Managing a mix of payment types, remittance information and related customer and financial risks can be complex and time-consuming. Northern Trust's receivables management services can help improve efficiency with cost-effective solutions to support your treasury, accounts receivables, customer management, and credit and collections functions.
Electronic Collections–Speed up incoming cash flow and offer your customers greater flexibility by automating the receipt of domestic and international ACH and wire payments.
Lockbox–Choose from our extensive suite of lockbox options and leverage our nationwide network of lockbox sites to help streamline payment collection.
Imaging Services–Gain access to your image and remittance files quickly and easily. Store, retrieve and securely manage information to support collections, receivables and customer relationships.
Information Services–Capture and integrate information from multiple payment and information types to improve timeliness of information flows. Northern Trust Treasury Passport and direct transmission options enhance timely access and flexibility in how information is accessed and delivered.
Depositary Services–Improve timeliness of deposits and reduce risk by capturing and transmitting electronic check images for payments received in your offices.
Scott is a Senior Vice President at Northern Trust Company and is responsible for managing Northern’s Treasury Services Consulting division. The Treasury Consulting Division provides Northern Trust clients with assistance in evaluating their existing cash management structure, support in analyzing and implementing treasury management solutions designed to optimize cash flow and streamline payment and financial operations, as well as advice regarding payment industry trends and best practices.
Scott joined Northern Trust in 2003 and has twenty-five years of banking industry experience, including more than ten years in the treasury management services field. Prior to joining Northern Trust he worked for National City Bank and predecessor organizations of J.P. Morgan Chase in several different capacities, including treasury management sales, procurement card product sales, corporate banking relationship management, asset-based lending, and asset-backed securities underwriting.
Scott has a Bachelor of Arts degree from Coe College in Cedar Rapids, Iowa and an MBA degree from DePaul University in Chicago. He is a member of the Association for Financial Professionals (AFP), and was a member of AFP’s working committee that created the first standard RFP for purchasing cards in 1998. He earned the Certified Cash Manager (CCM) designation in 2000, and currently holds AFP’s Certified Treasury Professional (CTP) designation.
Northern Trust Corporation. Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A. Incorporated with limited liability in the U.S. Products and services provided by subsidiaries of Northern Trust Corporation may vary in different markets and are offered in accordance with local regulation. For more information, read our legal and regulatory information about individual market offices.
This material is directed to professional clients only and is not intended for retail clients. For Asia-Pacific markets, it is directed to institutional investors, expert investors and professional investors only and should not be relied upon by retail investors.