What Finance Teams Should Know About Remittance Lockbox Processing
A check can clear the bank before anyone on the finance team knows which invoice it was meant to close. The money shows up, but the explanation doesn’t always follow. According to a 2025 survey from the Financial Education & Research Foundation (FERF), 60% of AR teams named delayed or missing remittance details as their […]
How Lockbox Visibility Helps Finance Teams Track Incoming Payments
Finance teams do not only need payments to arrive. They need to know what arrived, when it arrived, what it relates to, what still needs review, and what has been included in a deposit or report. That can be difficult when incoming checks and payment documents move through a manual office workflow. Mail may sit […]