You need a system that will allow you to satisfy payments when they are due, while eliminating the accumulation of idle cash. From our full suite of electronic- and paper-based solutions Colorado Business Bank's treasury specialists will work with you to develop a system of efficient and cost effective disbursements.
Account Reconciliation Program (ARP)
Timely account reconciliation is important for controlling and monitoring the flow of your company’s funds and it is the basis for sound financial reporting. ARP is designed to automate and expedite that process while mitigating the risks of internal and external fraud or accounting errors. We offer several types of ARP services depending on your needs: Partial ARP, Full ARP and Depository ARP.
Business Bill Pay
With Business Bill Pay you can schedule recurring payments, consolidate numerous invoices from one payee into one payment, research the status of pending bills, and receive bills electronically.
This service provides an efficient and cost-effective alternative to paper storage or microfilm. By archiving your transactions to CD-ROM, you’ll have fast, convenient access to check images and bank statements.
Controlled Disbursement provides early morning notification of the precise dollar amount of checks presented that day. The account is funded from your operating account leaving excess bank balances to reduce short-term borrowings and/or increase your investment earnings.
Electronic Payables (ACH & Wires)
Electronic payments can reduce the cost of disbursements and decrease the risk of internal and external fraud on a checking account, making account reconciliation and cash forecasting much easier. Our online systems allow you to originate your ACH (Automated Clearing House) payments and wire transfers with dual control and token authentication.
This product is the most effective way to combat check fraud. Positive Pay enhances your accounts payable system by providing daily risk controls and expediting the reconciliation process. For customers who are unable to submit an issue file to the bank, we offer a Reverse Positive Pay solution with the same fraud-fighting benefits.
Purchase Card/Corporate Credit Card
Our Purchase Card/Corporate Credit Card solutions can help you control spending, provide purchasing flexibility for employees and protect against employee misuse. The cards also provide a way to reduce the reconciliation workload associated with the accounts payable process.