Receivables Management

Named Best Treasury and Cash Management Bank in Canada for 2021^†, 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.

Key Benefits

Gain better control of your cash flow

Get paid on time by future-dating your collections
Avoid potential delays in receiving payments through regular mail
Improve your cash flow and get faster access to your funds by depositing them the same day you receive them
Easily review deposit data online for more accurate cash flow forecasting
Understand how each of your locations is contributing to your cash flow
Get access to capital when you need it by consolidating funds deposited from your operations across the country, for crediting to your concentration account

Save time and money

Streamline payment processing to save you time and money
Maximize productivity and reduce unnecessary administrative costs such as opening mail, sorting payments and preparing deposits
Bank on your schedule and deposit cheques or cash 24 hours, 7 days a week and avoid time-consuming trips to the bank to make deposits
Reduce shrinkage and human error by automating tasks like counting and deposit preparation
Save money on costly manual fund transfers between your business accounts
Have your cheque and invoice processing handled by CIBC on your behalf, including mail opening, capturing payment details, preparing control reports and organizing the deposit, so you can concentrate on what matters most to your business
Avoid waiting for payments in the mail as CIBC processes your bill payments and deposits the funds directly to your bank account using Electronic Funds Transfer (EFT) the next business day

Improve your customer service

Offer your customers convenience and a cost-effective payment method
Give your customers peace of mind that their payments will be on time
Save your customers time and money by eliminating the need for cheques, envelopes, and postage
Give your customers the option to pay you with an electronic payment that carries detailed remittance information
Reduce mail delivery time by allowing customers to send payments to a nearby address rather than a remote head office location
Offer convenience to your customers by providing multiple CIBC channels for bill payments, including bank machines, banking centres through CIBC Cash Management Online^® (CMO)Opens a new window in your browser., CIBC Online Banking^® and Telephone Banking

Improve Reporting and Analytics

Match sales results to deposits with flexible and easy-to-read reports
Have CIBC provide an electronic file listing details for all invoices paid
Automatically update your receivables ledger to efficiently reconcile and manage your accounts
Track results and quickly address exceptions with detailed daily reporting
Select the remittance information delivery option that best suits your business, whether that’s Electronic Data Interchange (EDI), File Transfer Service (FTS) or fax
Automatically reconcile your accounts receivables by receiving payment remittance information in user-friendly and convenient formats

Products and services

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.

Merchant Services

Simplify how you accept payments, get fast access to your funds and improve customer satisfaction with solutions from our merchant services partner, Global Payments. Global Payments is a leading provider of payment technology and software solutions, with a wide range of solutions that allow you to collect debit and credit card payments in store, online, by mail or phone. You can also take advantage of detailed payments reporting and analytics to better manage your cash flow.

Interac e-Transfer^® for Business

Receiving payments and reconciliation has never been easier! Receive payments of up to $25,000 along with accompanying remittance data through CIBC Cash Management Online^®. To quickly have funds automatically deposited into your business account, all you need to do is provide clients or vendors your registered email address, mobile phone number or account number. To keep better track of your receivables, you can even include an invoice number with the Request Money feature when requesting payments!

Receivables Management

Key Benefits

Gain better control of your cash flow

Save time and money

Improve your customer service

Improve Reporting and Analytics

Products and services

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

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

CIBC Electronic Data Interchange (EDI) Receiver Service

CIBC eDeposit™ for cheques

CIBC eDeposit™ for cash

CIBC Rapidtrans®

CIBC Wholesale Lockbox

CIBC Deposit Acceleration

CIBC Corporate Credit Processing

CIBC Acceptance of Payments of Account (APA)

CIBC Merchant Electronic Bill Payment (MEBP) Service

Merchant Services

Interac e-Transfer^® for Business

Contact Us

Call us

Let us contact you

Receivables Management

Key Benefits

Gain better control of your cash flow

Save time and money

Improve your customer service

Improve Reporting and Analytics

Products and services

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

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

CIBC Electronic Data Interchange (EDI) Receiver Service

CIBC eDeposit™ for cheques

CIBC eDeposit™ for cash

CIBC Rapidtrans®

CIBC Wholesale Lockbox

CIBC Deposit Acceleration

CIBC Corporate Credit Processing

CIBC Acceptance of Payments of Account (APA)

CIBC Merchant Electronic Bill Payment (MEBP) Service

Merchant Services

Interac e-Transfer® for Business

Contact Us

Call us

Let us contact you

Interac e-Transfer^® for Business