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Elan Financial Services

Meet your payment needs

Elan Financial Services offers a variety of solutions to help meet your payment needs. Your organization can leverage our proven expertise to drive down costs, improve oversight and control, and optimize cash flow, all while meeting your unique business needs.

Drive down costs

  • Automate payments for less manual intervention and fewer mistakes
  • Streamline time-consuming payment and reconciliation processes

Improve oversight and control

  • Control when, where and how much employees spend through flexible controls
  • Audit overall payment activity with enhanced data and actionable reporting
  • Improve payment policy compliance with 100% transaction monitoring

Optimize cash flow

  • Leverage payment terms to maximize supplier discounts
  • Manage cash flow with flexible billing and payment options

At Elan, we have the products and industry know-how to help your organization optimize its payment program. Whether you are looking for cost-effective alternatives to your current payment methods or want to automate your accounts payable process, Elan has the solutions you need.


Sweep Accounts

Make the most of your excess cash through one of our sweep accounts and maximize your earnings potential. Accounts include:

  • Investment Sweep – To help manage your cash more efficiently and increase your income, excess funds are automatically transferred into a Mid Penn Bank Money Market Investment Sweep account. The account is interest-bearing and is FDIC insured.
  • Zero Balance Accounts – Simplify your banking and maximize your business’s cash flow with a Zero Balance Account.


Escrow Sub-Accounts

Manage funds more easily with escrow sub-accounts. These accounts help save you time and reduce paperwork by offering:

  • Combined statements
  • Online viewing and transfers
  • Nickname accounts on statements
  • Interest-bearing options