Lock Box
Our Lockbox Service allows you to expedite the collection of customer payments and maximize your cash flow. Payments are mailed to one post office box location for easy retrieval and processing by the bank.
Funds are credited to your account the same day payments are processed allowing you to maximize your cash flow for investment opportunities, product and service discounts or debt repayment.
- Summary
Because the process is electronically based, expenses associated with the collection and posting of customer payments is greatly reduced.
- Payments are mailed to a post office box under your name so it appears that the bills are being handled by your company
- The total amount of payments processed is electronically deposited into your operating account at the close of business each day. These funds are available the next day
- Data files and reports will be customized to meet your individual needs
- Reports are provided electronically allowing you to update your payment system more efficiently
- Researching payment transactions is quick and easy with our Online Archive and CD ROM
