Efficient Treasury Solutions services can help you manage cash flow, maximize investment income, deter fraud and simplify everyday tasks. Our dedicated professionals can work with you to develop a plan for your unique business model.
CONTROLLED DISBURSEMENT ACCOUNTSMore Info & Help
Valley National Bank's Controlled Disbursement service provides cash managers with morning notification of daily check- clearing totals and detail. This service reduces the need to maintain idle funds in anticipation of check clearings.
Cash managers can use this information to calculate a daily cash position and make informed investment or borrowing decisions.
- Enables fine-tuning of daily cash forecasting.
- Maximizes investment income and minimizes borrowing costs by reducing the need to maintain idle funds.
- Improves control over issued and paid checks.
- Reduces reconcilement time and cost.