Accounts Payable and Accounts Receivable Solutions

Gain Greater Control of Your Cash Flow

You’re in business to make a profit. Balancing assets and liabilities using accounts receivable and payable solutions will give you better visibility into the incoming and outgoing of cash. Our payables and receivables solutions will help you collect funds faster and track payments while mitigating cash handling risks. Once you have a better understanding of your cash flow, you can use our liquidity management services to put your excess cash to work. Learn more about our capabilities for accounts payable vs accounts receivable. To tailor solutions to your business needs, please contact a Relationship Manager.

Payables and Receivables Solutions Benefits

Here’s what you can expect from implementing a payables and receivables solution:

  • Reduce risk of fraud.
  • Save time.
  • Improve access to customer and payment information.
  • Optimize working capital.
  • Save money on processing.

Manage excess cash with liquidity management solutions.

Zero Balance Accounts (ZBA)

Automatically and cost-efficiently consolidate deposits made at any Fifth Third location into a single concentration account. ZBAs enable you to effectively manage your daily cash position by reducing excess balances while retaining distinct information and audit trails on transaction activity.

Investment Sweep

Maximizes excess balances by automatically sweeping those balances into a short-term, interest-earning, investment vehicle.

Credit Sweep

Collected funds in excess of a predetermined target balance are automatically swept out of any checking account and are used to offset an outstanding loan. Additionally, funds if available can be drawn down on the loan to fund the balance needs of the checking account when applicable.

Additional Resources

How Fintechs and Banks Improve Cash Flow Management

Fintech providers and banks equally rely on each other when it comes to managing cash flow best practices and related strategies. Learn more about this collaboration today with Fifth Third Bank.

3 Tips to Save Money Without Hurting the Company

There are many ways a company can save money without hurting the bottom line and its employees. Some methods might require you to be a little creative, while other ideas are reasonably straightforward. Either way, the end goal is to save the company as much money as possible.

3 Steps to Better Cash Flow and Healthier Finances

One of the biggest challenges for very small businesses is cash flow. There is really only one way to address cash-flow crunches, and it’s planning so you can prevent them in advance.