How Do Lockbox Services Work? From Mail Received to Reports Available

Lockbox services workflow showing mail received, opened and scanned, details captured, exceptions reviewed, deposits coordinated, and reports available.

Lockbox services sound simple from the outside. A customer mails a check, a provider receives it, and the payment gets processed. But for finance, accounts receivable, rebate, legal, healthcare, property, claims, and operations teams, the real value is in what happens between those steps. Who received the mail? Was the check scanned? Was the payment […]

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