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Who uses Lockbox Processing Services?
Lockbox Processing is used by businesses that receive payments from
numerous customers.
Why is Lockbox Processing Services Used?
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A lockbox is a safe and reliable method of receiving payments and eliminating processing
time.
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Lockbox processing services provide solution to organizations that need to improve
and expedite their payment collection processes and in order to better manage their
finances and internal resources.
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Business’s whose core competency is not check processing, waste lot of internal
resource on check processing.
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Considering an alternative to manual receiving, processing and depositing funds
as well as a safe and traceable method of payment handling.
Why Outsource Lockbox processing to Bokharis?>
At Bokharis, we provide whole array of lockbox processing services for banks and
check processing
for companies with lockbox.
Outsourcing Lockbox Processing to Bokharis is your answer as we collect, process
and remit your payments quickly, reliably and accurately.
How does LockBox processing work?
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Payments Mailed - Customer payments are sent directly to Bokharis’s Lockbox
address. The lockbox address is check several times a day for faster service.
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Payments Processed - Payment envelopes are opened, sorted, cleaned and batched
by customer predefined payment type. Check batches are processed, encoded, endorsed,
imaged, data entry performed and total amount balanced.
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Payments Deposited and Reported - Deposits are posted to customer account
and customized data files are generated.
If I outsource LockBox Processing Services to Bokharis, how do I gain?
A lockbox is useful for organization and businesses for following reason:
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Expedite funds availability.
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Payment is mailed to the company frequently.
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Reduce mail delays and check clearing time.
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Customers are dispersed across a region.
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Internal staff is overloaded.
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Requires customers with the flexibility to mail payment anywhere in the U.S.
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Requires flexible reporting options.
Thus Outsource of Lockbox Processing Services to Bokharis is your answer. We collect,
process and remit your payments quickly, reliably and accurately.
For more information on this contact us
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