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Baylake Bank’s
collection services offer you speed, control and accuracy. We will help
you streamline your collection processes, accelerate funds availability,
and provide electronic payment options to your clients.
· Financial Electronic
Data Interchange (EDI)
· Direct Payment
· Wholesale Lockbox
Financial
Electronic Data Interchange (EDI)
By using EDI, Baylake
Bank can accept electronic remittances, translate the format, and
transmit the information directly to you for account receivable updates.
Direct Payment
Direct Payment allows
you to collect your payments via a timely, secure, and cost effective
method. We will process your file of pre-authorized debits and
dramatically reduce the time and cost associated with paper remittances.
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Saves processing time
and staff expense
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Improves cash flow·
Reduces delinquencies
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Increases control and
security
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Improves
your company image as being customer oriented and technologically
advanced
Wholesale Lockbox
The Wholesale Lockbox
Service accelerates the collection of your receivables. Productivity of
your funds will increase by reducing mail, availability and processing
times.
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Increases funds
availability