Our Retail Lockbox Platform provides you an electronic file that can automatically be posted to your receivables system.
This platform works by having your customers return standard remittance documents with their payments that contain a machine-readable optical character recognition (OCR) scan line.
The OCR scan line contains information pertinent to your receivables posting, such as account number, transaction code, dollar amount due, and check digit.
Improved Receivables Reporting
Post accounts receivable data by accessing your daily lockbox information via our website www.republiclockbox.com.
Available information includes the lockbox deposit total, transaction detail (including data entry detail), and check images.
No software is needed; our program is a browser-based application that is supported by most Internet browsers.
Maintain control; we set up an administrator for your company who can limit who has access to your lockbox information.
We can customize reporting that specifies the customer, invoice number, and dollar amount paid and send this to you electronically.
Reduced Overhead Costs
We offer CD Archive Express which allows you to receive a monthly CD-ROM that will house the month's deposit totals and images.
Save time by utilizing online researching and eliminate the need to retrieve paper check copies.
Digital images of the checks, along with all supporting documentation, can be delivered to your business by either first class mail or courier.
Our economies of scale and trained personnel allow you to redirect resources to other value-added activities.
