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LockBox Remittance

BestBill's LockBox Remittance service is designed to accelerate the receipt and deposit of check payments sent through the mail. This cash flow improvement solution collects customer payments at a centralized P.O. Box instead of a business address, eliminating the hassles and postal delays associated with mail delivery and in-house processing.

LockBox cuts down your check payment processing time by three or more days-depending on how long it currently takes your office staff to process and deposit check payments in-house.

This well-tested cash management service significantly speeds up check payment processing. Since the payment processing is done by BestBill, your check payments are quickly received, directly deposited into your bank account, and posted on

How LockBox Works:

 

Processing Locations:

  • Albuquerque, New Mexico
  • Baltimore and Frederick, Maryland
  • Dallas, Texas
  • Oklahoma City, Oklahoma
  • Phoenix, Arizona
  • Southern California (coming soon)

 

Lockbox Remittance - BestBill®

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Benefits:

  • Increase Profitability. Improve Company Cash Flow.
  • Reduce Check Processing Time. Cut Check Payment Processing Time by 3 or More Days.
  • Lower Days Sales Outstanding. Speed Up Check and Online Deposits Help.
  • Instant Reporting. Access Multiple Reporting, Exception Processing, Credit Research.
  • Lower Operating Expenses. Reduce Payment Risk.
  • Improve Business Operations. Maximize Internal Efficiency and Concentrate on Profitable Activities.
  • Centralized Payment Portal. Check and Online Payments Are Directed to One, Centralized Location.
  • Direct Deposit. Payments Are Deposited Directly Into Your Business Banking Accounts
  • Real-Time Updates. Online Reports And Real-Time Check Posting are Available on a Daily Basis