3 Ways You Can Simplify Operations, Save Time and Increase Profits

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Business team working with papers, view from above

So many businesses are receiving and processing payments manually. Customers are still receiving invoices, filling out a payment form, and writing a check to then mail it into your office where the check payment is marked received and then driven to the local bank for deposit. We get it. Going digital is a daunting task!

That’s why Central National Bank provides business service solutions to help our customers streamline the payments process and simplify your office operations. Gone are the days when you had to drive to the bank and wait in line for the next available teller.

Here are a few ideas to simplify your day-to-day operations:

Bring the teller window to your business with Remote Deposit Capture, ACH Services and/or Lockbox Services from Central National Bank.

Daily trips to the bank can eat into your time and profits while depositing checks less frequently removes your ability for full use of funds. Sign up for all three of these services at the same time, or roll them out slowly if you’re crunched for time.

  • Remote Deposit Capture (RDC) is our one-stop solution for convenient check depositing. You can deposit checks daily and access those funds as early as next the business day using Remote Deposit Capture. Capture money orders, consumer checks, cashier’s checks and corporate checks electronically with a secure, accountable check processing system.
  • Combine Remote Deposit Capture with Central National Bank’s ACH Services for check by phone payments; with proper authorization from your customer or employee, create one-time or recurring EFT (electronic funds transfer) credit and debit transactions. This service also allows check payment acceptance by phone. To help streamline your payment and payroll processes, NACHA compliant ACH files may be uploaded from accounting software directly to our secure online platform for final submission and processing.
  • Don’t forget to ask about Lockbox Services. Central National Bank’s Lockbox Services can help business owners more efficiently manage their incoming payments. How does it work?
    • Payments are routed to a secure post office box held by the bank. Lockbox contents are collected and transported directly to our processing center, imaged, and deposited into your account daily. Payments and reports are viewable via our secure Lockbox online portal, at your convenience. Let us handle deposits for you so you can focus on what’s most important, running your business.

Pay bills, verify issued checks, create and send wire transfers, stop payments on issued checks, transfer funds between accounts, and set up account alerts using one easy Central Business Banking package.

Central Business Banking is a package of services created for businesses to conveniently access their account information online, anytime. Capabilities range from viewing and saving transaction data to issuing bill payments, wire transfers, and more.

Plus, access your information via mobile and text banking on those days when attendance at your child’s sporting event is more important than being behind your desk. Small business doesn’t have to mean inefficient business or inaccessible business. Sign up for Central Business Banking at $10 per month. Receive a reduced rate of $12 per domestic wire transfer; $12 per stop payment.

Non-profit organizations have a need for digital services too. Receive regular payments and donations through your website using Customer Payment Portal.

Sign up for Customer Payment Portal to accept secure, one-time and recurring payment options as well as ACH and check payments through your company website. The system offers a convenient method for scheduling and making payments, meaning it’s easy for your customers to log in and keep track of donations or payments. Easily integrate it into your existing website, and customize it to your needs by adding your company colors, logos, and input fields specific to your organization.

We are happy to provide quotes and conduct demos of all of these products to suit your needs. Give your local branch a call, we’re happy to provide additional information, or even do some brainstorming to get your business operating more efficiently.

 

Avoid these Three Issues and Increase your Business Security

If your business uses the internet or any other network application to reach customers, the question you should be asking yourself is this: Is my business secure?  Check out some of the common security issues among businesses today, as well as simple ways you can protect yourself, your business, and your customers:

Security Issue #1:  Worms and Viruses

According to Cisco Systems, 75 percent of small and medium-sized businesses were affected by a least one virus over the last year.  Worms and viruses can have a devastating effect on a business.  Be sure that your computer systems and any other electronic access to your business is armed with the appropriate programs to detect and repel worms, viruses and spyware at all points of contact.

Security Issue #2:  Information Theft

Unfortunately, information theft is a lucrative business.  Hackers break into business networks to steal credit card and other personal information from consumers.  They then sell that information to the highest bidder for a large profit.  Make the investment to protect your network using firewalls or other protective software.  Additionally, you must make sure you have internal policies and procedures in place to keep this information out of the hands of your employees as well.

Security Issue #3:  Security Legislation

Federal and state privacy laws dictate strict adherence to the privacy of customer data.  In certain industries, your business is held accountable for the adherence to these laws, and ignorance of these laws is not a defense in a court of law.  So, it is imperative that you are clear on the steps you must take to protect your data at all costs.  Check with your attorney and/or compliance officer to be sure you are in compliance with all of the privacy rules and regulations applicable to your particular industry.  Non-compliance with privacy laws can be costly and potentially devastating to your reputation as well as your profitability.

What can you do?

With every advance in technology comes new ways to exploit that technology for gain. New hardware or software releases present such opportunities. When peer-to-peer networking and instant messaging were still relatively new applications, for example, their users were attacked by malicious code written specifically for them. Now, mobile phones are frequent targets of viruses. Without the ability to predict what is coming next, the best defense is one that can easily adapt to future threats, and that is affordable.

The best thing you can do as a business is to keep up-to-date on all anti-virus and malware software, maintain employee policies that limit the use of outside or non-business programs or software, and continuously monitor your system for performance and other threats.  Diligence and preparation are the keys to preventing a major catastrophe at your organization.

CNB Account Named Best Business Checking Account

Our Business Value Checking account has recently been named one of the “Best Free* Business Checking Accounts” by the “nerds” at the popular financial advice company, NerdWallet.com. The people at NerdWallet strive to provide quality financial information and advice to consumers so they are better equipped to make decisions about finances, travel and higher education. Check out the article on their website at http://www.nerdwallet.com/blog/2012/best-business-checking-accounts/

*Please visit our website for a full description of our fees that may be associated with this account.
Please Note: Central National Bank does not endorse or monitor the content of any web sites linked to from this site, and it has no control over each site’s content or offerings. The operator of the site may have a privacy policy different than Central National Bank. Please note that NerdWallet does not have a financial relationship with Central National Bank.