How Can A Lockbox Protect And Grow My Business’s Treasury?
Lockbox improves your business’s cash flow and security by transferring the handling and posting of mailed-in payments to our specialists, so your funds are available sooner. Our lockbox solutions can be customized for your specific business needs and goals, allowing you to focus on what’s important—growing your business.
Businesses can use our lockbox solution to eliminate the administrative need for someone to physically open mail, prepare deposits, take checks to the bank, or process them through a remote deposit machine. A commercial lockbox offers business owners peace of mind knowing the bank is managing their receivables process.
What are the benefits of a commercial lockbox?
- Our lockbox solutions are customized to meet your specific business needs and operations
- Lockbox allows you to get fast access to payment information – plus paper truncation – via imaging
- We collect and process your receivables for you
- You benefit from superior monetary controls and expedited collection of your funds
- You get all payment and remittance information electronically to post efficiently to your accounts receivable system
- You receive payment information the same day via our secure website
- You can have information stored online or downloaded for permanent storage offline
- You can be sure that your information is encrypted and secure