Accounts Receivable Solutions

Running a small or mid-size business requires effective management of Accounts Receivable (A/R). Staying on top of what is owed to your company can help you maintain positive cash flow, follow up on outstanding accounts, and collect all revenue that you are entitled to receive.

Plus, an efficient payment collection process can directly affect the availability of working capital needed to meet your business obligations. Our receivable solutions are designed to accelerate the management of cash and checks while reducing processing expenses within your office.

At Texas Gulf Bank, we provide a variety of accounts receivable management services to help business owners and CFOs at companies throughout the Texas Gulf Coast. Our Treasury Services specialists will work with you to customize a collection system that works effectively, efficiently, and conveniently for your company. Consider the opportunity for your company to grow and thrive by utilizing our services.

Our Accounts Receivable Management Services

ACH Direct Debit

Our ACH Direct Debit service is one of the most popular business banking services that we offer. You can collect recurring payments for dues, membership fees, and other regularly scheduled items from your customers. We handle the process through safe, secure electronic collections handled by our Treasury Services department.

To get started, simply sign up for Online and Mobile Business Banking for your account. Our team will work with you to ensure that everything is properly set up so that you can utilize our Direct Debit service to expedite payment collections.

Wire Transfers

Does your company conduct business outside of Texas, either domestically or internationally? We know that it can be challenging to receive payment for your products or services when there are gaps in distance, communication, and government ordinances. We can help you execute business wire transfers that will allow you to securely receive funds directly to your accounts.

Remote Deposit Capture

You can achieve efficiencies using our Remote Deposit Capture service to turn paper checks into digital deposits. After spending all day at the job site or traveling to pick up a check from a customer, you can deposit that check from anywhere using our service. Consider two options to deposit funds from a physical check:

You can scan checks and transmit the files to our bank using one of our check scanning devices. For example, you could set up the device at your office, return to the office at the end of the day, and scan all of your checks in one sitting.
Business customers can also use our Mobile Deposit Services to deposit checks from your phone. For example, you could spend a few minutes at the job site or in your vehicle scanning checks on your phone, then head home or to the next job site.

Merchant Processing Services

Some customers may not want to provide you with a paper check for products or services. If they would rather pay with a major credit or debit card, you can utilize our Merchant Processing Services to accept credit and debit card payments.

Through an alliance with our third-party provider, you can securely take credit and debit card payments from your customers. We will connect you with our provider, who approves the application and negotiates the rates associated with the service.

Lockbox Services

We can simplify the process of collecting payments from your customers. Our Lockbox Service is a simple, effective way to collect and process your Accounts Receivable.

The way it works is your customers directly mail payments to our P.O. Box. Then, our team goes to work. Our processing support includes capturing the remittance document, preparing and depositing all checks received, preparing and transmitting a file of all remittance documents, and providing you with a daily report of completed payments.

You will be able to quickly see at a glance the latest updates to your bank account(s) so that you can effectively monitor cash inflows. You will also be able to reconcile customer account information on your end so that you can mark when payments have been received.

Talk To Us About Accounts Receivable Services

Accounts Receivable should be simple. You provided a product or service and you should be paid by your customer. We can help you collect every dollar that you are owed by setting you up with the ideal accounts receivable management services that fit your needs.

Contact Texas Gulf Bank to receive information on pricing for fee-based services, including the cost of our check scanning devices used in Remote Deposit Capture. In addition, we recommend that you contact your mobile carrier provider for any data transfer fees that may apply in connection with mobile deposits.

Let’s get started on supporting the A/R needs of your business. Complete our contact form below to get in touch with our team.

*Services offered through the Treasury Services Department are fee-based and subject to approval.