Business Banking

Payables Management

Control of payments to improve cash flow and forecasting accuracy.

Controlled Disbursement - Minimize idle balances, put excess funds to work, and avoid needless borrowing with Cadence Controlled Disbursement Service. Cadence Bank’s Controlled Disbursement service provides early same-day notification of your check clearing totals, allowing you to accurately fund disbursement activity.

Account Reconciliation - Account Reconciliation provides an efficient, time saving method for reconciling your Cadence accounts to your issued-check records.

• Partial Reconciliation assists in the reconciling of check activity by providing you with your paid items in detail.
  
• Full Reconciliation matches checks submitted for payment against the issued check information you provide Cadence Bank. Our reports will list the paid, unpaid and exception items.

Direct Deposit - Cadence Bank can electronically deposit an employee’s net pay into a checking or savings account at Cadence Bank or at any other financial institution in the country. Direct Deposit can also be used for dividend payments, expense reimbursements, and other distributions to individuals of your choice.

Tax Payments - At Cadence Bank you have the opportunity to pay your state and federal taxes electronically via our Online Banking ACH system. Once you have signed up with the Internal Revenue Service or your state tax agency, you simply begin initiating your payments. It is fast, safe and easy to use.

Wire Transfer - Cadence Bank offers both domestic and international wire transfer services. Move funds easily and quickly in a safe and secure environment to other financial institutions using the Internet or by talking directly with a Cadence Wire Transfer representative. Cadence Bank will also provide you with timely notification of all of your wire activity.

Purchasing Card - Purchasing Card helps eliminate the complication of tracking and reconciling purchases. It let’s your employees spend, as authorized, and can be fully integrated into your payables process. With Cadence Purchasing Card, you gain an efficient procurement and payment solution for all of your purchasing and general expenditures.

Pay Card - Pay Card provides a cost-effective way to give your employees who do not have a bank account, access to their pay while reducing your payroll administration costs. Instead of paper check or direct deposit, enrolled employees can receive a reloadable Visa Debit Card—PayCard. Your employees can immediately spend wherever the Visa card is accepted, and withdraw cash from participating ATMs.

Foreign Exchange - Cadence provides foreign currency exchange consulting and creates customized solutions to help you formulate and implement a foreign exchange risk management program. Let us help you identify your exposure, measure your risk, and establish a Foreign Exchange (FX) strategy to help protect your business.