Managing payables can be a cumbersome task. Watermark Bank can simplify the process while reducing your exposure to error and fraud. Our customized payment solutions can lessen administrative efforts, cut costs and ensure security. By automating key components of the payables process, we'll give you more control over the timing of your payments while optimizing cash flow.
Simplify Your Outflow Of Funds
Watermark Bank can enhance the efficiency of your business by providing solutions that improve your payables process:
- Automated Clearing House (ACH) Origination: Pay vendors, employees, expense reimbursements, and federal taxes. Disperse cash and move funds to other accounts.
- Business Bill Pay: Schedule electronic recurring or one-time bill payments. Save time and money on check writing, postage, and envelopes.
- Domestic and International Wire Transfers: Initiate and approve outgoing wire transfers. Enhanced security features allow you to establish dual control requirements and maximum dollar limits for online users.
- Commercial Credit Cards: Exercise greater security and control for your day-to-day business purchases, vendor payments, and travel and entertainment expenses. Simplify reporting and transaction management.