Lockbox

Lockbox Services help customers accelerate the process for collecting receivables and converting them into cash. With Lockbox services, we set up a unique address through the United States Post Office specifically for the corporate customer. Once received, a seasoned staff, supported by the latest technology, processes the receivables for the customer.

Many businesses spend a considerable amount of time dealing with payment collection. Lockbox Services provide processing of your accounts receivable payments timely, efficiently, and cost-effectively.

Benefits to your organization include:

• Reduced Float
• Faster depositing and clearing of checks
• Increased audit control
• Reduced expenses
• Speeds the collection of receivables
• Reduces bank visits

Consider Lockbox Services if your organization:

• Receives paper-based receivables
• Needs to segregate accounting functions
• Prefers not to visit the bank daily to make deposits