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Collections & Receivables

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Collections & Receivables

Collections & Receivables Solutions

Our collection solutions provide reliable management of your company’s accounts receivables. Our services streamline your collection process, consolidate paper and electronic payments, and reduce payment collection times to allow faster access to funds. With continuous access to information, TRUSTCITYBANK Receivable Management solutions allow you to focus on more profitable activities.

Accounts Receivable (A/R) Lockbox

Our Accounts Receivable Lockbox is a comprehensive receivables management solution designed to turn your receivables into cash faster and allow your business to focus on more profitable, revenue generating activities.

Features & Benefits

  • Comprehensive, cost effective access to your collected funds position
  • Timely payment collection and cash application
  • Same-day, online access to incoming payment information for posting
  • Full color images of checks and associated remittance documents
  • Customized batching and processing times
  • Incorporate credit card payments into the lockbox process
  • Integrate payments received at your office into your receivables posting and information

 Unique Receivables Management Capabilities:

  • Payment alerts: Track anticipated payments for more effective receivables management
  • Continuous information updates: Review receivables throughout the day and improve timing of important customer decisions
  • Flexible search capabilities: Save time with a wide range of search options to improve research and exception management
  • Exception management: Immediate online notification of exception items for decision and/or modification
  • Optical character recognition (OCR) remittance processing:Combine coupon scanning with payment collection to virtually eliminate time spent updating your accounts receivables

Remote Deposit Capture: TRUSTCITYBANK e-Deposit®

Our TRUSTCITY e-Deposit provides the convenience to make check deposits right from your office, eliminating trips to the branch. Checks are scanned and imaged on your premises using an office PC and a check scanner. Deposits can be sent electronically to TRUSTCITY anytime rather than spending time driving to a branch and later deposit times give you added convenience and flexibility.

 

Features & Benefits

  • Check data and images are captured on your premises using an office PC and a low-cost image scanner
  • The deposit is transmitted to TRUSTCITY via a secure Internet connection (you can send the deposit electronically up to 7:00 p.m. (EST) for same day credit)
  • Check images and data are captured, inspected, corrected, and balanced at your location using industry-leading technology, and items and data are transmitted to the Remote Deposit Capture central site for processing
  • You can deposit checks from multiple locations into a single account for reduced costs and improved re-concilement of your deposits

Let’s Talk

  • Email us
  • Call: 330-614-7688