Cash Management Services
CIBC offers a full range of receivables, payables and treasury management services to meet your complex cash management needs. Payments received from your customers and made to your suppliers are efficiently processed to optimize your cash flow position and to ensure the effective management of your business' operating and investment funds.
Payables Management
Receivables Management
Information and Treasury Management
Direct Deposit
An easy and cost-effective way to pay groups of employees, suppliers, or investors anywhere in Canada.
CIBC EFT Direct Deposit service gives your business a fast and simple way to make electronic payments and avoid the costs associated with preparing, distributing, and reconciling cheques.
Corporate Clearing
Cost-efficient and reliable, Corporate Clearing is beneficial if you issue large volumes of cheques.
As cheques drawn on your account are presented for payment, all pertinent data is electronically captured, and the cheques are returned to you promptly on a daily basis.
Pay EDI
An easy way to make your Accounts Payable process more efficient.
Pay EDI provides business customers with the facility to submit EDI-formatted payment instructions to CIBC. The service also allows you to provide complete remittance details to your suppliers in the format suited to their needs.
Positive Pay
Reduce your potential exposure related to cheque fraud.
Positive Pay provides an automated matching process that quickly identifies exception items that are directed to you for instructions on payment.
Government Payment and Filing Service
A faster, easier way to file information and pay government taxes online.
All businesses are required to remit taxes to Federal and Provincial government agencies. CIBC's Government Payment and Filing Service provides you with a simpler and faster way to remit payment, giving you more control over your cash flow.
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Pre-Authorized Payments
An easy and cost-effective way to collect regular and recurring payments in Canadian and U.S. dollars from your clients anywhere in Canada.
CIBC EFT Pre-Authorized Payment service gives your business a fast and simple way to withdraw funds from clients' accounts and get paid on time, every time. CIBC's EFT Pre-Authorized Payment service makes collecting funds more predictable and cost-effective.
Rapidtrans
An effective way to receive maximum value for funds deposited.
The Rapidtrans service facilitates the ability to make deposits at any pre-determined financial institution in the country.
Lockbox
Eliminate in-house remittance processing for receivables.
A CIBC Lockbox eliminates in-house cheque and invoice processing for payments you receive from your corporate clients. We handle the entire process - from opening the mail to sending you the information you need to update your receivables - giving you faster access to your payments. Lockbox locations are available in Canada and the U.S.
Learn MoreDeposit Acceleration
An easier way to track and consolidate deposits for faster access to funds.
With Deposit Acceleration, your cash flow becomes easier to manage. Funds from across your organization are immediately credited to your concentration account and ready for use, regardless of where deposits are made. And Deposit Acceleration reports keep you informed of how each location is contributing to your company's cash flow.
Corporate Credit Processing
Giving you more time to focus on what's important.
If you receive large volumes of cheques, the Corporate Credit Processing service will provide you with an extended window for delivering these cheques to CIBC while still receiving same-day value for the items.
Acceptance of Payments of Account
Making bill payment collection easy and convenient.
CIBC Acceptance of Payment of Account (APA) service offers your clients multiple options for making their bill payments. With APA service, payment information is consolidated and the funds are deposited to your account via Electronic Funds Transfer (EFT), giving you access to your money sooner.
CIBC Merchant Electronic Bill Payments
Get more control with faster results.
CIBC Merchant Electronic Bill Payment service provides your clients with various payment options, so you can get your money faster than you would with more conventional methods of payment. The daily detailed payment information allows you to reconcile your accounts receivable quickly and easily, giving you more control of your accounts and your cash flow.
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Information and Treasury Management
Account Reconciliation
A convenient way to reconcile cheques processed.
The Account Reconciliation service provides business customers with the ability to automatically reconcile cheques processed.
Centralized Cash Control
Centralized Cash Control is an offsetting service that nets the balances in accounts on a daily basis for interest calculation and liability purposes.
Each day the Centralized Cash Control service transfers and consolidates operating account balances (whether debit or credit) to a central concentration account. This allows for optimized cash management by consolidating operating account positions daily to create a centrally managed pool, helping to maximize interest earned and reduce borrowing costs.
Cheque Imaging
A timesaving way of viewing and storing your paid cheques.
CIBC will image all of your paid cheques and forward them to you on a CD containing all relevant information. The search engine provided facilitates convenient access to specific information requests.
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