Payables Management

Improve cash flow and increase forecasting accuracy by controlling payments

We help you streamline administrative tasks that positively impact your bottom line. Implementing customized payables management solutions makes your systems more efficient and secure and lets you focus your time and resources on improving your business.

Controlled Disbursement

Get early, same-day notification of check-clearing totals so you can minimize idle balances, put excess funds to work and avoid needless borrowing for accurate fund disbursement activity.

Account Reconciliation

This efficient, timesaving system gives you two options for reconciling your Cadence accounts to issued-check records.

• Partial Reconciliation — Provides you with details on paid items to help in reconciling check activity.
• Full Reconciliation — This report lists paid, unpaid and exception items to match checks submitted for payment against your issued check information.

Direct Deposit

Electronically deposit your employees' paychecks directly into their checking or savings account at a Cadence Bank or any other financial institution in the country. Use direct deposit for dividends, expense reimbursements and other payments to get funds distributed smoothly and quickly.

Tax Payments

Sign up with the Internal Revenue Service or your state tax agency to have your state and federal taxes paid electronically using Cadence’s Online Banking ACH system. A fast and trouble-free way to make business tax payments.

Wire Transfer

Transfer funds to other financial institutions – domestic or international – using the Internet or by speaking to a Cadence Wire Transfer representative. Cadence will provide notification of all wire activity.

Foreign Exchange

At Cadence, we develop foreign exchange risk management programs by helping you identify your exposure, measure your risk and establish a Foreign Exchange strategy. We consult and work with you to formulate customized solutions that help protect your business.

Purchasing Card

The core of an efficient procurement process, the Cadence Purchasing Card mitigates complications typically encountered in tracking and reconciling purchases. Employees can make authorized purchases that are fully integrated into a payables process for all your purchasing and general expenditures.

PayCard

Employees who do not have a bank account can get quick and easy access to their pay while you reduce your payroll administration costs using this cost-effective solution. Employees can enroll to receive a reloadable Visa® Debit Card-PayCard. The card can be used to make purchases wherever accepted and also for cash withdrawals at participating ATMs.

Credit Cards

Get a better handle on your travel and hospitality expenses while earning valuable rewards. Put the power of Visa® to work for your business.

Contact us to learn how our payables management solutions can help your business. If you have an existing business banking relationship, contact your Business Banker.