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Transform Your Lockbox Operations on a Truly Integrated Receivables Platform

Advanced Lockbox Processing Graphic | FTNIThe decision to leverage a lockbox within your receivables mix—whether run internally, outsourced or somewhere in between—is no small undertaking.

Lockbox technology has been a useful tool helping companies process payments since the 1950s and is still in use today.  New payments methods and channels have come along, but in 2016, for the first time in over 10 years, B2B payments made by check increased by a full percentage point (according to the 2016 AFP Electronic Payments Survey).  The need for lockboxes are here to stay for the foreseeable future. 

No matter how you look at it, it’s time to make your lockbox operations—whether in-house or outsourced—work for you. Imagine a lockbox processing platform that could:

  • Decrease costs as a result of streamlined processes
  • Accelerate cash flow by extending to accept any payment method via any payment channel
  • Provide greater oversight and control across enterprise-wide AR operations
  • Work with existing banking and merchant processor relationships—even extending to support multiple banking relationships when necessary
  • Automatically update your (or your customers’) back-office system(s)
  • Seamlessly incorporate existing business processes and workflows
  • Help you take the first step toward a cloudbased, fully-compliant (PCI, SSAE 16, HIPAA, etc.) integrated receivables platform

That’s not the lockbox of the future. That’s what’s possible today.

Single, Unified Interface

User-friendly interface to consolidate all lockbox, RDC, ACH and Credit Card transactions.  

Check & Remittance Scanning

Flexibly scan single or multiple remittance documents (up to 8.5" x 11") with each transaction.

Straight Through Processing

Accept, process and post payment and associated remittance information in a single pass.

True Integrated Receivables

Seamlessly accept any payment method, from any payment channel—all on a single, SaaS platform.

Agnostic in Nature

Compatible with existing back-office systems, banks, merchant processors and check scanners.

Serious Security & Compliance

Multiple Layers of proactive security and compliance—PCI, SSAE 16, HIPAA and more.

MICR Matching

Magnetic Ink Character Recognition (MICR) matches customer account data with AR details.

Intelligent Invoice Matching

Complete electronic invoice presentment and payment (EIPP) capabilities.

Extreme Configurability

Quickly configure custom business rules and processes to streamline your AR operations.

See How Physicians Mutual Accelerated Lockbox Operations by Nearly 75 Percent in the First 30 Days on the ETran Platform.

Read the Full Press Release 

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Lockbox Processing eBook Image | FTNI