Say goodbye to those trips to the mailbox or bank.
Imagine a system where your payments are deposited to your account and a record is delivered daily, without ever leaving your business. Lockbox Services is the next level of efficiency and operational savings:
- Accelerate cash flow and availability
- Cut down on staff accounting and processing equipment
- Use high quality reports and images produced for your records
- Access customized reporting and posting files
How does Lockbox Service work?
Step 1: Remittances to your company are mailed directly to a post office box owned by the bank.
Step 2: We handle the remittance for you – from pick-up to making the deposit into your company’s account.
Step 3: On a daily basis, we electronically provide the necessary information for you to update your accounts receivable records.
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