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The demands on community management firms today are huge. It’s hardly surprising that the efficient management company is always searching for new ways to cut costs and save time. Many jobs are repetitive, recurring month after month. The tedious job of processing vendor payables can be simplified and your accounting can be made easier with the CIDcash^® Program.
 

Management Companies benefit in numerous ways with the CIDcash^® Program

	Receive fraud control credits on all transactions.
	Save on average $25 per transaction on the cost of writing checks.
	Reduce or eliminate check reconciliation.
	Expedite Board approval all outstanding checks.
	Simplify the processing of reoccurring payments.
	Makes construction projects easier to manage.
	Provides an additional tool for back-end reporting and charge consolidation, with grouping and analyzing of spending data by expense types.
	Provides vendor spending data.
	Creates a client retention tool.
	Retains money in the account for an additional 30 days.
	Provides better fraud control, protecting against check manipulation, check fraud, and check washing.

Elan’s Corporate Payment System is the world’s largest bankcard issuer of purchasing cards. It is the leading issuer in government purchasing cards and second largest issuer of corporate and business purchasing cards. Transactions are insured by MasterFidelity policy holders.

Agent Banks Win with the CIDcash^® Program

The CIDcash^® Program gives agent banks a competitive advantage. Clients understand the value of a more robust, customized report that simplifies their accounting process. That results in happier long term client relationships. When agent banks build an automatic ACH file, with a 10 to 15 day pause for any disputes, the agent bank retains funds for a longer period of time, increasing profitability and interest earnings to their clients.

Agent banks benefit in numerous ways with the CIDcash^® Program

	Eliminate the monthly cost of processing payables for homeowner’s association at an average $.32 per check.
	Save staff time in check processing
	All products are in the Agent Bank’s name.
	Develop an additional client retention tool.
	Retain money in the account for an additional 30 days
	CIDcash® has a no liability contract
	CIDcash® is a purchasing card program that does not interfere with other exclusive card programs