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Lockbox Services

Accelerate Your Receivables Processing

With our broad network of secure lockbox sites and innovative electronic receivables products, we can help you cut hours – or days – out of your collections process by automating your receivables posting.

Improve Deposit Availability

Our lockbox services deliver comprehensive, flexible remittance processing that can substantially streamline your accounts receivable function. In addition, our lockbox services can help you to:
  • Reduce day’s sales outstanding.
  • Improve staff productivity by automating manual processes.
  • Decrease the potential for theft, fraud and error by reducing the number of employee “touches” on each transaction.
  • Access decision-critical account information from your desktop.
  • Speed remittances – and improve overall cash flow

How Lockbox Works

At our expansive network of lockbox sites, we accept electronic and paper remittances, convert the checks to ACH debits or electronic images, and then transmit the information directly to you.
Our time-saving service includes frequent mail pickups (on average, 15 to 20 times daily), an extensive retail lockbox network, the largest wholesale lockbox network in the United States, and the largest image-equipped network in North America. We can automatically update your accounts receivable system, and provide same-day information access via electronic reporting. Traditional paper reporting is also available.
To get the specific information you need, contact us.