| Lockbox Processing
If you are using a lockbox service to improve you 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.
The eBanking Suite's Lockbox Processing streamlines processing through various communication options. Most commonly used are browser, FTP or email.
Use Lockbox Processing's Payment Application Workbench to facilitate the application of cash receipts to their respective A/R documents.
Features:
- Automatic payment application with conflict resolution (Workbench)
- Default application methods by Customer
- Discount and Credit Memo support
- Duplicate check number checking
- Seamless integration with Microsoft Dynamics SL Accounts Receivable
- Import custom formats - mapping utility
- Multi-company / multi-account
- Flexible communications
- File archiving
- eBanking Security to control access
- Available on Microsoft Dynamics SL v5.0, 5.5, 6.0, 6.5 and 7.0
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