Lockbox
We're everywhere so you don't have to be.
Let us handle your check collection and receivables so you can focus on other aspects of your business.
Check collection and receivables processing is an important part of your cash management process. It's important to manage these processes as efficiently and accurately as possible. Our Lockbox Services can help with that.
We offer mail pickups (on average, 15 to 20 times daily), retail lockbox sites in 12 cities nationwide, and wholesale remittance processing at 25 locations in the U.S. and Canada. We can accept electronic and paper remittances, convert the checks to electronic images, and then send the information directly to you in an electronic format that can be uploaded into your Accounts Receivable program.
- Summary
- Improve cash flow
- Quicker processing of receivables
- Funds available faster
- Improve productivity
- Reduce potential fraud, theft, or mistake
- Access important information
- Automate accounts receivable updating
