It is clear that life is not going to resemble “normal” for quite some time due to the ongoing COVID-19 pandemic, which continues to bring challenges to so many. Business owners across Massachusetts and Rhode Island are anxious to get their organizations thriving again while adhering to the latest safety requirements, ensuring the safety of their employees and customers.
Rockland Trust has partnered with our business customers to understand their obstacles and work toward identifying banking solutions that can offer a resolution. We then asked our banking experts to share some insight regarding what services might be of most use to business owners right now, as well as in the future. Below are four key banking services to consider:
Merchant Service Solutions
Contactless payment methods have become more common throughout this pandemic. As customers and employees look for ways to avoid contact at the point of sale, businesses may need to understand the options to make that possible. Rockland Trust partners with Elavon to provide businesses with safe, secure contactless payment services.
Corporate Credit Cards
Much like personal credit cards, corporate or business credit cards can offer additional financial flexibility that can be invaluable in times like these. For example, it assists business cash flow by allowing 30 days for payment instead of immediate fund withdrawal. Because your financial needs are not identical to other businesses, there are many different credit card options — in terms of perks, rewards, fees and more — available to meet your specific requirements.
Automated Clearing House (ACH) Origination
Process payments and receivables electronically with ACH origination, allowing you to accelerate your financial cycle. In addition, this service can bring operational efficiencies, reduce administrative or other operating costs and improve cash flow.
Learn more about different ways to pay your business bills >>
Remote Deposit Options
Conveniently deposit checks from your office. You can deposit a high volume of checks using a remote check scanner. This means you can multitask in your office while still keeping your financial operations moving.
While a remote check scanner offers convenience, it may not make sense for your business depending on the number of checks you process. You may be able to utilize mobile deposit for the time being, or other deposit solutions. Consult a banker to find a solution that best meets your needs.
Interested in how these services can help your business? Contact our Treasury Management Team!
When all is said and done, we will remember the relationships that helped us through this trying time. At Rockland Trust, we are here for business owners at all stages, from just getting a business idea off the ground to passing down a family business to the next generation and everything in between. Our Learning Center has advice, stories and other helpful information for business owners.
