XYZ, Inc. is a service firm specializing in the placement of temporary personnel into positions such as receptionists, bookkeepers, and accountants. They have 30 locations across the U.S. with headquarters in Delaware. Corporate headquarters centralizes all funds and handles the Company's borrowing and investing needs. At least two times per month, the Delaware office must express mail checks to the outlying locations to meet petty cash needs.

Cash Management Solution
Direct Deposit could be an efficient way to disburse payroll to employees at multiple locations. Deposit Concentration and Disbursement Services can facilitate the movement of funds to and from the concentration account in an efficient and cost-effective manner. To maximize interest income, excess balances could be swept into an overnight investment vehicle.

Updated: January 1, 2013

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