Cash Management Solutions

Let our cash management experts customize a solution that keeps your money working as hard as you do. We’ll take the time to get to know you and your business. We’ll offer suggestions and share best practices from other successful businesses, and we’ll implement them on your say-so.

Cash management tools we offer include:

Payables Management

  • ACH – pay vendors electronically with the click of a button through the Automated Clearing House.
  • Direct Deposit – decrease your check-writing and save your employees time by depositing their paychecks directly into their accounts.
  • Wire Transfers – safely send guaranteed funds for same-day credit with online wire transfers.
  • Paragon One Card – set card limits for employee expenses and consolidate payables.
  • Electronic Bill Payment – send payments securely through online banking.

Receivables Management

  • ACH – accept electronic payments from customers directly from their accounts.
  • Lockbox with Imaging – let us go to the mailbox for you and you can view remittances online for posting or payment research. Your customers send payment to our P.O. Box. We collect them and make your deposits daily.
  • Remote Deposit Capture – make deposits from the safety and security of your office with Remote Deposit Capture.
  • Merchant Services – accept all forms of payment via the most up-to-date equipment and online integration available.
  • Electronic Data Interchange – receive detailed remittance information with your electronic payments.

Liquidity

  • Investment Sweep/Repurchase Agreement – put idle funds to work earning interest. We sweep your funds into an investment account to earn interest overnight and sweep them back for use the next morning.
  • Loan Sweep – use excess funds to pay down your loan and reduce your interest expense. As funds are needed, we sweep them into the checking account.
  • Zero Balance Account – exercise greater control over your money. Concentrate funds from sub accounts into your main account automatically with a Zero Balance Account. We sweep funds back in as they are needed.
  • Insured Cash Sweep (ICS) – earn interest and increase your FDIC coverage beyond $250,000 while still maintaining liquidity.

Fraud Prevention

  • Internet Banking – protect your funds with vigilant monitoring. Paragon’s Internet Banking lets you view items in real time and even place stop payments.
  • Positive Pay – let us match items presented against a file you supply. If something doesn’t match, you will be the first to know and can decide how to proceed.
  • Guardian Text Alerts – sign up to receive text alerts whenever your debit card is used.
  • Business Credit Card – control spending and receive greater protection against fraudulent charges with a Business Credit Card.