ACH: What Are the Benefits?

Every participant in the ACH transaction process can benefit in terms of improvements in service and a reduction of operating expenses.

Specific benefits for each ACH participant include:

Consumer Benefits:
Direct Deposit
- No more time spent at the bank depositing checks on payroll days.
- Consistent and timely delivery of funds - whether in the office, out sick, or on vacation.
- Elimination of lost or stolen payroll checks.

Consumer Debit
- No more writing checks.
- No postage expenses.
- Elimination of fees or interest charges associated with late payments.
- Strengthen credit records by maintaining prompt payments.

Corporate Advantages:
- Reduce operating expenses and administrative costs associated with the check writing process and account reconciliation procedures.
- Eliminate lost employee hours spent in line depositing checks during business hours.
- End stop payment charges and check re-issuing costs.
- Lessen paper handling costs by reducing the number of paper checks.
- Quicker funds availability.
- Improved cash management forecasting.
- Diminish uncertanty of check delivery.
- Reduce bank charges associated with paper check processing.

Originating Financial Institution Benefits:
- Reduce costs by increasing automated processing.
- Foster new opportunities by expanding services.
- Improve public perception with efficient and effective payment services.

Receiving Financial Institution Benefits:
- Reduction in handling of paper and individual items.
- Increase automated processing of electronic entries.

Treasury Software is a leading provider of client-side file creation and transmission software for ACH, Positive Pay, as well as bank reconciliation and custom cash management solutions. Designated a Verified for Windows XP software application by Microsoft, Treasury Software is a Microsoft Certified Partner. Winner of the Gold Cup Award from CPA Software News, Treasury Software products are easy to use, secure and cost effective. For more information: www.TreasurySoftware.com or 866-226-5732.