ETran Lockbox processing solutions fit the bill no matter your needs. The decision to leverage a lockbox within your receivables mix—whether run internally or outsourced—is no small undertaking. FTNI's integrated receivables platform, ETran, delivers affordably implemented, easily configurable and conveniently maintained lockbox processing solutions including advanced remote deposit capture (RDC), remittance document scanning, and seamless posting of payment data to your back-office system.
Currently in use within corporate in-house lockbox operations, banks and third-party operators, ETran will provide the flexibility and configurability you need to streamline the acceptance, processing and posting of your lockbox remittance items.
Implement a lockbox processing solution that fits your business processes and workflows regardless of in-house or outsourced lockbox operations.
ETran supports the scanning and association of checks and remittance documents. Using optical character recognition (OCR) technology, meta data can be captured from remittance advices for posting and cash application purposes into any back-office system.
ETran's back-office and bank agnostic nature allows it to take information from your outsourced lockbox and information from your business' systems and successfully match them via an automated process based on your unique business rules—i.e. 'consuming the feed'. Then, ETran can feed that data into your back-office and CRM systems in either batch or real-time.
Consuming and matching the transaction data with the appropriate customer accounts for automatic posting helps eliminate manual processes, and let's your employees focus on higher value functions such as exception handling.
With FTNI's ETran platform, your company benefits from on-demand scalability and seamless integration capabilities with your existing banking relationships, as well as any accounting software and other back-office systems to automate the processing and posting of payments in a single pass—straight through processing.
Efficient, well-functioning lockbox operations and processes provide businesses with increased flexibility, streamlined efficiencies and in-depth A/R oversight.
Leveraging a truly integrated solution to power your lockbox operations should provide your business with a secure and efficient platform.
ETran's SaaS architecture not only provides increased efficiency, but also multiple layers of security and compliance. At the application layer, ETran is both PCI and HIPAA compliant, as well as complete with a proactive cyber security operation from our hosting partner, Armor.
Achieve true straight through processing of incoming payments from your internal or outsourced lockbox operations. ETran has the unique ability to seamlessly integrate with any back-office system in either batch or real-time to streamline and automate cash application operations.
Highly-configurable down to the user level
Deep data structure
Add new users, locations, payment methods/channels
Customizable workflow queues
Tailored business rule automation
Simplified exception management
Enhanced A/R oversight
Robust search and report
Multiple layers of security and compliance
Flexible integration options
Seamlessly integrated automation
Any back-office systems
Batch or real-time files
Streamlined cash application
Unlike a dashboard that only displays transactions from disparate receivables systems, a truly integrated receivables platform accepts, processes and posts any payment type—check, ACH/EFT, credit card, debit card, cash—via any payment channel—mailed-in, lockbox, called-in, in-person, online, mobile—on a single, secure (and compliant), SaaS platform.
In-House Lockbox Operations: ETran is currently in use driving lockbox operations at firms processing as little as a few thousand checks and remittance documents per month, yet it is also powering lockbox operations processing nearly 1 million checks and associated documents monthly.
Outsourced Lockbox Operations: Currently used by banks and other third-party lockbox providers, FTNI delivers the technology and partnerships to support your outsourced lockbox processing needs—all with the added benefit of ready access to a single truly integrated receivables platform.
FTNI's integrated receivables platform, ETran, streamlines A/R operations by allowing internal teams to have complete oversight of all incoming payment data for review, processing and posting into your back-office system(s).
By streamlining and automating accounts receivables (A/R) operations, truly integrated receivables solutions cut down or eliminate tedious, manual, time-consuming processes, allowing your internal team to spend more time on higher value functions such as exception handling.