Corporate Disbursement Services
We succeed because we help you succeed.

Disbursement Services:
Commerce allows you to pay vendors, employees and other payees quickly, efficiently and inexpensively and you can select the best method available from paper to electronic means. Our Treasury Plus+ information allows you to see next day checks being presented.

Other services include:

• ACH credits that facilitate direct deposit of employee pay, payroll withholding and income tax/excess tax remittances and other payments to vendor.
• Wire transfers that can be originated by Treasury Plus+.

Whatever the payment method, we offer a number of solutions for account reconciliation needs such as Account Reconciliation and Positive Pay.

Zero Balance Services:
Zero Balance Accounts or "ZBA's" allow you to consolidate funds into a single concentration account and fund daily clearings from secondary accounts automatically. A ZBA allows your company to segregate and monitor deposit and disbursement activity for multiple business accounts such as an Operating Account, Payroll Account, and a variety of other accounts. At the end of each business day, if any of the ZBA's are deficient, the concentration account is drawn down to fund the ZBA, bringing its balance back to zero while maintaining a clear audit trail. If any of the ZBA's maintain excess balances, the excess cash is transferred to the concentration account. The ZBA approach gives your company centralized control over funds management, while individual divisions or locations maintain decentralized payment authority. Less time is needed to monitor accounts, and idle balances are concentrated to provide maximum benefit.

Call us at (508) 791-9674 or Email us.