Concentrate incoming payments into an electronic lockbox created to your specifications. Lockbox streamlines the process of reconciling remittances and posting accounts receivable by combining hundreds of electronic sources into a single posting file and a single deposit.
With Lockbox, you’ll automate more of your electronic payment stream to eliminate posting errors and exceptions. Our rigorous error detection ensures proper payment posting, reducing your costs as well as increasing customer satisfaction.
- Unmatched Accuracy – Online Resources’ Real-time Digital Scanline Technology® (RTDS) instantly detects invalid information based on your account specifications, ensuring that account numbers and payment instructions are 100% postable before they even get to you.
- Convenient Control – Receive all your electronic payments in one file to simplify reconciliation and manage your accounts receivable. Leverage robust reporting and payment research functionality.
- System Flexibility – Integrate with your existing A/R specifications and formats.
Lockbox is part of a full suite of products that can be easily integrated to deliver a complete electronic payment solution.
Learn why integration should be a key component of your strategy!
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