Accounts Receivable Solutions
Accelerating cash flow so you can take control.
Confident cash management starts with quickly turning payments into working capital. Our suite of accounts receivable solutions can help you accelerate your company’s cash flow, giving you better control of your finances. Explore our services below to learn how First Farmers can help your business grow.
ACH (Automated Clearing House)
ACH origination provides security layers such as assigning users, authority limits and accounts permitted to originate ACH. Use our Business Online Banking product to complete ACH from the convenience of your office and reap the benefits. With ACH you can:
- Import ACH items using NACHA formatted files or by using templates
- Set approval levels at set-up based on the amount of the ACH by user and the degree to which the user can initiate and/or transmit the ACH request
- ACH File return reports
- Dual control available
- Notice of Change Reports early fraud detection
The deadline for originating an ACH file is 3:00 p.m. CT.
Lockbox Services
Accelerate your receivables processing time with First Farmers’ Lockbox Services. With this remittance processing product, you can substantially streamline your accounts receivables and cut out hours of your collection processing by automating the receivables posting. Lockbox Services:
- Increase staff productivity
- Decrease the potential for theft, fraud and error
- Increase overall cash flow
Include file transmission for automated receivables posting
Remote Deposit Capture
Want to save your business time and money? With Remote Deposit, checks are scanned at your office and automatically deposited into your business account, allowing you to better concentrate on what’s really important – running your business. With Remote Deposit you can…
- Save travel and banking time
- Enjoy better security
- Access deposited funds more quickly
For more information about Remote Deposit services, equipment options and pricing, call our Treasury Management department at 800-882-8378.
Safepoint Cash Management
First Farmers has partnered with Loomis to bring you SafePoint®. The SafePoint® solution helps reduce concerns over cash-management risks to your business by:
- Reducing or eliminating cash shortages. SafePoint® pushes employee accountability through your operations and closes gaps where cash can disappear
- Improving security for you and your employees. SafePoint® dramatically reduces the risk of robbery, injury and the liability associated with making cash deposits
- Increasing profitability. Through the reduction of cash shortages and in time spent managing cash handling, SafePoint® provides more free time to improve business operations and customer service
- Smart safes count cash, reject counterfeit money and secure your cash
- SafePoint® automated reporting system provides real-time, detailed reports of your cash flow
- Armored transportation conveys a secured presence
Merchant Card Services
First Farmers partners with BancCard to offer a wide range of innovative payment solutions. These services are designed for virtually any type of merchant payment.
We have a depth of merchant credit card services and business management solutions that offer you greater control over customer payments, daily operations and reporting to increase sales and revenue by:
What We Offer
- Face to Face Consultive Meeting
- Expedited Funding Available
- 100% Local Service
- Simple Month to Month Plans
- 24/7 Support and Online Reporting with BancCard
Whether you are just starting your business or you are transitioning from another merchant card service provider, our team will help you get set up and trained so your business does not miss a transaction!
Complete Cash Management. From cash in to cash out, First Farmers offers a variety of treasury management solutions to help your business streamline its cash flow.
Explore more banking solutions.
Accounts Payable Solutions
Simplify the way you manage expenses and pay bills, while reducing risk.
Fraud Prevent Solutions
Safeguard your finances and protect your information with secure banking solutions.
Account Management Solutions
Access account and transaction information to see real-time balance details.
