Payables Solutions
Managing your business's cash flow efficiently is crucial. We are dedicated to fostering strong relationships and supporting our community of business customers with innovative and reliable products to help maximize your cash flow.
Our comprehensive suite of payables solutions is designed to:
- Streamline your payment processes,
- Reduce costs, and
- Enhance your financial control.
ACH Credit Origination
Improve cash flow and streamline payments to employees and vendors, and transfer funds between accounts electronically using the secure Automated Clearing House (ACH) network of regional associations. ACH allows for quick, secure, and cost-effective payments, including payroll, vendor payments, and more.
US Dollar and Foreign Currency Wire Transfers
Send and receive time-sensitive US and foreign currency transactions in real-time. Our wire transfer products ensure that your high-value and time-sensitive payments reach their destination promptly and securely, both domestically and internationally. Our international wire transfer services allow you to send and receive funds securely and efficiently across borders.
Foreign Currency Purchases and Exchange
Purchase or exchange over 70 different foreign currencies at any of our branch locations.
Letters of Credit
Facilitate international trade with a letter issued on your behalf by Enterprise Bank to another financial institution (typically in a different country) to serve as a guarantee for payments.
Documentary Collections
A global trade solution where Enterprise Bank will forward documents and payment instructions to another financial institution on behalf of the customer.
Corporate Purchasing and Travel & Entertainment Credit Cards
Unify processing, simplify management, and maximize savings with corporate credit cards for procurement, employee purchases, and travel and entertainment expenses. Eliminate the need for petty cash and cash advances and receive detailed transaction data on every purchase. Fully integrates with your electronic reporting system. Access to the VISA® worldwide network helps employees purchase goods and services around the globe.
Bill Pay
Manage your bills efficiently with our business bill pay service. Schedule payments in advance, track due dates, and avoid late fees, all through our user-friendly online platform. This service is designed to give you greater control and visibility over your outgoing payments.
Receivables Solutions
Efficient receivables management is crucial for your business's cash flow and overall financial health. Our comprehensive suite of Receivables Solutions is designed to help you:
- Accelerate collections,
- Reduce processing times, and
- Enhance cash flow management.
Lockbox Services
Simplify your payment processing and accelerate cash flow with our Lockbox Services. Eliminate mail processing and speed funds collection by directing customer payments to a secure post office box maintained on your behalf. A dedicated team will retrieve, process, and deposit payments that can be posted to your accounts receivable system.
Express Deposit - Remote Deposit Capture
Deposit checks quickly and securely from your office with Remote Deposit Capture. This product allows you to scan checks and transmit the images directly to Enterprise Bank for processing via Business Suite Online Banking, reducing the need for physical trips to the bank and expediting access to your funds.
ACH Debit Origination
Automate your collection process by having your customers’ recurring payments debited from their accounts. This process requires authorization from your customers.
Merchant Card Services
Keep your business running smoothly with our Merchant Card Services program for accepting credit and debit cards. From contactless payments to online ordering solutions, we offer a variety of tools that help you manage transactions efficiently and securely through our provider.
Rent Collection Solutions with ZRent
Managing tenants is a major undertaking, especially when it comes to collecting, depositing, and reporting rent. Manual processes can make it difficult to grow your business quickly or smoothly. We’re committed to partnering with you to help solve your business challenges. And that’s why we’re offering ZRent to any client who keeps their primary business checking account with us.
Digital Escrow Capabilities with ZEscrow
Make managing security deposits simple. This digital escrow and subaccounting tool will assist in maintaining subaccounts, allocating funds, and tracking interest earned. Save time and paper with this easy-to-use solution.
Incoming International US Dollar and Foreign Currency Wires
Receive money electronically from parties overseas safely, securely, and quickly in US dollars or foreign currency. Use Enterprise Bank’s SWIFT code: EBTCUS33 for incoming international wire transfers.
Foreign Check Collection Processing
Deposit checks into your Enterprise Bank account that were issued from a foreign bank or in foreign currency.
Why Choose Enterprise Bank?
- Expertise: Our experienced team understands the complexities of payments and receivables management and works closely with you to tailor solutions that fit your business needs.
- Technology: Leveraging the latest technology, we provide efficient and secure products that streamline your processes and enhance your operational efficiency.
- Support: Enjoy personalized support from our dedicated customer service team, available to assist you with any questions or issues that arise.