Lockbox- Payment Processing Solution
Our Lockbox payment processing service provides faster, more efficient
processing of your customers' remittance payments than keeping the service
within your business’s office.
Instead of mailing payments directly to
you, your customers will mail them to a dedicated Post Office Box. Payments
are picked up and processed daily and the checks are electronically
deposited into your bank account. The prompt availability of funds allows
more earning potential for your business. We streamline the processing of
your receivables and then deliver a payment posting report in a custom
electronic or hard copy format which is compatible in many accounting
software systems. Remittance images and deposit information is
available to you via a safe and secure website.
- Our Lockbox service will
also:
- Reduce time spent receiving and depositing customer payments
- Reduce cost of processing payments
- Improve access to customer payment
information with detailed reporting and online images
- Speed availability
of funds
- Reduce or eliminate paper retention
Remittances ranging
from check only to fully encoded payment coupons can be processed with this
automated system, eliminating manual data entry and photocopying of checks.
It's fast and reduces human error.
If you are unsure if our Lockbox
service is right for your company, here are a few things to consider.
How
much time does it take you to:
- Pick up the
mail at the Post Office
- Open envelopes
- Separate and sort coupons and checks
- Post
payments
- Reconcile payments and invoices
- Endorse checks
- Create deposit slips
- Take deposits to the
bank
Eliminate these steps with our Lockbox payments processing
solution, reduce costs and save time. Now you will have time to focus
on what you do best, growing your business.
Call for your FREE analysis
today!
Find out more.
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