Transform Your Lockbox Operations on a Truly Integrated Receivables Platform

The 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.