Transform Your Lockbox & Remittance Processing Workflows with True Integrated Receivables
In-House or Outsourced Lockbox Solutions. One Platform.
ETran's Advanced Lockbox Processing fits the bill no matter your needs. Whether your organization is looking for retail lockbox services or wholesale lockbox solutions, FTNI's ETran integrated receivables suite features the lockbox management you need to accelerate your payments processing and cash application.
The decision to leverage a lockbox within your existing receivables mix—whether run internally or outsourced—is no small undertaking. FTNI's ETran solution suite delivers affordably implemented, easily configurable and conveniently maintained lockbox technology including advanced remote deposit capture (RDC), remittance document scanning, and seamless application of payment data into your back-office system(s).
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ETran by FTNI
Currently in use within corporate remittance processing workflows, financial institutions and third-party operators, ETran's Advanced Lockbox technology delivers the flexibility and configurability you need to accelerate the acceptance, processing, deposit, and application of all lockbox remittance items.
Discover the software and solutions you need today to automate and accelerate your payment and remittance processing services. WithETran by FTNI, you can improve cash flow, reduce manual errors and human intervention, andultimately, automate your accounts receivable (A/R) andcash application process.
How ETran's Advanced Lockbox Solutions Work
Implement a lockbox processing solution that fits your business' unique payment processing and transaction workflows.
ETran supports the scanning and association of paper checks and remittance documents. Using optical character recognition (OCR) technology, meta data can be captured from check images and remittance advices for cash application purposes into any back-office system.
ETran captures scanned in paper check payments with image-based software services to automatically apply payments to customers' accounts. Used across businesses, banks and other third party providers, ETran's Advanced Lockbox processing products help to increase productivity and A/R management across your organization.
ETran's back-office and bank agnostic nature allows it to ingest detailed payment information from your outsourced lockbox and 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.
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.
With electronic clearing capability for all payment information, transactions are able to be automatically processed and deposited to any bank settlement account. Your A/R team will have easy access to all processed transactions and deposits through the ETran user interface.
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.
ETran adapts to your ever-evolving business needs and integrates with your existing relationships. Agnostic by design, the ETran platform helps maximize flexibility and scalability by being compatible with your banks/financial institutions, merchant processor, check scanner, and back-office system(s).
Upon login to the ETran system, users have complete oversight, visibility and direct access to all items via a secure, unified interface.
Internal accounts receivable teams can also improve oversight by utilizing ETran's robust search and reporting tools to analyze current business processes. Tailored to your unique business requirements, search and report can provide actionable insights and costs savings for your business. By creating standardized or customized reports, ETran provides your team with customers' transaction data and payment information in real-time.
Leveraging a truly integrated solution to power your lockbox operations should provide your business with a risk-free, 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 protected and equipped with a complete proactive cyber operation from our hosting partner, Armor.
Upgrade Your Lockbox Solutions Today
Cloud-based Modular Design & Delivery
Highly-configurable Down to the User Level
Extensive User Options
Deep Data Structure
True Straight Through Processing
Customizable Workflow Queues
Tailored Business Rule Automation
Responsive Online & Mobile Interfaces
Data Entry Automation
Complete Payments Hub
Enhanced A/R Oversight
Robust Search & Report
Multiple Layers of Security & Compliance
Flexbile Integration Options
Complete Site Visibility
Seamlessly Integrated Automation
Any Back-office Systems
Batch or Real-time File Connectivity
Automated Cash Application
Complete Remittance Document Management
Flexible Lockbox Services to Deliver Accelerated Receivable Management
Improve your cash flow and internal or outsourced lockbox management with state of the art lockbox services—all handled and processed from a single, remittance processing platform. Whether you're looking for retail lockbox services or wholesale lockbox solutions, ETran by FTNI powers your payments receivable needs.
Download our lockbox and remittance processing eBook for additional information around the key elements in adding payment solutions to help your A/R operational efficiency today. Check out our resources below to learn more.
Additional Information & Resources
eBook: Lockbox Processing
Discover how businesses and banks can reach increased efficiencies within their current lockboxes and remittance processing with truly integrated A/R automation and accounting system management solutions.
Unlike a dashboard that only displays transactions from disparate receivables systems, atrulyintegrated receivables solution can accept, process and post 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.
Internal Lockbox Operations:ETran is currently in use driving lockboxes at businesses 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, financial institutions and other third-party lockbox providers, FTNI delivers the technology and partnerships to support your outsourced lockbox needs—all with the added benefit of ready access to a single platform.
ETran's Advanced RDC products deliver the ability to streamline the scanning and association of check payments with image-based OCR software. The RDC services quickly and efficiently read, process and associate checks with customers' accounts to speed businesses check and lockbox payment processing.
Once payments are uploaded and processed, the check payments are automatically deposited at a specific cutoff time and posted to your back-office market accounting system for cash application automation.
FTNI's single platform, ETran, streamlines A/R workflows and processes 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, 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.
FTNI's ETran platform is a cloud-based, modular solutions suite delivered in a SaaS model. Software-as-a-service delivery means significantly reducing, if not completely eliminating, all costs associated with having hardware and software managed on-site, as well as the dedicated staff and support needed to manage the on-premise systems.