To stay competitive or to just stay in business, we’ve all had to learn to do more with less. AR Best Practices is about making your existing staff more efficient. It’s about eliminating the need to add a new person as business picks back up. It’s about using the right technology to automate manual processes and freeing up time for your employees to focus on high level AR activities like dispute resolution and asset management.

Are a lot of your AR task manual paper-driven processes?
High performance AR management is a strategic cornerstone that can deliver greater profitability. Manual functions should be automated. For example, lockbox services were once only available and cost effective for the largest of companies. Today, lockbox services are included in the suite of AR Best Practices tools available to small and mid-sized business. Lockbox services are superior to both manual check deposits and remote capture scanners and gives your business a competitive advantage, saving time and speeding cash flow.

Lockbox Services:

  • Increase productivity with lower operational expenses, freeing more time to focus on high level activities.
  • Speed mail delivery and rapid deposit funding to your bank.
  • Reduce the risk and cost of potential fraud.
  • Optimize cash flow for increased capital availability with faster payment cycles on invoices.
  • Reduce unproductive accounting time spent manually matching and applying payments and generating reconciliation reports.

Better than Remote Capture (back office check conversion)
Think about it… No check imager to buy or install, to learn or operate, to warranty or maintain. No software to license or version to upgrade. No mail to open, no checks to scan. No manual payment matching. No delay when the person who is assigned this task is out sick or on vacation. No risk of check data compromise.

Lockbox is just one of the many benefits of our AR Best Practices platform that enables small and mid sized businesses to increase productivity and better manage and control their AR risk without adding headcount.