Receivable Processing
Economy Automated Lockbox
Do you receive more than 5,000 accounts receivable check payments per month?
Do you want to avoid the high cost of setting up an automated lockbox?
If you answered yes to the questions above, Economy Automated Lockbox may
be the perfect solution for your business. And here's the major benefit: Economy
Automated Lockbox requires no custom set-up and expense to enable you to take
advantage of our highly automated, immensely efficient lockbox department.
Our Benefits Save You Money
Traditionally, an automated lockbox set up requires a bank to customize its
processing procedures to conform to the scan line and remittance information
found on the biller's remittance stub. Generally, these costs can reach tens
of thousands of dollars and consequently be prohibitive to smaller volume
customers.
With Economy Automated Lockbox, no set up fees are incurred as long as you,
the biller, format your remittance slip to include a standard, bank-developed
scan line and utilize standard paper documents specified by our lockbox department.
Additional benefits of Automated Economy Lockbox include:
- Images of check and remittance slips via CD (delivered weekly)
- Daily batch summary and detail reports; pocket cut detail for deposit
- Deposits emailed daily
- Reduced mail and check processing float
- Fast time to market
- Reduced labor costs
Bring Our High Speed Processing to Your Money Management
First National Bank is committed to providing you with the latest in payment
technologies. Call one of our experienced Treasury Services Account Executives
to find out how Economy Automated Lockbox can work for you! Call us toll-free
at 800.228.4411. Ask for First Financial Services, Treasury Services Sales.
|
 |
|
