Receivables Management

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CIBC receivables solutions can help you easily collect payments and consolidate funds from across Canada and the U.S., while offering your customers a number of convenient and flexible options for paying you.

Depending on the options you choose, CIBC receivables solutions can help reduce the time you spend tracking and reconciling received payments so you can spend more time running your business.

Gain better control of your cash flow

Save time and money

Improve your customer service

Improve Reporting and Analytics

CIBC Electronic Funds Transfer (EFT) - Pre-Authorized Payment (PAP)

Collect regular and recurring Canadian and U.S. dollar payments online from your customers anywhere in Canada so you’ll always feel confident in your cash flow position. A predictable and cost-effective way to collect payments and reduce operational costs. Submit your electronic payment file through CIBC Cash Management Online® (CMO)Opens a new window in your browser. or directly from your treasury system and your payments will be processed automatically.

CIBC Automated Clearing House U.S. Dollar Cross-Border Payment Service for Receivables 

Collect regular and recurring payments online from your customers in the United States so you’ll always feel confident in your cash flow position. A predictable and cost-effective way to collect payments and avoid costs associated with clerical work. Submit your electronic payment file through CIBC Cash Management Online® (CMO)Opens a new window in your browser. or directly from your treasury management system and your payments will be processed automatically.

CIBC Electronic Data Interchange (EDI) Receiver Service

Receive payments and accompanying detailed remittance information from your EDI-capable customers for efficient payment reconciliation, even if your company is not EDI-capable. If your system is EDI-capable, remittance information can be automatically imported into your processing application, with limited data entry.

CIBC eDeposit™ for cheques

Allows you to scan and deposit Canadian and U.S. dollar cheques into your account(s) from the convenience of your office or a remote business location. CIBC eDeposit for cheques is an online service that quickly scans, uploads and deposits multiple cheques in a single transaction using a desktop cheque scanner and CIBC's online deposit application. Frequent deposits and large numbers of cheques are processed rapidly and easily, letting you focus on running your business. Deposits made before 7:00 pm ET are credited to your account the same business day.

CIBC eDeposit™ for cash

Helps you improve your business’ cash flow and save time by depositing cash electronically into your business account using a Brink's CompuSafe®. The value of cash held in the CompuSafe is electronically deposited to your CIBC business account for same-day credit for cash still on your premises, helping you better address your payment obligations. Throughout the day, your employees can deposit cash directly into the CompuSafe using integrated bill counters. Optional cash/coin dispensers and recyclers allow employees to withdraw funds for a new till. At the end of the day, the CompuSafe reports the total value of cash deposits to CIBC. Your cash is picked up by armoured car and delivered to CIBC, saving time and resources spent making manual deposits.

CIBC Rapidtrans®

A convenient way to consolidate funds overnight and better manage cash flow, no matter where in Canada deposits are made. With the Rapidtrans service, CIBC provides you with an easy-to-understand snapshot of your deposits, giving you better control of your cash flow. Make deposits in CIBC banking centres or approved branches of other financial institutions – whichever is more convenient for you.

CIBC Wholesale Lockbox 

Eliminate in-house remittance processing for receivables. A CIBC Wholesale Lockbox eliminates in-house cheque and invoice processing for payments from your corporate customers, giving you faster access to your receivables. Lockbox locations are available in Canada and the U.S. Lower operating costs when you outsource a critical part of your receivables management to CIBC's business banking experts.

CIBC Deposit Acceleration

An easier way to track and consolidate deposits for faster access to funds. Deposit Acceleration makes your cash flow easier to manage. Funds from across your organization are immediately credited to your concentration account when you use Centralized Cash Control, and ready for use, wherever deposits are made. Detailed reports keep you informed of how each location contributes to your company's cash flow.

CIBC Corporate Credit Processing 

Deliver large volumes of cheques directly to CIBC Processing Centres. Corporate Credit Processing provides you with an extended time window for delivering cheques to CIBC while still receiving same-day value for the items.

CIBC Acceptance of Payments of Account (APA)

Easy and convenient bill payment collection. Let your customers make their bill payments flexibly, with the CIBC Acceptance of Payment of Account (APA) service. With the 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 Payment (MEBP) Service

A convenient and reliable way to receive bill payments from your customers. The CIBC Merchant Electronic Bill Payments service provides you with multiple options to collect bill payments from your customers, giving you access to your money faster than conventional payment methods. By having your company listed on the CIBC biller payment payee list, your customers can pay your invoices at CIBC Instant Teller® and banking centres, or through CIBC Cash Management Online® (CMO)Opens a new window in your browser., CIBC Online Banking® and Telephone Banking.

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