Advantage Bank’s lockbox service helps you minimize the time and expense of processing payments, often cutting hours, or even days, out of your collection process. Lockbox converts your receivables into cash flow faster, and provides your company same day reporting of items deposited into your account.
In addition, utilizing Advantage Bank’s lockbox service can:
- Improve employee productivity – no need to drive to the post office and Bank.
- Decrease the potential of error, theft, or fraud by reducing employee handling of checks.
Contact your Banker today to get more information.