8 Banking Tools to Improve Business Efficiency in 2022

As we start another year, saving time is more important than ever. Business leaders are looking for ways to adapt and create efficiency in order to thrive. We have several time-saving business banking tools, which are available with every Ambler Savings Bank business account, to help you achieve success. Best of all, our relationship managers are here to help you implement them every step of the way! Check out the following tools to help your business save time and increase efficiency:

1. Online Banking

Our most popular business banking tool is online banking, which enables users to view account balances, transactions, and check images, transfer funds and make loan payments. Keeping a close eye on company accounts is easy with online banking. Enrolling in E-statements will also eliminate the need for paper statements, which reduces clutter and is eco-friendly. There’s no waiting for your paper statements to arrive in the mail.

2. Payroll Processing

Small businesses can simplify payroll with our ACH processing. You can easily schedule one-time or recurring employee payments. Say goodbye to wasted time and money spent processing, printing and mailing payroll with this convenient service. 

3. Payment Processing

Accept card payments anywhere, anytime and on any device with our merchant services. Through our exclusive partnership with Heartland, you have access to a flexible suite of solutions tailored to meet the needs of your business. Heartland will provide you with critical services, such as card processing, gift and loyalty marketing, billing solutions and much more.

“Many of our customers have switched to Heartland from other companies for their credit card and payroll processing for the convenience. Our customers appreciate having a dedicated salesperson from Heartland for support,” says Erin Cohen, Chief Relationship Officer, Ambler Savings Bank.

4. Positive Pay

We strongly recommend an extra layer of protection by using our Positive Pay service, which verifies the authenticity of every check issued by your business. Alerts will notify you if an unauthorized check is presented against your account. Checks are reconciled in our system and if the check info doesn’t exactly match, it will be held for your review and approval. This service allows business owners to act fast to prevent fraud — without needing to worry about tracking every single transaction.

5. Remote Deposit Capture

Our remote deposit capture service makes it simple for businesses to quickly deposit checks, streamlining and accelerating cash flow operations. No more misplacing checks, trips to the bank, or waiting in teller lines. Simply deposit checks with a special scanner you can keep in your office.

“I’ve had many customers, especially since the pandemic, sign up for remote deposit capture to deposit their checks because they are too short-staffed to be able to come to the bank. This has helped them save a ton of time in their daily work schedule,” adds Erin.

6. QuickBooks Direct Connect

If you use QuickBooks® for your business, we have a powerful tool that can simplify your banking. With Direct Connect, you can import transaction data and account information from your Ambler Savings Bank account right into QuickBooks®. This is a time-saving tool to improve your business efficiency by eliminating the need for manual data entry as well as automatically reconciling data.

7. Wire Transfers

A wire transfer is an electronic transfer of funds between banks. This is a safe and convenient way to send funds and can be completed remotely from your desktop computer (with proper setup), saving time from visiting a branch.

8. Night Drop

One service you may have forgotten about is our convenient night drop depository. Avoid waiting in the teller line, our night drops can be used 24/7 – not just at night. Using a key and locked bag, drop off your deposits and we will process them the next business day. View your night drop transaction in online banking as you would all other transactions.

Beyond the products and services we offer, Ambler Savings Bank’s staff of relationship managers are here to help. As a community bank, your success is important to us. We pride ourselves on partnering with our business customers to find services to help you thrive. Our bank officers are known for going above and beyond to ensure your business is working smarter not harder.

Ready to streamline your business banking with one of these time-saving services?
Learn more about the services in this article here. Contact us here.

Paul Shearer is the Branch Operations Administrator at Ambler Savings Bank.