Ideas & Insights for
Navigating Economic Uncertainty

Over the years, many of us have faced tough challenges including a tech bubble, 9/11, a financial crisis and now coronavirus. Today, maintaining the resiliency of your business demands a fresh look at ideas and insights that can help you transcend the present challenges and emerge stronger on the other side.

Borrow & Access Capital

• Pull fixed assets out of your revolver and into an equipment facility to increase working capital availability.
• Leverage your asset base to expand access to capital or increase revolver flexibility.
• Unlock equipment equity and drive new working capital into higher return investments with a sale leaseback.
• Lock in low interest rates with a refinance of current debt or interest rate hedging alternative.
• Acquire remote work technologies quickly — even with a limited budget — through the use of an equipment line of credit.

Reduce Risk 

• Take advantage of mobile apps to view your cash position in real time, monitor account activity and approve transactions.
• Subscribe to email/SMS event notifications of important account activity.
• Ensure you have fraud protection on your checking accounts.
• Quickly and easily validate the existence, status, standing, ownership or control when onboarding a new payee or before you initiate a transaction through new account verification services.
• Address the volatile currency market with new thinking around your foreign exchange strategy.

Improve Payment Flexibility

• Take advantage of electronic payment options, including RTP, ACH, wire and credit cards.
• Streamline check/invoice printing with outsourced solutions.
• Review individual cardholder controls to ensure required spending requirements can be achieved.
• Evaluate needs for additional cards for employees needing to make purchases directly on behalf of the company.

Optimize Cash Flow

• Accelerate the collection of receivables and lower collection costs while improving cash flows with RTP^®, the Real Time Payments program from The Clearing House.
• Maximize your use of invoice automation to reduce manual processes.
• Reduce touch points and streamline deposits with Remote Deposit.
• Speed up posting and improve security if you receive checks on site with mobile deposit capabilities.