Deseret Management Corporation (DMC), headquartered in Salt Lake City, manages for-profit entities affiliated with The Church of Jesus Christ of Latter Day Saints. While the organization emphasizes careful planning and coordination with vendors and employees, unexpected situations occasionally require payments to be made quickly.

According to Michael T. Gregory, CPA, Director of Treasury Services at DMC, emergency situations can arise that affect payroll or require urgent vendor payments. In these cases, timing becomes critical to keep operations running smoothly.

To address these needs, DMC uses Same Day ACH for emergency and time-sensitive payments. When an urgent situation occurs, DMC initiates a Same Day ACH credit through its normal ACH processing workflow, allowing funds to be credited on the same business day. 

Same Day ACH Helps Deseret Management Corporation to:

• Respond quickly to unexpected payment needs, including payroll and vendor emergencies.
• Maintain operational continuity when timing issues arise.
• Reduce manual handling and operational effort associated with customized payment processes.

Same Day ACH Credits Work for Deseret Management Corporation.

Even well-planned organizations encounter unexpected payment challenges. Same Day ACH gives Deseret Management Corporation the flexibility to address emergency situations efficiently using familiar ACH processes to ensure funds are delivered when they are needed most. As Gregory noted, Same Day ACH has proven to work “very, very well” for DMC, providing confidence and reliability when plans need to change.