North Easton Savings Bank: How to Open Account in NESB?

How to Manage Your Cash Flow and Grow Your Business with North Easton Savings Bank

Cash flow is the lifeblood of any business. It is the amount of money that flows in and out of your business over a period of time. It reflects your ability to pay your bills, cover your expenses, and invest in your growth. Managing your cash flow well is crucial for your business success and sustainability.

North Easton Savings Bank can help you manage your cash flow and grow your business with its comprehensive and customized solutions. Whether you need to increase your income, reduce your costs, or optimize your working capital, the bank has the right products and services for you. Here are some of the ways you can leverage the bank’s offerings to improve your cash flow and grow your business.

Increase Your Income

One of the ways to improve your cash flow is to increase your income. This means generating more sales, collecting payments faster, and diversifying your revenue streams. North Easton Savings Bank can help you achieve these goals with its solutions, such as:

• Business Loans and Lines of Credit: The bank offers various types of loans and lines of credit to help you finance your business needs, such as working capital, equipment, inventory, expansion, and more. You can choose from term loans, commercial mortgages, construction loans, SBA loans, and revolving lines of credit. The bank offers competitive rates, flexible terms, and fast approvals.
• Merchant Services: The bank partners with TSYS Merchant Solutions to provide you with a range of payment processing options, such as credit and debit cards, mobile payments, online payments, gift cards, and loyalty programs. You can accept payments from your customers anytime, anywhere, and any way they prefer. You can also benefit from low fees, fraud prevention, reporting tools, and customer support.
• Remote Deposit Capture: The bank allows you to deposit checks electronically from your office or mobile device using a scanner or a smartphone. You can save time and money by eliminating trips to the bank, reducing errors, and improving cash flow. You can also access your funds faster and track your deposits online.

Reduce Your Costs

Another way to improve your cash flow is to reduce your costs. This means minimizing your expenses, negotiating better terms with your suppliers, and streamlining your operations. North Easton Savings Bank can help you achieve these goals with its solutions, such as:

• Business Checking and Savings Accounts: The bank offers various types of checking and savings accounts to suit your business needs and preferences. You can choose from NESB Checking, NESB Savings, NESB Money Market, NESB Certificates of Deposit (CDs), and NESB Individual Retirement Accounts (IRAs).
• Bill Pay: The bank enables you to pay your bills online or on your mobile device using its bill pay service. You can schedule one-time or recurring payments to any person or business in the U.S. You can save time and money by avoiding late fees, postage costs, and paper checks. You can also track your payments online and receive alerts and reminders.
• Purchase Order Management: The bank helps you manage your purchase orders efficiently and effectively using its purchase order management service. You can create, approve, track, and pay your purchase orders online using a secure portal. You can also integrate it with your accounting software and other systems.

Optimize Your Working Capital

A third way to improve your cash flow is to optimize your working capital. This means managing your inventory, receivables, payables, and shortfalls in a balanced and strategic way. North Easton Savings Bank can help you achieve these goals with its solutions, such as:

• Inventory Management: The bank helps you manage your inventory effectively using its inventory management service. You can monitor your inventory levels online using a dashboard that shows you key metrics, such as turnover rate, days on hand, reorder point, safety stock level, etc.
• Receivables Management: The bank helps you manage your receivables efficiently using its receivables management service. You can collect payments from your customers faster using various methods, such as ACH (Automated Clearing House), wire transfers, lockbox services, etc.
• Payables Management: The bank helps you manage your payables effectively using its payables management service. You can pay your suppliers on time using various methods, such as ACH, wire transfers, bill pay, etc. 
• Shortfall Management: The bank helps you manage your shortfalls efficiently using its shortfall management service. You can cover your temporary cash flow gaps using various options, such as overdraft protection, sweep accounts, lines of credit, etc. 

By using these solutions from North Easton Savings Bank, you can manage your cash flow and grow your business with confidence and ease.