Lockbox services are a banking solution where a financial institution receives and processes payments on behalf of a business. Companies direct their customers to send payments to a unique post office box designated by the bank. The bank collects these payments, processes them swiftly, and deposits funds directly into the company’s account, enhancing cash flow management and reducing processing times for receivables.
Reimagine Your Order-To-Cash with AI
Touchless Receivables. Frictionless Payments.
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