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Greater Operational Efficiency and Accuracy
eLockbox Pro addresses the typical delays and labor-intensive, high-frustration factor associated with posting bill pay checks generated by online banking services.
PROBLEM 1: Delayed payments increase the risks of late payments and cut-offs
With the advent of online banking, many of your customers pay their bills through online banking services. In turn, paper checks are printed by the bill pay service and mailed to you, sometimes taking over a week to get to your office. Delays like that lead to late payments and even service cut-offs.
PROBLEM 2 : Labor-intense and highly frustrating
Through they are convenient for your customers, bill pay checks can be a real hassle for your employees – just ask them. You will find your employees spend hours trying to post the checks to the correct accounts.
SOLUTIONS : Drastically reduce delays with a service your employees will love
The solution is eLockbox Pro. This service will consolidate and convert bill pay checks from various banks into an electronic file for posting that is available to you typically within 24 hours. Payments are received much faster, funds are in your bank account much faster, and your employees’ posting time is reduced from hours to minutes.
Features and Benefits