When it comes to remittance, you need a process that will be secure, accurate and timely. Look no further than F&M’s digital lockbox solution.
Features F&M offers image wholesale lockbox. Checks, as well as accompanying documents, are imaged. You view your items the same day and securely via the Internet. We can also provide remittance information on a CD-ROM.
Through F&M’s automated lockbox system, we can provide data entry functions to expedite the posting process. You provide us with the information needed to update your receivables system and we enter that data and transmit it directly to you.
For our clients already using an internal image workflow system, we can transmit a file with the images we processed to import into your system.
Benefits
- Expedited funds availability. Mail is picked up multiple times throughout the morning from the USPS processing center.
- In addition to gaining greater accuracy and reliability, you also reduce the risk of loss, theft or forgery with the control of having F&M manage your deposits.
- Customized searches via our secure website or CD-ROM.
- View documents online 24 hours a day.
- Browser-based application, no additional equipment needed.
- An F&M lockbox frees valuable time and resources for auto posting, allowing you to better utilize your staff.
- Lockbox processing automates and streamlines corporate finance, accounting, posting of cash to accounts receivable and customer service operations.
For more information, call (918) 748-4185.
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