Managing Cash Effectively

With support from Webster, you’ll have better control of your cash—and your future.

Positive cash flow is the secret to any successful company. When you have cash on hand, you can pay your employees, buy equipment, seize new opportunities and simply operate your business. Without cash, your business may find itself in serious trouble.

 

At Webster, we’re here to help you achieve your most important business objective: never running out of cash. To do that, we offer the tools and support you need to understand, effectively manage, and maximize your cash flow to provide short-term stability, which helps to ensure your business’ long-term growth.

 

Webster’s Solutions Can Help Your Business

Manage Cash Flow
Accounts and tools to help you gain greater control over your cash
Please see Tab 'Manage Cash Flow'.

 

Increase Cash Flow
Boost your liquidity with credit, loans, and short-term investments
Please see Tab 'Increase Cash Flow'.

 

Reduce Expenses
Take advantage of convenient services to improve efficiencies, and cut costs
Please see Tab 'Reduce Expenses'.

Good cash management starts with a solid understanding of how much money is coming in and going out of your business. Once you have clear financial projections, you can effectively start managing your cash.

 

At Webster, we’re here to provide the personal support and guidance you need, and the easy-to-use, state-of-the-art tools you won’t want to be without. From speeding up receivables to managing payables effectively, we have convenient services that can help you stay on top of your cash and plan for the future.

 

Bank Accounts for Your Cash

Our full suite of cash-management tools is designed to work with your Webster business checking account. Choose from our range of FDIC-insured accounts created for your unique needs and perfect for keeping your cash safe, secure, and readily available.

 

For starters, if your looking for a low-cost account, consider Webster Business Value Checking, with the services every business owner needs. With this account, you’ll also enjoy free Online Banking that allows you to manage your accounts anytime, and make online bill and tax payments to anyone from your electric company to the government* simply and securely.

 

For higher-volume checking, Webster offers Commercial Checking for Small Business for businesses with balances of $25K or higher, and Checking with Interest, created for sole proprietors, non-profits, and government agencies. Both ensure low fees, and neither requires a minimum balance.

 

At Webster, we also offer savings accounts to help make your available cash work harder for your business. Consider linking our basic Webster Business Value Savings account or higher-yield Premier Business Money Market to your checking account.

 

No matter what accounts work best for you, a Business CD can be a simple way to grow your money and increase your cash flow. With a fixed rate for the fixed term of your choice, these FDIC-insured accounts offer a guaranteed return on your cash.

 

Convenient Control Over Cash Flow

Once you have a Webster business checking account, you can have access to our Cash Management system, Webster Web-Link®, and all of our easy-to-use, time-saving tools that give you instant control over your cash flow.

 

With Webster Web-Link®, our online reporting and transaction system, you have the ultimate tool for retrieving, reviewing, and analyzing information about your Webster accounts in a secure environment. Anywhere, anytime of day, you can log in at your convenience and get the information you need to make smarter spending decisions for your business.

 

Add the Webster Deposit-Link® service and you have a convenient way to make faster deposits. Simply log into your Webster Web-Link® online account, scan your paper checks, and submit them electronically. That means you can eliminate the time and expense of traveling to a branch, and extend the daily deposit deadline to 8 p.m. EST.

 

Perhaps you’re looking for a way to not only expedite processing, but encourage prompt payments from customers. With Webster Payment-Link®, we can help you maximize the potential of your company’s website by equipping it with a secure online payment solution that lets your customers pay their bills right on your site, using credit cards, debit cards, and Automated Clearing House (ACH) transactions. With this service, you’ll reduce the number of paper checks to collect and speed up the cash-receipts process to get payments posted faster.

 

If you’re hoping to improve overall payment collection and processing, Webster offers automated Wholesale and Retail Lockbox Processing. With this time-saving service, customers remit payment to you through a regional post office box, and Webster picks them up to copy, endorse, and deposit the items the very same day.

 

Protecting Against Fraud

 

Fraud can happen to any business. Not only does it threaten your cash flow, but it puts your business at serious risk. To help protect your business and make it less vulnerable, Webster provides effective tools to help you recognize areas where fraud can occur and find ways to avoid it.

 

Through Positive Pay, Webster’s highly effective Fraud Services system, you can prevent account fraud before it happens. For both checks and ACH transactions, Webster monitors the transactions posted to your account based on your payment files, comparing it to your list of issued payments. Potentially fraudulent transactions are posted immediately via Webster Web-Link® for your review.

 

Facilitating International Transactions

Webster also offers a variety of international services to help ensure payments and protect your cash flow when you’re conducting business overseas.

 

So when you need to find the best international payment method for your business needs, Webster can help. We offer a range of services, including Wire Transfers, Foreign Drafts, Clean Collection service, and Provisional Credit for checks that are payable in a foreign currency.

 

For those dealing with the uncertainties of foreign currencies, Webster also offers Forward Foreign Exchange Contracts to help you hedge your exchange rate risk and help protect you from unexpected—and unfavorable—fluctuations in exchange rates.

 

To further support you in your overseas transactions, Webster can provide a more secure payment vehicle, a Letter of Credit. Whether for import, export, or a standby transaction, Webster will ensure payments or delivery of goods to help make your business deals run smoothly.

 

Documentary Collection is a similar, and an even less expensive method of facilitating transactions overseas. In this case, we collect and forward all shipping documents to the appropriate parties, helping both importers and exporters complete transactions in low-risk foreign countries.

 

And if you’re thinking about growing your business overseas, but don’t quite have the cash to cover all the upfront costs, Webster can help you secure the capital you need to expand your operation. Pre-Export Working Capital, short-term lines of credit, guaranteed by the U.S. Export-Import Bank, allow you to finance sales and acquire inventory, cover costs related to the manufacture or purchase of goods, and access financing with advantageous rates.

 

 

Disclaimer

*Federal tax types include: 940, 941, 943, 945, 990, 1041, 1042, 1120.

No matter what business you’re in, you should always be working to increase your cash flow. New opportunities, unplanned expenses, and market fluctuations can happen anytime and you want to be ready. At Webster, we’ll help you find ways to profit from the cash you have on hand, as well as boost your liquidity in a pinch.

 

Maximizing Cash With Short-Term Investments

For convenient ways to increase your return on excess balances, Webster offers a number of treasury investment products that can be linked directly to your Webster checking account.

 

Choose from a range of options, including Repurchase Agreements, or repos, an easy way to maximize your cash on hand with relative safety. Fully secured by government or government agency securities, repos offer fixed rates and flexible maturity dates to match your cash flow needs.

 

For larger investments of $100,000 or more, Webster’s Jumbo Certificates of Deposit (CDs) pay fixed rates of interest for fixed periods of time. These short-term investments are issued at face value, and are a great option to guarantee a certain yield.

 

Consider taking advantage of the competitive rates offered on these short-term money market investments issued by Webster’s Grand Cayman branch. Eurodollar Time Deposits don’t have FDIC insurance, but they can offer an alternate investment to achieve growth on your company’s investments.

 

With U.S. Treasury and Government Agency Securities, you can choose from a range of Treasury bills, notes, and bonds. These investment products are backed or sponsored by the U.S. Government and can offer a simple way to add safety and stability to your portfolio.

 

And if you’re looking for investments with short maturity terms, Commercial Paper provides you with unsecured, uninsured promissory notes issued by creditworthy corporations.

 

The Fast Financing You Need

When you need cash quickly, our Small Business Lines of Credit* offer convenient funds that you can access anytime. And since you only borrow what you need—from $10,000 to $2 million—it’s both fast and efficient.

 

For longer-term goals, our Small Business Term Loans* are available up to $2 million. Take advantage of flexible terms, custom repayment plans, and competitive rates. And if you’re a Webster business checking account customer, you’ll even enjoy preferred rates.

 

 

Disclaimer

* All credit products and pricing are subject to the normal credit approval process. Some applications may require further consideration and/or supplemental information. Certain terms and conditions may apply. SBA guaranteed products may also be subject to additional terms, conditions and fees. Requires a Webster business checking account which must be opened prior to loan closing and which must be used for auto-deduct of payment.

Insurance and risk management services offered through a marketing relationship with US/ Insurance Services of Connecticut, Inc., a subsidiary of USI Holdings Corporation, which is a portfolio company of Goldman Sachs Capital Partners.

By cutting costs, you automatically improve your cash flow. At Webster, we offer solutions that not only reduce expenses, they increase efficiencies to save your business valuable time and resources, and allow you to remain competitive.

 

Save More Time + Make More Money

Through a marketing agreement with Complete Payroll Solutions (CPS), Webster offers affordable Payroll Services. With this customizable solution, you can outsource the time-consuming task of payroll processing, plus lower your bookkeeping expenses, and ensure thorough tax compliance that may save you IRS penalties in the long run.

 

And to help your business stay competitive, Webster has teamed up with First Data Merchant Services Corporation (FDMS), a top provider of merchant processing, to offer you the payment solutions customers demand. Our Merchant Services offer low-cost solutions to allow you to accept credit cards, debit card payments, checks, and more.

 

Protect Your Assets + Prevent Losses

Webster offers insurance products and services, through our relationship with USI Insurance Services, to minimize your financial risk by protecting your business with the custom coverage it needs.

 

For basic protection, Commercial Property and Casualty Insurance covers your business against liability for property loss or damage, as well as personal injury. You can also choose additional coverage based on your individual needs, like Workers’ Compensation or Commercial Auto Insurance.

 

And to help you prevent losses before they happen, Webster also offers Loss Control Services for Employee Safety, Fleet, and Property and Liability Services. By reducing potential liability exposures in your workplace, you can save time, money, and even lives.

 

 

Disclaimer

First Data Merchant Services (FDMS) is an independent provider and underwriter of merchant processing credit services to small businesses and is solely responsible for credit approval of its suite of products.

 

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