Harris - Cash Management

Middle Market Banking

Cash Management

Throughout every business cycle, effective management of working capital, business payment and cashflow can have a measurable impact on bottom line performance. When you have easy access to current information on receivables, disbursements and investments as well as a widely accepted card payment solution, you're empowered to address the following business challenges:

	•	Collect and process payments faster;
	•	Manage cash flow and fund daily operating expenses;
	•	Respond quickly to financial inquiries;
	•	Exercise greater control of the purchasing function;
	•	Help you to optimize excess cash balances.

Harris offers the following cash management products and services that help boost bottom line performance.

	•	DirectLine^®. Web-based technology that offers a flexible, convenient way to obtain account information and initiate electronic funds transfer transactions such as direct deposit payments for employees.
	•	Collections. Harris offers multiple solutions that help you receive payments as effectively and efficiently as possible:

		– Wholesale and retail lockboxes minimize check float in order to accelerate the availability of funds;
		– Pre-authorized debit service electronically transfers payments from your clients' accounts to your Harris Business Banking Account;
		– EDI/EFT collections of incoming payments from customers along with remittance information can be reported via direct transmission, fax, e-mail or paper;
		– Cash letters enable you to deposit pre-encoded or unencoded checks that are automatically posted to your Harris account.

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Disbursements. Harris offers valuable tools that help you manage and control payments:

		– Account reconciliation services help you improve audit control and productivity. Positive Pay guards against check fraud;
		– Controlled disbursement services provide accurate, current check clearing information early in the day;
		– Disbursement imaging gives you digital images of paid checks for on-site retrieval;
		– Electronic tax services ensure that your taxes are paid accurately and on time;
		– Direct deposit services allow you to manage payments to employees with speed, accuracy and cost effectiveness;
		– Wire transfer is a time effective way to pay suppliers.

	•	Short-term Investments. Harris Business Autosweep and Zero Balance Accounts move excess funds automatically between accounts so available funds generate higher yields or help pay down debt. With these services, you earn competitive returns while still maintaining the liquidity you need to meet daily cash requirements. In addition, the Sweep to Loan option optimizes the use of operating capital and is an easy way to obtain loan funds.
	•	Merchant Processing. Harris has partnered with Moneris^TM to provide tailored solutions that allow merchants to accept credit and debit card payments for goods and services. We provide complete support — from advanced point-of-sale technologies to special industry-specific programs.
	•	Harris Corporate MasterCard Program^®. Reduce check processing costs, improve discounts from vendors and simplify expense management and reporting by consolidating your business purchasing with the Harris Corporate MasterCard^®.

To learn more about our capabilities, please call us at 1-888-489-2265.

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Brokerage (including mutual funds and annuities) and investment advisory services are offered through Harris Investor Services, Inc. Member FINRA/SIPC . SEC-registered investment adviser. Insurance offered through Harris Bancorp Insurance Services, Inc. Harris Investor Services, Inc. and Harris Bancorp Insurance Services, Inc. are affiliated companies. Products offered are: NOT A DEPOSIT - NOT INSURED BY THE FDIC OR ANY FEDERAL GOVERNMENT AGENCY - NOT GUARANTEED BY ANY BANK - MAY LOSE VALUE.

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