Green Belt Bank & Trust offers a comprehensive end-to-end package of credit, debit, check & other electronic services that every merchant needs to thrive in today's retail environment.
Take advantage of the group purchasing power and high transaction volume available to customers of Green Belt Bank & Trust. As the bankcard processor endorsed by Green Belt Bank & Trust, Elan Financial Services provides payment-processing services to the customers of Green Belt Bank & Trust at reduced rates. And, reduced rates mean increased profits for you.
MEMBER BENEFITS
- Build repeat business with quick authorizations and faster checkouts.
- Increase traffic flow and revenue by accepting all payment methods preferred by your customers.
- Reduce clutter with our integrated systems.
- Lower financial risk with our automated fraud control and chargeback systems.
SERVICE FEATURES
- Card Processing Services
- Check Services
- Terminal Management and Support
- Reporting Capabilities
- eCommerce Services
- POS Options
To take advantage of the special program available exclusively
to the customers of Green Belt Bank & Trust, please see Melissa
Koop or call 1-800-648-2544 or
(641) 648-2544.
Now you can bridge the gap between payables due to suppliers today and receivables that your customers won't remit for 30 days or more. BusinessManager® enables you to get cash for your accounts receivable deposited directly into your bank account by selling them to the bank at a discount. The bank can send statements on your behalf, and offer payment terms to your customers. You'll also receive detailed management reports outlining critical information about your receivables. When you are effectively conducting business on an all-cash basis, you can take advantage of suppliers' prompt payment discounts, increase your sales, redirect staff time, and save the time and money typically spent on receivables management. Get Business Manager and get back to building your business.
- The bank purchases your accounts receivable at a discount, both initially and ongoing as new receivables are generated. Funds are deposited in your account.
- The bank establishes a cash reserve account for you by depositing a percentage of each receivable to cover delinquent customer accounts. Each month the bank reviews the status of your reserve account and deposits any excess funds into your operating account.
- The bank uses BusinessManager software to track the purchased accounts and send itemized monthly statements. ("Blind billing" without the bank's name is an option.)
- Your customers send payments to a bank lockbox.
- The bank provides you with key management reports, such as Aged Receivables, Customer Balances, and Credit Application.
Business Manager enables your business to:
Improve cash flow
With a more predictable cash flow, you can make payroll, remit payables on time, increase inventory, and pursue new business opportunities.
Save time and money
Take advantage of prompt payment discounts from suppliers and get back to doing business. Sending files electronically allows you to redirect personnel to more productive tasks.
Manage your business
Track receivables with detailed reports, reduce your debt, maintain a liquid working capital position, and prevail in seasonal fluctuations.
Improve collections
You can choose to use the bank's presence on customer correspondence, which influences customers to pay on time.
Offer financing options to your customers
Sharpen your competitive edge by offering flexible payment terms. You win and your customers do too.
Funding
Initially, you'll get immediate cash in a lump sum for all your existing receivables. Then on an ongoing basis you'll get cash for each sale within a day or two.
Wired -- the e-commerce solution
BusinessManager's electronic commerce feature called "Wired" allows you to exchange receivables information with your bank through a secure Internet site. You'll save time, money and effort associated with exchanging "paper" invoice information. Wired also reduces the likelihood of manual errors.
Timely management reports
Reports about customers, aged receivables, credit and debit transactions, credit application, and merchant activity are available to help you manage your business.
Flexible customer payment terms
BusinessManager offers six payment terms that enable you to attract new business:
- Fixed -- a set dollar amount is due each month until the balance is paid.
- Net -- the entire balance is due at the end of the term.
- Periodic -- payment amount is based on the customer's choice of billing frequency (monthly, quarterly, bi-monthly, etc.) up to one year.
- Prox -- the entire balance is due on a particular date each month.
- Revolving -- the monthly payment is based on a percentage of the balance or a minimum amount, whichever is greater.
- Same-as-Cash -- free financing for up to one year. No payments are due until the end of the term, and then the entire balance is due.
End-of-Period statements
The bank runs the End-of-Period (EOP) process each month to close your billing cycle, total customer accounts, calculate finance charges, generate statements for customers, and create management reports for both you and the bank. You can customize statement messages and choose whether to use "bank billing" (with the bank's name and influence) or "blind billing" (without the bank's name).
To find out if Business Manager is the right solution for your
business, contact Adam Hartford at Green Belt Bank & Trust:
Phone: 1-800-641-2544 or 641-648-2544
Fax: 641-648-3273
Email: ahartford@greenbeltbank.com
Cash Management is an automatic transfer system that allows people to use their funds most efficiency. It utilizes technology to automatically transfer funds to and from a checking account, a money market account or a commercial/agricultural-operating loan as needed and as outlined in the initial agreement. This type of service is for commercial and agricultural type clients.
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Electronic Payment Processing Solutions
