Lockbox

Complete Lockbox Processing 

American Chartered can handle all your remittance needs with our Lockbox Processing System. The system is capable of handling both wholesale and retail lockbox payments in a one-pass, common platform environment.

With our Lockbox Processing System, you’ll be able to: 

• Expedite cash collection
• Reduce administrative costs
• Enhance audit controls
• Accelerate A/R postings
• Improve customer service
• Post A/R payments automatically
• Make informed credit decisions
• More accurately forecast cash balances

Along with standard remittance processing, our Lockbox Processing System allows you to access critical account receivable (A/R) information via the Internet on the same day your lockbox is processed. We’re also able to capture A/R posting information, such as invoice number and/or customer number through a process called Deferred Data Entry, and send it to you through e-mail in a file format compatible with your A/R system. (If you’re unable to process an electronic file, we can fax or e-mail you a paylist with remittance information on a daily basis.)

Our system also captures images of checks and coupons to an indexed CD-ROM, helping to minimize research time while freeing up valuable physical storage space.

To enroll or learn more, please contact us today.