ACH Origination for Direct Deposit1
Make payments anywhere with ACH Origination for Direct Deposit. Using paper checks can be a costly hassle, especially if they’re lost or stolen, or you’re waiting for funds to clear. With ACH Origination, you can transfer payroll and any other disbursements into a checking or savings account at any financial institution. Recipients receive their payment whether they’re in the office or on vacation, out sick or away on business—and you can save the cost of using physical checks.
Make the most of e-payables with AP Solutions®, a web-based service that integrates with your accounting system. It allows you to make prompt, secure payments directly to vendors’ bank accounts and provides them with detailed remittance information. You get more control of your cash flow, and your vendors get detailed invoice information, payment notifications by email and customized reporting features to simplify analysis.
With Deposit Pay®, a special Visa® account is set up so your vendors can accept electronic payments from your business. All you have to do is approve an invoice and our software takes over, generating an e-payment that automatically sends the funds to the vendor’s account. No further transaction processing is needed.
When you’re ready to make the switch to AP Solutions®, our specialists will contact each of your vendors—on your behalf—to set up the new payments program. Enrollment Specialists are available to help you encourage participation, assist vendors with the transition and even periodically update your vendor list with new participants.
Controlled Disbursement AccountKnowledge is power, so maximize your company’s available cash flow with a Controlled Disbursement Account. You’ll receive timely and accurate notices of checks clearing against your account each day. With such precise information, you can keep funds invested or refrain from borrowing until the last possible moment, enhancing your earning potential and managing your cash position to a T while reducing the risk of overdrafts.
Domestic & International Online Wire Transfers
Enjoy increased security, reporting and control by making online wire transfers from the convenience of your office—or anywhere. Sending recurring wires is a snap with secure stored information. In addition, plan up to 10 days in advance for domestic payments with future date wires.
InovaTM Payroll Services
When you’re running a company, administrative payroll, tax filing and compliance can be tedious. Instead, outsource your payroll and human resources services with Inova PayrollTM, and focus on what’s important: your business. Before you request a quote, review the available services:
- Payroll calculations and processing
- Tax filing and administration
- Direct deposit
- General ledger interface
- Paid time-off tracking
- Worker’s compensation “pay-as-you-go”
- Self-service employee website
- HR on-demand
- Time and attendance management
To get started, call Inova Payroll at 877-653-1288. You can also visit Inova Payroll online, or ask your local business banker to help you get connected.