Simplify and accelerate account receivable processing with wholesale or retail lockbox.
CUB’s Lockbox Service is designed to help you effectively manage your receivables. Whether you receive a few payments per month or a few thousand Lockbox can streamline your accounts receivable process.
All receivables are mailed to a local Post Office Box and securely processed locally by expert staff. You will receive access to your daily deposits through an image archive and reporting system. Customizable solutions are available to capture key data elements related to your payments that can be transmitted and uploaded directly to your accounts receivable system.
Improve receivables processing and cash flow with Lockbox.
- Streamline accounts receivable processing
- Reduce administrative expenses related to processing payments
- Reduce mail float and increase cash flow
- Re-allocate staff to other areas of business
Get Started Today!
Contact the Treasury Services team to learn more.