How Your Bank Can Help Manage Your Cash Flow Is cash flow tight right now? Successfully managing a company requires the right people, the right products — and the right tools. Delivering convenience to customers and managing transactions efficiently is all part of keeping the cash flowing. With a steady stream of cash at the ready, you'll be more protected from market fluctuations, have more flexibility to make decisions and be able to invest in growth.

How Your Bank Can Help Manage Your Cash Flow

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Is cash flow tight right now? Successfully managing a company requires the right people, the right products — and the right tools. Delivering convenience to customers and managing transactions efficiently is all part of keeping the cash flowing. With a steady stream of cash at the ready, you’ll be more protected from market fluctuations, have more flexibility to make decisions and be able to invest in growth.

Here are 5 ways your bank can help you manage your cash flow. Some of them might surprise you!

Cash Management Tools

Whether you’re a startup or you’ve been in business for decades, cash management services should be available to you. Online banking and bill pay can help manage your accounts and loan payments remotely, allowing you more time to spend with customers. Your bank may even offer services like payroll, remote deposit capture and fraud protection.

Insurance Premium Financing

These days, many banks offer insurance services in their list of offerings. Commercial insurance, such as property, liability, umbrella, fire and auto policies, may be available to you at special commercial insurance premium prices. Affordable monthly payments and greater flexibility mean you can maintain optimal cash flow and satisfy mandated coverage requirements at the same time.

Lending

Banks offer lines of credit, basic loans, leases and specialized financing options to help businesses improve their cash flow. Lines of credit are one of the most flexible options, ideal for a business’s short-term needs. You can also maintain necessary capital for business acquisitions and take advantage of leasing equipment in a way that conserves capital and minimizes taxes by getting a commercial loan or lease.

Business Credit Card

A business credit card can help keep the cash flowing and ensure your business expenses stay separate from your personal ones. You may want a card that offers rewards, such as cash back, or a low APR (annual percentage rate). Some cards let you add additional cardholders and increase an employee’s credit limit, and of course you’ll have access to real-time account information and spending analysis.

Merchant Services

Giving your customers easy ways to pay, especially with credit card sales, is vital to any business. No matter the size, merchant services can increase sales, decrease costs and improve cash flow. Point of sale systems, like Square, Payline and First Data Solutions, manage payments for you and can also process refunds and payroll and provide marketing services.

Cash Management Tools Whether you’re a startup or you’ve been in business for decades, cash management services should be available to you. Online banking and bill pay can help manage your accounts and loan payments remotely, allowing you more time to spend with customers. Your bank may even offer services like payroll, remote deposit capture and fraud protection.   Insurance Premium Financing These days, many banks offer insurance services in their list of offerings. Commercial insurance, such as property, liability, umbrella, fire and auto policies, may be available to you at special commercial insurance premium prices. Affordable monthly payments and greater flexibility mean you can maintain optimal cash flow and satisfy mandated coverage requirements at the same time.    Lending  Banks offer lines of credit, basic loans, leases and specialized financing options to help businesses improve their cash flow. Lines of credit are one of the most flexible options, ideal for a business’s short-term needs. You can also maintain necessary capital for business acquisitions and take advantage of leasing equipment in a way that conserves capital and minimizes taxes by getting a commercial loan or lease.   Business Credit Card  A business credit card can help keep the cash flowing and ensure your business expenses stay separate from your personal ones. You may want a card that offers rewards, such as cash back, or a low APR (annual percentage rate). Some cards let you add additional cardholders and increase an employee’s credit limit, and of course you’ll have access to real-time account information and spending analysis.    Merchant Services  Giving your customers easy ways to pay, especially with credit card sales, is vital to any business. No matter the size, merchant services can increase sales, decrease costs and improve cash flow. Point of sale systems, like Square, Payline and First Data Solutions, manage payments for you and can also process refunds and payroll and provide marketing services.

 

 

MidSouth Bank offers a full range of business services, from eBanking to cash management tools, merchant services through First Data Solutions and lending and financing. Find out more.

 

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