LOCKBOX

Businesses utilize lockbox services to facilitate the collection of customer payments. Lockbox services benefit business in the following ways: improved cash forecasting, lower payment processing costs and accelerated receivables collection allowing for increased cash flow. We offer image lockbox services, enabling customers the ability to view online digital images of payments processed off-site on a same-day basis.

Outsourcing both imaging/indexing function and some additional analysis requirements to Checknet, Inc. enables more payments to automatically update the system, improving businesses efficiency by 50 percent, in many cases.

Checknet, Inc.'s image lockbox service supports Web-browser technology that gives its user secure, encrypted access to information and images over the Internet. The service accelerates the delivery of information and funds to clients, allows electronic rather than manual document searches, and reduces the time needed to resolve customer inquiries and exceptions. Clients are able to manage credit lines, research exceptions and apply cash much more quickly than with traditional lockbox programs.

By adding enhanced imaging technology, Checknet, Inc. takes lockbox services to the next level, helping companies realize faster and more accurate receivables management. Image lockbox capabilities can dramatically reduce the time it takes to process lockbox receipts and access remittance information, allowing corporations to apply cash faster, update credit lines and offer better customer service through online research capabilities.

Image lockbox services not only reduce mail and processing float, but it also gives our clients new tools to transform the way they do business or service customers.

Checknet, Inc. suggests that lockbox imaging and personal service facilitate the banking process for a company committed to providing exceptional service to its customers. Businesses needed a solution that would not only tailor a cash management program to fit our needs and provide excellent customer service, but also do both at a competitive price. Working with Checknet, Inc. offers opportunities to improve efficiency and manage an increased volume of business.