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, increase funds availability, and transmit that information to you for automated receivables posting.
Our time-saving service includes frequent mail pickups (on average, 8 to 10 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 expedite the update of your accounts receivable system, and provide same-day information access via electronic reporting. Traditional paper reporting is also available.