Business Advantages
Lockbox Services LLC
Lockbox Services LLC is a service providing faster, more efficient processing of your customers’ remittance payments. Here are some of the ways we can help you:
LOCKBOX SERVICES LLC
How much time are these steps taking you?
- Pick up the mail at the Post Office
- Open envelopes
- Separate and sort checks and coupons
- Post payments
- Reconcile payments with invoices
- Endorse checks
- Create deposit slips
- Take deposits to the bank
• Reduce time spent receiving and depositing customer payments
• Reduce cost of processing payments
• Improve access to customerpayment information with detailed reporting
• Speed availability of funds
• Reduce or eliminate paper retention
• Instead of mailing monthly payments directly to you, the payments will be mailed to a dedicated Post Office Box
• Payments are picked up and processed daily and the checks are electronically deposited into your bank account
• Prompt availability of funds allows more earning potential for your business
• Checks, remittance images, reports, and data
files are available to you via a safe and secure Website
• Transaction images can also be put on a CD or DVD for archiving and research purposes
• Remittances ranging from check only to fully encoded payment coupons can be processed with the automated system, eliminating manual data entry and photocopying of checks, reducing human error
• Deposits will be transmitted in Check 21 format to your bank via an electronic file, ready to go to the Federal Reserve
• Free up employees and their hours to
focus on other projects
