Cash Management

Our Cash Management team provides advanced solutions that allow you to increase the efficiency of day-to-day financial operations while reducing expenses and exposure to fraud.

Cash Management Online Banking

At the core of our services is Cash Management Online – a secure, multi-user, online and mobile banking environment in which to manage your vital financial transactions. It provides critical information to make timely decisions, tools to effectively manage your cash flow, a range of fraud detection services, and the ability to securely make payments with a variety of options.

Collections

Optimize your cash flow with easy-to-use payment receivables solutions.

  • Expedite funds availability by collecting payments quickly and securely.
  • Improve cash management forecasting.
  • Accept payments online from anywhere, anytime.

Eliminate trips to the Bank by capturing and transmitting deposits to us using your PC and a desktop scanner or a mobile device from the convenience of your office or home. 

Learn about Deposit XPress

Initiate electronic debits securely via Cash Management Online for same-day or next day settlement.

A suite of payment solutions that provide maximum flexibility for card payments — whether it’s in- store, online, or through the mail.

Learn about Card Payment Processing

A simple solution for customers, members, tenants, or donors to make secure electronic payments on your website.

A range of services to accelerate the conversion of your receivables tailored to your unique customer payment collection needs. 

Disbursements

Manage your accounts payable with a variety of secure, online payment options.

  • Safe and secure means for moving funds.
  • Improved cash management forecasting.
  • Reduction of time and expense.
  • Proactive management of your daily cash position.

Originate electronic payment transactions securely via Cash Management Online for same-day or next-day settlement.

Initiate U.S. Dollar or Foreign Currency wire transfers via Cash Management Online with multiple approval options.

Eliminate funding uncertainty with notification of total pending check payments scheduled to clear at day’s-end.  Cash position and daily funding requirements can be viewed via Cash Management Online.

Eliminate check writing by paying bills via Cash Management Online by making one-time, auto-scheduled, and recurring payments.

Manage travel expenses, business purchasing, fleet transactions, and accounts payable with our One Card program.

Please contact your BankRI representative, or speak to our Cash Management team to discuss how we can tailor a program to meet your specific needs.

Fraud Protection

Protect your business accounts with powerful risk management tools.

  • Online security features protecting the integrity of online transactions through “layered security”.
  • Dual control for payment transactions.
  • Check fraud mitigation.
  • Detection of unauthorized ACH Debits.

Cash Management Online's secure browser technology provides multi-layer protection, including testing for corruption and infection, multi-factor identity verification, authentication of destination websites, one-time passcodes, and it employs unique user permissions with dual control and company administrator controls.

Minimize the possibility of fraud loss or disruption of payments to your vendors, clients, or employees by protecting you from fraudulently created or altered checks.

Monitor incoming ACH Debit transactions (outgoing funds), setting up specific rules to allow authorized transactions to post, and returning any unauthorized transactions.

Via Positive Pay, receive alerts of potentially fraudulent check activity or unauthorized transactions.

Liquidity Management

Put idle funds to work for your business by concentrating funds, investing, or paying down debt automatically.

  • Automatic investment of excess cash maximizes working capital resources.
  • Multiple investment options offered to meet your financial objectives.
  • Maximize interest income by sweeping funds into overnight investment vehicles.

Multiple options to assist with your daily cash flow fluctuations and decision-making tools to maximize your investment income and minimize interest expense.

Offers a choice of overnight investment options including repurchase agreements and interest-bearing checking accounts.

Provides an opportunity to minimize interest expense by paying down your credit line.

 A cost-effective way to concentrate deposits and eliminate manual transfers.  Funds are automatically swept into your concentration account at the end of each business day.

Business Credit Card

A BankRI Business Credit Card helps you improve cash flow, increase buying power, and better track your business and employee expenses.

Meet our Cash Mangement Team

At Bank Rhode Island, we take the success of your business personally. It’s why we offer you access to a dedicated local team of seasoned professionals who live and work in your community. Our team delivers solutions and expertise to help local businesses just like yours succeed. We invite you to meet with them to see what they can do for you.

Dan Hartnett Headshot
Vice President, Cash Management Services
David Gellerman Headshot
Cash Management Specialist
Myra Latimer Headshot
Cash Management Specialist