One of the biggest cash management challenges for small business owners is receiving timely, accurate account information. These services will help provide the detailed information you need about every aspect of your business banking and finances:

Hancock Net Solution - Online information reporting services like Hancock Net Solution can provide you with the account information you need to make better financial decisions. This includes prior- and same-day account balances, electronic payments and more.

Hancock Net Solution is a comprehensive online banking service. The balance reporting module allows you to obtain summary and detailed prior-day account balances, view intra-day incoming ACH and wire transactions, examine prior-day transaction detail, transfer funds between Hancock Bank accounts, make stop payments requests, and reconcile your Hancock Bank accounts.

Hancock Net Solution lets you know what your cash position is at any given time, which enables you to decide things like whether to pay down or borrow from your line of credit or invest excess funds. The service also enables you to initiate transactions (ACH, wire transfers and tax payments) and access images of checks written, deposit tickets and deposited checks online.

Automated Account Reconciliation - Account reconciliation services go hand in hand with disbursement services and integrates with online payables. With this service, the bank simplifies the task of reconciling your bank balances and account statements by providing you with check paid information electronically. This saves you time and money by streamlining the end-of-month reconciliation process - potentially cutting your monthly reconciliation time in half - and also helps reduce your exposure to check fraud, a growing concern for companies of all sizes.

Depending on your needs, you can choose from full, partial or deposit reconciliation, or you can receive cancelled checks sorted in numerical order. Deposit reconciliation is especially beneficial for companies with multiple locations making deposits into a single account. In addition, Hancock Bank offers Internet-based check inquiry and check image capabilities that allow you to inquire about checks that have been presented for payment and receive check images online.

Positive Pay - You can help guard against losses due to check fraud by using Positive Pay, an account reconciliation service from Hancock Bank that allows you to pay only checks that are authorized. You provide the bank with an electronic file of checks you've issued, which the bank compares to checks presented for payment. The bank then alerts you to any checks presented that don't match your file, and then you make the call on whether to pay them or not.

Check Imaging services - Through this service, you can receive high-resolution images of your paid checks online and/or on a CD-ROM. Once checks are posted to your account, images of the front and back of each check are captured and archived. This eliminates the need to store paper checks and saves staff time spent on check retrieval.

Find out more information about Cash Management Services please contact a member of our Cash Management team.