Lockbox Processing
If you are using a lockbox service to improve your cashflow by collecting checks from your customers, Lockbox Processing will help you by processing the electronic file that you receive from your bank. Where included remittance information is complete, cash receipts will be automatically applied to invoices. For those cash receipts where the matching document is questionable, use the payment application workbench to match the cash receipt to the appropriate invoice. In any case, since you don’t have to enter each of the transactions individually, you will save time and money through better efficiency and security.
Great for high-volume cash receipts where you want to outsource the processing of your cash receipts.
Use Lockbox Processing's Payment Application Workbench to facilitate the application of cash receipts to their respective A/R documents.
Many advanced features include splitting checks across multiple AX customers, multi-currency applications, duplicate check number checking, etc.
Features:
- Automatic payment application with conflict resolution (Workbench)
- Discount support
- Duplicate check number checking
- Single check paying multiple AX customers
- Credit note support
- Seamless integration with Microsoft Dynamics AX Accounts Receivable
- Custom import formats - mapping utility
- Fixed field, tab, comma delimited and BAI2 file support
- Split files into multiple LB journals; manage multiple LB operators
- Flexible settlement methods including: oldest first, none, external file import
- Notes entry - carries through into AX payment journal
- Multi-account
- Multi-currency
- File archiving
- Virtual company support
- eBanking Security keys to control access
- Written using the AX MorphX development environment - seamlessly integrates with your AX system.
- Available on Microsoft Dynamics AX 2009, 2012
Availability: Shipping
The eBanking Suite for Dynamics AX is a joint development project with Plumbline Solutions, Inc.
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