With lockbox service from YNB, your business can cut days out of your collections process by automating your receivables posting.
Improve deposit availability
Our lockbox services deliver comprehensive, flexible remittance processing that can substantially streamline your accounts receivable function. In addition, our lockbox services can help you to:
- Reduce outstanding payments.
- Improve staff productivity by outsourcing payment collection and deposit preparation.
- Decrease the potential for theft, fraud and error by reducing the number of employee “touches” on each deposit.
- Speed-up remittances – and improve overall cash flow