Lockbox360 Virtual Payment Processing Solution
Lockbox360° breaks the payment processing system down into 5 easy steps:
LOAD...Your company uploads the most current A/R information. The system uses this data to perform an intelligent search, matching payments back to your customer’s accounts and invoices.
CAPTURE...Scan the payments including checks, coupons, remittance documents, etc. into the system. Multiple users can scan into Lockbox360° at the same time increasing the speed of production.
VALIDATE...Once the payments have been captured the validation process begins. The majority of all payments will auto-validate either to an account or an invoice. The system easily handles the remaining payments using an intuitive three-step process. Advanced techniques such as prior check use and phonetic matching provides the user with the information they need to quickly match and validate each payment.
POST...Produces automated posting files for your A/R system and an electronic deposit file for your bank.
RESEARCH...All payments are stored in a robust database that with authorization can be accessed at any time, from any location.
- Insight to your customers' payment patterns, saving you time and money.
- Innovative exception handling, improving your cash flow.
- Compatibility with a wide range of check and document scanners, offering you flexibility.
- Web-based, allowing you to view your data from any device with internet capability.
- Multi-level user access, granting you the ability to control what data users have the authorization to view and/or modify.
We are offering no-obligation demos for anyone interested in learning more about this solution. Please fill out the form on left side of this page to schedule your demo.