Even in the digital age, many customers still send checks, money orders and other paper-based payments.
At Commerce, we understand the faster your customers’ payments are processed, the faster your business gets paid. That’s why our lockbox services are designed to provide a simple cost-effective solution.
With Commerce’s lockbox services, incoming payments are collected at a secure post office box and transported directly to Commerce for processing, thereby eliminating the need for employees to handle and deposit incoming checks. We'll report the details of your deposits according to your preference through either Commerce Connections®, our online cash management system, or a custom data file for automated posting to your system.
Our lockbox service allows your business to benefit from:
- Faster processing of payments
- Quick access to funds
- Reduced clerical work
- Mitigation, potential risk of theft, fraud, or error
It’s time to say goodbye to costly, time-consuming payment processing.
Contact us1 to learn more about how our lockbox services can help bring greater speed, efficiency, and organization to your receivables.
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