TREASURY MANAGEMENT
Lockbox Solutions
Ideal for businesses that receive a large volume of payments or checks, our Lockbox Solutions can help streamline collections and payment processing.
Tailored Lockbox Solutions
Processing large volumes of payments or checks can require significant administrative time and incur processing costs that eat into your profitability. With our Lockbox solutions, you can streamline it all in a cost-effective and efficient way.
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Maximize profitability. Improve receivables processing efficiencies through automation and quicker access to funds with electronic submission of deposits.
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Reduce processing costs. Eliminate mail processing, data entry, deposit prep, and bank trips.
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Quickly access reporting. View customer payment information and document images online and receive secured data and image files.
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Improve customer service and response times. Quickly research customer payment inquiries online and reduce response times.
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Increase financial and operational control. Separate receivables and payables processes and automate posting to accounting systems.
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Manage risks. Help mitigate internal fraud and enhance business continuity with offsite receivables processing.
Wholesale Lockbox
Processing business-to-business (B2B) receivables that are often non-uniform is time consuming but essential to sustaining your cash flow. Our Wholesale Lockbox service streamlines the process with automation to improve funds availability and allow you to better manage expenses to improve profitability.
Retail Lockbox
Our Retail Lockbox service helps you maximize business efficiency in handling high-volume, low-dollar payments and utilize resources to enhance revenue generation and greater profitability.
eLockbox
Reduce the volume of incoming paper check payments with our eLockbox service. eLockbox consolidates electronic Bill Pay payments into a single data file each day that generates an electronic credit to your account and can be used to update your accounts receivables system.
Lockbox Remote Capture
Enhance your current Retail and Wholesale Lockbox services by adding Lockbox Remote Capture. Payments received at your company’s location can be scanned and transmitted to the bank’s Lockbox system to be combined with payments received and processed by the bank’s Lockbox Operations team. The functionality can also be used as a stand-alone capture service instead of a USPS PO Box for the capture of lockbox transactions for further processing by the bank’s Lockbox operations team.
Streamline your accounts receivables and deposit processes
Our Remote Deposit Capture service is flexible and can be configured to capture remittance document images, allow data to be captured, and data entry to be performed or just capture check data and images for submitting an electronic deposit.
