Outsourcing and lockbox services have been around for years, what could possibly be new in this arena? Clients have been mailing their bills to banks or 3rd party processors for decades, isn’t it the same old story?
In these hard economical times, it is time to take another look at lockbox services. We provide the ability for banks to be in the lockbox business without being in the lockbox business, and clients to outsource their accounts receivables in an effort to save them time and money!
Today’s lockbox now does full color invoice and envelope design, massive bill printing and mailing, electronic billing and recording, multiple streams of payments processing including call center telephone payments, reoccurring and internet payments. Additional services such as product fulfilling, imaging and data mining and of course image technology for paper truncation. Processing no longer requires a physical black and white OCR scanable paper invoice.
Today’s lockbox now does full color invoice and envelope design, massive bill printing and mailing, electronic billing and recording, multiple streams of payments processing including call center telephone payments, reoccurring and internet payments. Additional services such as product fulfilling, imaging and data mining and of course image technology for paper truncation. Processing no longer requires a physical black and white OCR scanable paper invoice.
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