Business Solutions Overview

Virtually any business of any size can benefit from electronic payments, including Internet service providers, insurance companies, property management firms, catalog mail order/e-tailer/retailer, collection agencies, cable TV, city utilities and many others.

With our automated ACH/EFT system, you can automatically and electronically debit your clients bank accounts for your one-time and/or recurring billing as well as eliminate the ongoing expense of accepting and processing payments through traditional paper methods.

We can also provide the Electronic Funds Transfer service as an outsource solution. Contact us to find out which method would benefit you the best.

Our Bottom Line Advantages:

No compensating balance required.
MICR information is "massaged" to keep up with bank consolidation, credit union accounts etc., avoiding unnecessary item returns.
No hidden fees. No surprises.
Non-Participatory RDFI transactions receive paper bank drafts at no extra charge.
NSF resubmission can be configured how you want to resubmit NSF's.
Profit from NSF items.

Reduced Expenses

By the automation of your receivables, the time and hard costs required to print and mail your statements, receive and deposit payments, and the expense and lost revenue due to collecting on delinquent accounts can be replaced with a single transaction that costs about the same as the price of a postage stamp. The most successful businesses are those that find ways to improve their bottom line by means of reducing their variable expenses.

Speed Up Your Cash Flow

The fact that an invoice has a due date does not guarantee that a payment arrives on time. Most companies receive payments weeks, even months past due. By the automation of your receivables your payments arrive on time. Has your company calculated the costs due to outstanding receivables?

Efficiency

ACH recurring debits simplifies your life and improves your efficiency by replacing the traditional method of billing and collection with an easy to use automatic electronic method. You simply enter your customer's bank account information and payment information into the proprietary software and with the push of a button the information is processed through the Federal Reserve's ACH network. These transactions (known as electronic funds transfers or an EFT) are deducted from your client's checking account and deposited into your business checking account with one simple step!

Improve Your Chances of Getting Paid

In a perfect world when you receive a check from one of your customers it would guarantee you payment of those funds. Unfortunately, I think we can agree that we don't live in a perfect world and that checks do get returned Non-Sufficient Funds (NSF). When you use our ACH/EFT system for recurring debits you can increase your chance of getting paid for a few reasons: First, you have the ability to schedule the transactions to be processed on strategic dates, such as logical pay dates, e.g., the first and fifteenth of each month. By doing this the likelihood that funds are available is greater than random deposits. Second, Electronic Transactions (EFT's) are always paid first. In simple terms, if your customer has $100.00 in his bank account and your ACH/EFT transaction hits his bank account the same day as a paper check he wrote at the local grocery store for $75.00 who would be paid? Because your transaction is an EFT, your company would be paid and the paper check to the grocery store would be returned NSF.

Reporting

Financial officers and controllers understand that without proper detailed reporting the use of any transaction method is less than useful. That is why we provide advanced, detailed reports that allow you to be informed of the status of all your transactions whether it be NSF items, pending transactions, batch reports, future cash-flow and more. You also receive information faster: In the event that items are returned, you don't have to wait days to find out about it. You will know within one business day if an item is rejected. And with the combination of our detailed reporting and advanced resubmission options you will have the necessary tools to handle every situation that can arise.

Fewer returned items

Because of our advanced ACH programming and our experience and dedication to providing the best possible service, we not only do not hide fees; we help eliminate them. Many processors and banks do not have the capabilities to make the necessary adjustments to the transaction routing and account information before sending through the ACH network, therefore items are returned and your payments are delayed.

Your transaction data is "massaged" with the proprietary AUTOCorrect™ system before the information transmitted, allowing the transactions to pass cleanly through the ACH network, thereby eliminating return items and their associated fees.

For example: Within a typical batch of 20,000 transactions AUTOCorrect™ can find 700 of these transactions, which should be altered. If not, many of these would end up as returned items. Our complex knowledge of what information needs adjustments and how to perform these adjustments is a significant advantage to you.

Summary

Your Bottom Line Strategies representative armed with a complete suite of contemporary and traditional merchant services can provide electronic billing, payment and financial management solutions to enable your business to control, manage and optimize your cash flow performance.

The speed with which business is being transformed because of the Internet generates new practices that require all enterprises evaluate and embrace new technologies. Traditional business models that many of us are familiar with are undergoing significant changes. Yet, successfully managing cash flow performance remains fundamental to all businesses, both large and small.

Your Bottom Line Strategies representative understands the value of efficient tools to help "close-the-loop" on managing corporate billing, small merchant billing, payments and treasury, and offers organizations a dynamic and convenient migration path for optimizing your cash flow performance.

Whether your concern is improving ROI, streamlining payables practices to reduce cost or expanding your financial management capabilities...Bottom Line Strategies can help. We have the business solutions for you.

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