Let CB&T help you speed payment collections, turn receivables into usable funds more quickly, and eliminate the expense of processing remittances.
With a retail or wholesale lockbox, you can:
- Improve cash flow through automated payment processing that provides more rapid access to deposits.
- Enhance funds availability by quickly converting payments into productive cash and increasing working capital.
- Process transactions more accurately through scanning software that offers double verification of payments and automatically generates deposit slips.
- Save time by eliminating the need for manual procedures such as opening mail, processing payments, and preparing deposits.
- Save money by reducing or eliminating transportation and courier fees.
- Access accurate reports of deposit amounts, funds availability, and payment information — including electronic images of processed payments and coupons.
- Get complete control over defining and modifying reporting parameters, including coupon formats, data file formats, data delivery options, exception processing, and status reporting.