Not Using Remote Deposit Technology? It’s an Easy Innovation for Your Business
Sometimes it’s the small-scale innovations that can make a real difference. Think: cup-at-a-time coffee makers or keyless car doors. Or retractable garden hoses. For your business’ cash management, remote deposit capture is the banking equivalent of this kind of simple, everyday technology that can add real efficiency and ease for your company’s financial operations.
Using remote deposit capture means your business can transmit check deposits to your bank electronically. For check-centric businesses – everything from property management companies and retailers to professional services, health care providers, realtors, municipalities, utilities, home services contractors and more across the business landscape – remote deposit capture offers convenience, streamlined record keeping and timely deposit of funds.
“It’s the convenience factor,” says Bruce Davidsmeyer, Vice President, Product Management, Western Alliance Bank. “Without remote deposit capture, the deposit process is time consuming and inconvenient. Traditionally, a staff member will prepare a deposit and then make a trip to the bank, taking valuable time away from the office. This process might happen 20+ times a month. Or a business could hire a courier or an armored car service. Instead, a business can use remote deposit capture, which provides a much more cost-effective alternative, not to mention other benefits including robust deposit research and reporting capabilities that allow for integration with a company’s accounting system.”
Benefits of remote deposit capture also include reduced administrative duties, building in flexibility and adding security, as well. Here are just a few ways using remote deposit capture can benefit your business:
- Timing of making your deposits is up to you, whether during bank hours or not. The service also makes it easy to consolidate funds from different locations.
- Depositing checks directly from your premises reduces the number of people who need to handle your paperwork, limiting the chance of loss or error.
- Remote deposit capture provides check images and deposit history online. As a result, account research is quick, easy and accessible any time.
- The process can seamlessly integrate with your accounting software.
- Depositing funds quickly to your desired account maximizes your business’ cash flow.
Getting started with remote deposit capture is simple – all a business needs is a computer, an internet connection, a dedicated check scanner and a web browser. While many banking organizations offer remote deposit services, you’ll want to find the right resource for this increasingly essential convenience. Consider:
- A commitment to customer service, including hands-on training for staff members, alongside on-demand support.
- Delivery of not just remote deposit capture, but also a full suite of treasury management products tailored to your specific needs.
- Flexible online management tools that work for a big enterprise or a sole proprietorship, with access and security options suited to your business.
- The ability to offset the cost of remote deposit services via the breadth of your banking relationship.
“The appeal on the front end is convenience and the reduction of the time your staff uses to prepare and deliver deposits,” says Western Alliance’s Davidsmeyer, “but businesses also realize sizable efficiencies in the management of their cash. Once you’ve integrated remote deposits, the benefits are built in.”
The bankers at Bridge Bank are expert resources for transitioning your company to remote deposit capture, or for any banking and financing needs. Learn more about how remote deposits can add convenience, save time and improve your business’ cash management practices.
Recent NewsBridge Bank Finalizes $8 Million New Credit Facility with ANEXIOBridge Bank extends credit facility to Tabula Rasa HealthcareBridge Bank extends credit facility to InstaMedBridge Bank provides $4 million debt facility to leading RegTech provider PerformLineBridge Bank Hosts 7th Annual Economic Summit
Recent InsightsThe Biggest Trends in Hotel Franchising - 2017 EditionMobile Banking Helps Businesses On The GoConsider the Business Benefits of Payroll Cards — and Keep Employees HappyThe Treasury Manager Today: A Strategic Role for Changing TimesMilestone Offshore Wind Project Approved in Europe
Our client, @EksoBionics , has partnered with @Ford to help factory workers become more productive while avoiding f… twitter.com/i/web/status/9… - 2 weeks 2 days agoIn addition to figuring out how to extend your stay in Florida, we hope your #FVCC2018 agenda included meeting our team!What's next for the U.S. dollar? westernalliancebancorporation.com/bridge-bank-ho… - 3 weeks 3 days agoAs a sustaining sponsor we are at #FVCC2018 and look forward to making meaningful connections with you. We can’t wait!Bridge Bank’s technology group will be attending the Florida Venture Capital Conference January 29 – 31 #FVCC2018Government shutdown ends, central banks are now in focus. westernalliancebancorporation.com/bridge-bank-ho… - about 1 month 1 day agoRob Lake, head of Bridge Bank’s Life Sciences group, has a prediction for #JPM18. pic.twitter.com/R8keloGcVmThe Bridge Bank Life Sciences group will be attending #JPM18 in San Francisco, Jan. 8 - 11. Let us know if you'd like to connect.ow.ly/GqxL30heGRQ - about 2 months 1 week ago Markets look to the Fed, ECB, and BoE for signals ahead of the next year.Tax reform hurdles weigh down the dollar, as growth lifts euro. ow.ly/wm7w30gJGCf - about 3 months 3 days agoIt was wonderful meeting so many great friends at #PACTcapcon. Looking forward to connecting again soon!Day 2 at #PACTcapcon. If we didn’t get a chance to meet and chat yesterday, stop by and say hello!It was wonderful meeting some great new friends at #PACTcapcon today. Looking forward to meeting more of you tomorrow!Central bank decisions and a heavy docket look to shape this week's FX action. ow.ly/GUb030geH4R - about 3 months 3 weeks agoIf you’re attending #PACTcapcon 11/1 & 11/2, we want to meet you! Come say hello to Al Spurgin, Roger Klarmann, Kat… twitter.com/i/web/status/9… - about 3 months 3 weeks agoCan your business defend itself against cyber crime? #cybersecurity ow.ly/itLZ30gg7kp - about 3 months 3 weeks agoThis week's FX Commentary is here! westernalliancebancorporation.com/bridge-bank-ho… - about 4 months 1 day agoWe’re excited to have the head of our International Banking team, Ken Rosenberg, present at the International Consu… twitter.com/i/web/status/9… - about 4 months 7 days agoBridge Bank's International Banking Group has launched weekly FX Commentary on the global markets. Start your week… twitter.com/i/web/status/9… - about 4 months 1 week agoDon't miss the #Fintech boat, US administration to focus on industry comptitiveness according to @Nasdaq: bit.ly/2mVvnyZ - about 11 months 1 week ago@Fortune discusses how the VC funding gender gap is actually getting worse: for.tn/2nzP4sW - about 11 months 1 week agoWhat will determine the future of #fintech? According to @TheNextWeb, it’s #AI. Read more: bit.ly/2moerie - about 11 months 2 weeks agoAccording to @TheEconomist, private equity deals are heating up. Find out why here:econ.st/2m1sSZw - about 11 months 3 weeks agoJoin leading dealmakers for a live webcast on financing emerging growth companies w/ debt ft. Mike Lederman on 3/16 bit.ly/2m3JFKl - about 11 months 3 weeks agoBe sure to check out @Entrepreneur’s list of the top 12 #fintech companies to watch: bit.ly/2lQ4jA0 - about 11 months 3 weeks agoAn Indiana Senate panel has approved the advancement of a bill intended to reduce solar power incentives.bit.ly/2le7QFP - about 11 months 3 weeks agoWhat are the advantages of Regulation A+ venture capital? @Forbes has the answers here: bit.ly/2mctMoK - about 12 months agoAccording to @Nasdaq, renewable resrouces are among the top global trend creating invesment value this year: bit.ly/2kCVhCI - about 1 year agoCleantech venture capital is on the rise thanks to newfound market confidence. So what does its future look like? bit.ly/2lXvCFQ - about 1 year 1 day agoCEO Dan Myers discusses Bridge Bank growth and our approach to the current market, read more from TechFlash Editor,… twitter.com/i/web/status/8… - about 1 year 2 days agoCheck out the #cleantech startups that VCs have their eye on for 2017: bit.ly/2jYooot - about 1 year 1 week agoWhat does the future of clean energy look like under the Trump administration? @mercnews has the answers: bayareane.ws/2kAyNWF - about 1 year 1 week agoThe startup industry is headed internationally as more startups apply for funding. Read more on @Forbes bit.ly/2kALikZ - about 1 year 1 week agoAccording to @Bloomberg, #LifeSciences isn’t just thriving, it’s paving the way for new innovation. Read more: bit.ly/2kpAZOy - about 1 year 2 weeks agoClient @BuyerQuest demonstrates continued growth and innovation as they secure $4 million in financing bit.ly/2kazipW - about 1 year 2 weeks agoThe biotech era is not over yet. @TheStreet tells us how the sector will rebound with 3 key factors. bit.ly/2jfHhhK - about 1 year 3 weeks agoSilicon Valley, want to know what to expect under Trump’s administration? @Recode has the answers and more. bit.ly/2j5Oi9q - about 1 year 3 weeks ago@AppDynamics prepares to be the first #IPO of 2017...but it comes with a catch. @CNBC explains: cnb.cx/2iTzaHc - about 1 year 4 weeks ago