Disbursements
Reliably make payments, so the work of doing business doesn’t take so much work.
Commercial Card[cite::2511::cite]
In today’s global marketplace, companies are more diverse than ever in how and where they do business. It is more important than ever to find simple solutions that bring your corporate expenses back into tight control and efficient management.
That is what the Commercial Card[cite::2512::cite] is designed to do. The Commercial Card is a single charge card that allows companies to take advantage of simplified management and maximized savings.
Features and Benefits
- Online Administration The Card Management program allows you to issue, close and change cardholder access from the convenience of your computer.
- Purchasing Control Designate what types of purchases are authorized and define credit limits for individual cardholders.
- Revenue Sharing Competitive annual profit sharing. Earn more for increased spend.
- Electronic Expense Reporting Manage your expense report online, including card transactions and out-of-pocket items. Transmit receipts through a mobile picture upload.
- Travel Expense Control Create a travel expense program offering maximum flexibility and usability for traveling employees.
- Fleet Monitoring Facilitates easy payment for all fleet expenses, including repairs and purchases at service stations nationwide.
- Extensive Reporting Through Visa IntelliLink®, management reports help pinpoint buying trends and preferred suppliers. Significantly reduces the costs associated with requisitions, purchase orders and checks.
- Integration Your card transaction data can be integrated into your accounting system through customizable reports.
- Corporate Billing All your Commercial Card payments are billed through a single source; reducing the time spent on administration, helping you achieve greater cost savings.
- Account Management Team With a dedicated account manager, you have an experienced resource to help you maximize your program’s potential.
Integrated Payables
Integrated Payables is a fully integrated invoice-to-pay solution that automates your accounts payable and payment process. Issue Commercial Card, ACH[cite::2121::cite] and check payments from a single location. Replace the manual and time-consuming process of collecting, approving, tracking and paying invoices with an end-to-end customizable electronic workflow. Experience the benefits of increased AP efficiency, reduced processing costs, greater control of outgoing cash flow, reduced payment risk and improved internal accounting controls.
Features and Benefits
- Save Time An active synchronization with your accounting software allows you to save time by reducing manual payment entry and posting. Spend less time on your daily payables and more time growing your business.
- Create Cost Efficiencies & Improve Cash Flow You choose when and how to pay your vendors so that you maximize benefits back to your business. Gain extra cash by taking advantage of early pay discounts. And even earn greater rebates by increasing payments made with Commercial Card.
- Streamline Your Workflow A streamlined, predictable AP process with a single actionable view of payments reduces the opportunity for error. Issue Commercial Card, ACH and check payments from a single location.
- Reduce Risk of Fraud Reduce risk of internal and online fraud through advanced security features. Integrates with Positive Pay.
- Active Synchronization Bi-directional integration with common Accounting/ERP applications.
- Invoice Capture Important invoice information (vendor, payment terms, line level information) is automatically extracted from paper and electronic invoices and presented to AP staff for review and routing to individual departments for approval.
- Invoice Approval Workflow tools enable AP staff to route uploaded invoices to departments for approval. An unlimited number of scanned invoices and other supporting documents can be stored in the solution.
- Payment Authorization Approved invoices can then be aged and approved for payment according to your cash management policy. Payments can be approved for Commercial Card, ACH or check. Payments are processed directly from your account without the use of settlement accounts. Use important payment controls: segregation of duties and dual approvals for payments above certain thresholds. Mobile support: Payment approvers can review and release payment instructions through a web interface.
- Payment Remittance Electronic remittance details are sent to vendors.
Controlled Disbursements
Efficiently managing the day-to-day cash funding needs of your company can be challenging. Controlled Disbursement Services are designed to provide accurate disbursement totals early each day. With the knowledge of exact disbursement funding requirements, maximum utilization of funds can be achieved.
Features and Benefits
- Eliminate Forecasting. Know when checks will clear an account through accurate reporting services.
- Provide Accurate Totals Daily. Checks that are posted at night are available through a web-based balance reporting service early the next morning.
- Maximize Funds. Eliminate idle balances and get the information you need to maximize interest income on deposits and minimize interest expense on loans.
- Works with Positive Pay. Assists in compliance with Sarbanes Oxley.
- Enhance and Ease Research and Reconciliation. Utilize offerings like account reconciliation and image services. Offers account reconciliation and image services to enhance and ease research and reconciliation.
- Additional Average Float. Provides remote presentment points that result in additional average float.
Payroll Card
The Skylight® PayOptions[cite::2513::cite] program is an innovative and convenient payroll card solution that allows organizations to achieve a cost effective, 100% electronic payroll for employees without traditional banking services or for those who simply want more options.
The Skylight ONE Card is a Visa® branded card that provides access to funds at millions of ATM and retail locations, even online and over the phone. In addition, the Skylight ONE Card offers flexibility and convenience, plus several features and benefits.
The Skylight® PayOptions Features and Benefits
- FDIC Insurance. Funds in cardholder accounts are FDIC insured, up to FDIC coverage limits, through participating bank partners.
- Visa Zero Liability and Regulation E. Cardholder’s online, signature, and PIN based transactions. Enjoy all the fraud protection benefits of Visa’s zero liability program and federal Regulation E.
- Seamless Integration. NetSpend® handles all aspects of program management and works directly within employers’ current payroll systems.
- Portability. Employees can continue to use the same account and card should they change jobs.
- Instant Issuance. Employers receive branded Instant Issue Packs that allow the flexibility to enroll employees online as needed.
- Worldwide Acceptance. Cardholders can spend their funds anywhere Visa debit cards are accepted for purchases.
- Convenience Checks. Cardholders can utilize Skylight Checks to draw 100% of payroll funds from their accounts.
- Real‐Time Funding. An ACH funding alternative for clients which is available 24/7.
- Corporate Portal. The Portal is an employer’s single access point for conducting program management functions such as enrollment, real‐time funding, and reporting.
- Dedicated Support. Implementation and Client Services support teams facilitate the ordering and distribution of marketing materials, Instant Issue Packs, and any additional information needed for employers and employees to get started with the Skylight ONE Card experience.
- Training and Communication Materials. NetSpend’s proven training and communication methodology and activation strategy allow clients to maximize employee participation.
- 24‐hour Account Information. Cardholders have 24/7 access to account information via text or email alerts, automated phone system, and online banking.
- Unparalleled Access to Funds. Cardholders can obtain their entire pay free of charge through multiple channels. Certain other transactions may incur fees.
Wire Transfer Services
We provide both domestic and international wire transfer services for our customers. Wire transfers are as simple as turning on the computer or picking up the phone. You can initiate wire transfer requests over the telephone or using your personal computer.
Features and Benefits
- Expanded Security Controls. Security features include personal identification numbers, dual authorization and maximum dollar limits on an account and / or individual basis when calling or scheduling wires online. When initiating payments online, users will require a username, password, and secure entry token.
- Repetitive Wires. We can establish convenient, pre-arranged wire instructions as repetitive transfers, indicated by a repeat number. Each time you process repetitive transfers, simply input any variable repeat numbers, amounts, and text. You can use this feature over the Internet or over the telephone.
- Automatic Standing Transfers. If you need a repetitive transfer (e.g., daily, weekly, monthly), you can pre-arrange transfers so that they are completed automatically.
- Future-Dated Transfers. We initiate wires for transfer on future dates to accommodate your special needs. When you set up a future-dated transfer, we do not move the funds until the future date; however, the future date cannot exceed 90 days. You can use this feature over the Internet or over the telephone.
- Drawdown Wire Transfers. You initiate drawdown requests to consolidate funds from your company's or another party's account at a different bank. With proper authorization at the sending bank, the funds are transferred to your account through incoming wire transfer.
Contact Treasury Management
Dallas:
214-754-9474
Houston:
713-235-8805
San Antonio:
210-343-4419