Effective management of treasury operations requires maintaining a precise understanding of your companys daily cash position. First Banks Gateway service provides all areas of your business with the secure, online tools needed to manage bank balances, monitor incoming and outgoing account activity, initiate electronic payments, improve controls, mitigate financial risk, and keep your cash flowing.
- Accounting/Accounts Payable
Retrieve online account statements to expedite account reconciliation
Retrieve check images, as needed, for proof of payment
Place, cancel stop pay requests and monitor the status of outstanding checks
Initiate outgoing wire transfer and ACH payments and verify status
Establish system alerts for cleared checks or approvals pending for wire transfer and ACH transactions
- Credit Management/Accounts Receivable
Use convenient search capabilities to address inquiries repayment transactions
Verify the status of incoming wire transfer and ACH payments
Establish system alerts for incoming check, wire and ACH payments
- Audit and Control
Protect against check fraud through use of online Positive Pay reporting services
Monitor exception item activity, such as returned checks
Establish multiple levels of internal company control for ACH and wire transfer payments
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