Lockbox Services – Updated Services Coming Soon!
Improve Your Cash Flow
Salin Bank’s Lockbox Services are a reliable and cost-effective way for your business to collect and process receivables and access funds faster. With our high-speed extraction equipment for opening mail and image-based capturing and reconciling technology, you’ll improve your cash flow while also saving time and money.
How It Works
Salin Bank’s Lockbox Services eliminate hours - or days - out of your collections process by automating your receivables posting, accepting your remittances, capturing the check and invoice images, and transmitting the information directly to you. Correspondence, remittance documents and deposit information also are scanned and provided to you daily via our Lockbox Online portal. Salin Bank also can customize reports and prepare a transmission file of your payment detail, so that you can directly update your records.
Accelerates collection and posting of receivables so funds are available more quickly.
Reduces deposit preparation.
Streamlines processes that may lead to reduced expenses.
Improves staff productivity by automating manual processes.
Decreases potential for theft, fraud and error by reducing the number of employee “touches” on each transaction.
Speeds remittances and improves overall cash flow.
To learn how Lockbox Services can benefit your business, contact a member of our Treasury Management team today at 800.320.7536.