Why Lockbox Services Reduce Payment Processing Errors
Manual accounts receivable work tends to fail in the same places: the moment checks and remittance get separated, the moment someone must rekey a reference number, and the moment a payment does not match cleanly to an invoice. Those small slips turn into real operational drag, including misapplied cash, delayed posting, and reconciliation that takes […]
How Lockbox Services Cut A/R Processing Time in Half
The pace of B2B payments keeps shifting, yet one thing hasn’t changed: Checks still slow down accounts receivable (A/R) teams far more than expected. Mail float, manual sorting, and basic data entry add days to the cash cycle. Rising check-fraud attempts make the process even riskier. Lockbox services centralize incoming payments, digitize check data, and […]
How Lockbox Services Reduce Days Sales Outstanding (DSO)
Lockbox services sit at an interesting crossroads in finance. DSO keeps rising across many organizations, and check payments, though shrinking, still account for about 26% of B2B transactions. That mix creates delays that companies can feel in their cash flow. Slow mailrooms, inconsistent deposit routines, and scattered remittance data all drag the payment cycle. Modern […]