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Lockbox
Lockbox services are offered by banks to corporate clients that simplifies collection and processing of
account receivables by having payments mailed directly to a location accessible by the bank. The
bank collects and processes these payments directly depositing them to the company's account. It
may also involve reconciliation of invoices raised against the payments received
Features:
- Support for Invoices, Credit Notes and Debit Notes
- Multiple Reconciliation Parameters
- Flexible Matching
- Single Instrument to Multiple Invoices
- Single Invoice to Multiple Instruments
- Multiple Instruments to Multiple Invoices
- Auto Reconciliation or Manual Reconciliation
- Forced Reconciliation
- DSO and DPO tracking
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[Since 1986]
