Companies that supply equipment need to be prepared for their revenue to fluctuate based on the industries they support. These companies also need to keep enough cash on hand to invest in new products quickly.
While cash on hand can be instrumental to your company’s success, there are also challenges to managing large reserves. Our company, the American Deposit Management Co. [ADM], can help improve your cash management plan and protect you during large transactions.
We Help Equipment Dealers Manage Cash
Your company needs assurances that cash will be there when it is needed and earning a competitive return while it is waiting to be deployed. Our deposit management services help secure protection and returns for your cash while making it simple to access your funds.
Safety for Cash Reserves
The most important aspect of cash management is ensuring your money is safe from external factors like the possibility of bank failure. There is no stronger protection for cash reserves than government insurance through the Federal Deposit Insurance Corporation [FDIC] or the National Credit Union Administration [NCUA]. These agencies are backed by the full faith and credit of the United States government and guarantee up to $250,000 per ownership category at each insured financial institution.
To ensure your funds are always safe, our company uses proprietary fintech to power a concept we call Marketplace Banking™. This innovative technology spreads your cash across our nationwide network of over 500 banks and credit unions to achieve the ultimate protection – full government insurance – without the hassle of managing multiple banking relationships.
Access Your Money When You Need It
In addition to knowing your money is safe, you need to be able to access it at the right time. We offer two deposit management solutions to meet differing accessibility needs:
- American Money Market Account™ [AMMA™]. This account provides access to your funds twice a week along with full government protection.
- CD Term Account. Certificates of Deposit [CDs] provide managed liquidity – meaning you can reach funds on a set schedule. Like AMMA™, our CD Term Account provides access to full government protection.
Our experienced team will help you customize deposit management solutions based on your individual goals and needs. This often involves providing easy access to the cash you need in the short term and helping you allocate cash set aside for long-term projects to capture higher rates of return.
Nationally Competitive Returns
Our network of banks and credit unions is vast, which allows you to take advantage of regional differences in deposit yields. Additionally, the financial institutions in our network compete for deposits which translates to nationally competitive rates for your company’s cash.
However, we do more than locate competitive yields. Our experienced cash consultants handle the entire investment process on your behalf – including locating competitive rates, rebalancing your funds daily to achieve the highest possible yield, and keeping your money safe during large transactions.
Business Escrow Reduces Transaction Risk for Equipment Dealers
Business escrow services help protect buyers and sellers during large, complex, and risky transactions. The escrow agent is a neutral third party that holds money, titles, and anything else of value during a transaction and releases it only when the terms of the contract are met.
Like deposit management, our fintech has revolutionized the business escrow process. On top of the traditional benefits of escrow, we provide access to full FDIC / NCUA coverage for escrow cash – above and beyond the $250,000 limit. Plus, our experienced team makes the escrow process a breeze.
Between significant cash needs and large transactions, it can be difficult to manage risk as an equipment dealer. Fortunately, you don’t have to do it alone. Our company can help you minimize risk in your cash management and transactions – while helping you collect nationally competitive returns.
Equipment Dealers Thrive When They Partner With ADM
At ADM, we have the tools and technology to help your company succeed in the equipment dealer market. Our fintech-powered deposit management services help effectively manage your company’s cash and our unique business escrow services provide much needed protection during large transactions.
To learn more about how ADM helps equipment dealers, reference these Frequently Asked Questions. You can also contact us using the chat feature at the bottom of the screen or give us a call to discuss your specific needs.