Treasury Management - Receivables Solutions
Your corporate success is our business
Modern banking tools to optimize cash flow without compromising security.
We deliver contemporary liquidity solutions with high quality customer service and an unsurpassed commitment to the technology of secure banking.
Oakwood Bank Commercial Center
Oakwood Bank Commercial Center is the cornerstone of out treasury and cash management services. The online banking service provides access to your account balances and transactions and to the other electronic services that we offer. With its state-of-the-art security, you can feel comfortable that your accounts are protected and only authorized individuals have access to your accounts and can approve transactions.
Remote deposit capture allows your business to deposit checks directly from your offices minimizing or eliminating the need for trips to the bank saving your business time and money.
The origination of Automated Clearing House (ACH) debit transactions provides your business the ability to directly draft your customers for the payment of products and services. By directly debiting customer accounts, you can speed up the processing and payment cycle for your receivables or other payments due thus providing quicker access to funds for working capital needs.
Lockbox services automate the account receivable cycle for the acceptance and posting of checks. Your customers mail their payments made by check to our lockbox provider that opens the mail, scans the check and any documents, creates a posting file to update your accounts receivable system, and sends the payments to the bank for processing. This service reduces the amount of manpower you require to process and post check payments.
For businesses that accept credit and debit cards for the payment for services, we have cost effective products using the latest technology allowing your business to meet the needs of your customers in the rapidly changing world of electronic payments.
*Subject to credit approval.