Business Cash ConciergeSM is your turn-key automated cash flow solution. The program employs Fortune 500 Company cash management principles and sophisticated technology to deliver seamless account balancing and convenient online controls. We examine your business and automate your cash flow. This is accomplished using a three account tiered system, similar to the way a tiered fountain works.
The top level of the fountain is filled as cash comes in from your business. This account is set up to hold only as much money as you need for regular operating expenses. In order to maximize the productivity of each dollar, excess cash is automatically moved out as soon as the appointed limit is reached.
Cash then flows in to the second tier of the fountain - a money market account. This money is reserved for the payment of taxes and other business expenditures that would disrupt your normal monthly cash flow. When such demands arise and drain the operating account, cash is automatically moved from the reserve account to replenish it.
After the reserve account has been filled, excess cash is transferred to the final tier, your long-term portfolio, to keep the money producing.
In the event of a major expense or decrease in cash flow, it is possible for both the operating and money market accounts to fall empty. This cash deficit is promptly resolved with an attached short-term line of credit. Money is infused into the operating.
