Receivables

ACH Concentration Service

The ACH Concentration Service offers a cost-effective, Web-based solution for reporting and consolidating a company's decentralized deposits. Deposit information from your local business locations, depository sites, subsidiaries and regional lockbox operations can be reported 24 hours a day, 7 days a week, through touch-tone phone or Web input. Reported deposits are automatically transferred to a designated J.P. Morgan concentration account on a next-business-day basis via an ACH Debit transfer.

Please visit ce.solutions-corporate.com to login to this service.

How you benefit:

  • Streamlines and simplifies the gathering of deposit information and concentrating funds from outlying locations
  • Enhances funds control, minimizing idle balances in regional depository accounts
  • Provides comprehensive reporting to facilitate oversight of remote location deposit activity and projecting cash-flow
  • Reduces costs through the use of the ACH network
  • Enables self-service to more efficiently maintain remote location information and user entitlements real-time via a Web interface
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