Lockbox Services

Accelerate your receivables processing

With the fastest image-enabled 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 mail float by taking advantage of faster mail delivery.
  • Reduce day’s sales outstanding.
  • Improve staff productivity by automating manual processes.
    • Use our Online Decision service to perform data repair - reducing exceptions requiring research.
    • Virtual Lockbox allows you to scan remittances remotely, eliminating trips to the bank and the need to re-ship remittances to your lockbox.  
  • 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) and an extensive lockbox network. 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.