By the time that a customer writes a check, it goes through the mail, gets opened at your office and taken to the bank, you may have lost weeks of time. KeyBank lockbox solutions receive payments directly so your funds are deposited as soon as possible.
When the Check Isn’t in the Mail
Collecting and processing customer payments electronically saves time for your customers, and makes collection easier for you. Other benefits include:
- Access to up-to-date receivables information
- Fast conversion of receipts into working cash
- Improved collection speed and posting
- Reduced average days of sales outstanding
- Improved working capital
- Post payments efficiently
Simplify Your Receivable Process
We’ll work with you to customize a lockbox solution so handling receivables is streamlined for your business, and your customers.
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All credit, loan and merchant services are subject to credit approval and terms of service.
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