDIC insurance concerns

Features:

  • Sweep Accounts offer daily notices and detailed activity on the bank statement
  • Notices include information such as amount invested, interest rate, collateral assignment and market value of collateral

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 Sweep Account
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Zero Balance Account

A Zero Balance Account (ZBA) works by automatically transferring balances from subsidiary accounts into a master account bringing the collecting account to a zero balance at the end of each business day.  This gives you the flexibility to manage separate accounts for each of your company's locations, and minimizes idle cash in multiple checking accounts. You eliminate the manual task of monitoring and transferring account balances plus, you improve funds usage.

Act Now!

Call us at 314.862.8300 for more information

Features:

  • The ZBA sweeps balances into and out of designated accounts as checks are written and deposits are made
  • BusinessLink transfer capability on all ZBA’s
  • Real-time reporting of all ZBA and Master Account balances at anytime
  • Separate accounting and segregation of funds, without the need to specifically fund for disbursements
  • Quickly assess cash position at any time during the day
  • Automated transfer of funds requiring no manual intervention
  • There can be as many ZBA's as needed and deposits and disbursements flow from the ZBA’s to the master account
  • Subsidiary system to the Sweep Account System

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 Zero Balance Account
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Commercial Payments
AP Solutions

Generate income1 from your business by automating your accounts payable system and replacing checks with electronic payments - all at no cost to you!

Get Started!

To find our more information about AP Solutions, contact Jennifer Ashby at 314.746.4671 or email
Jennifer_Ashby
@fnbstl.com.

AP Solutions®2 is a web-based card management and reporting system that offers your business a better way to integrate electronic payments into its accounts payable system. This state-of-the-art payables processing  system will allow you to pay invoices more efficiently, have better control of your cash flow, and provide vendors with reporting that enhances their posting process. Best of all, your day-to-day accounts payable operations can remain the same. Your vendors submit invoices and you process and approve them the same way you do today; the only thing that changes is the settlement process.

Benefits:

  • A more automated and streamlined accounts payable process
  • Reduced costs due to fewer checks and more electronic payments
  • Better control of cash flow
  • No change in day-to-day accounts payable operations
  • Secure payments that fit your company’s business rules — less risk of fraud
  • Vendor is not required to currently have a Visa®/MasterCard® merchant acceptance program.
  • Potential for revenue share1
  • No cost to implement

Features:

  • Automated electronic payments to vendors
  • Exceptional on-demand reporting
  • State-of-the-art payable processing center
  • No-hassle vendor enrollment
  • Fast and easy payment to vendor’s account through Deposit Pay® or Notify Pay® features
  • Purchase pre-approval process available through P-Log® feature
AP Solutions is designed for hospitals, municipalities, county government, K-12 schools, higher education, and commercial companies with a minimum of $30 million in sales revenue.

AP Solutions is offered through Card Services, a business unit of Columbus Bank and Trust, another division of Synovus Bank.
1) Revenue share based on volume; 2) Subject to credit approval

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 Commercial Payments
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