Lockbox Processing

Robust lockbox solutions to enable retail, wholesale and whole-tail processing on a single platform.

creditron-lockboxOur flagship lockbox solution combines advanced imaging, data recognition and workflow technologies with user-defined business rules and processes to drive down operational costs, increase revenues, enhance customer service and give lockbox providers a competitive edge.

The Creditron Enterprise Cloud Processing (ECP) solution includes several features out of the box which provide for complex, advanced processing and management of activity. The unique, interactive real-time dashboard provides a live snapshot of all receivables being processed as well as allowing for workflow changes on-the-fly. The solution includes a client-facing portal as part of the core feature set allowing processing centers to offer a rich, state-of-the art customer experience.

Specifically designed to process a wide range of remittance documents, our solution includes capabilities for: CAR/LAR; OCR; payee verification; scan-line repair; check and stub amount entry; value added keying; balancing; mark sense detection; host application integration; MICR lookups; advanced HOA processing options; user-defined automated deposit cut-offs; image-based data entry; comprehensive reporting and auditing; image archive; page scanning and delivery via fax, email and Internet.

What’s more, with our user-configurable setup program, providers can quickly and easily add customers to the system or setup: workflows (one-pass, two-pass or hybrid), lockboxes, data entry requirements, cut-off times, reports, group notifications, and DDA accounts for billing.

Creditron also enables processors to clear payments electronically via Check 21 or ACH—accelerating the collection process, speeding processing turnaround and slashing float and risk.

creditron-lockbox2Whether the application is retail, wholesale or whole-tail lockbox processing, our solution can support most payment applications for lockbox providers of any size. The scalable, feature-rich design of our solution is proven to help lockbox providers grow their volumes.

Key Benefits

  • Open, component-based architecture
  • Real-time interactive dashboard
  • Highly scalable and reliable
  • Flexible workflow and business processes
  • Advanced data recognition for processing/Validation
  • Client-facing customer portal
  • Support for multiple scanners/Transports
  • Robust image archive and delivery
  • Reduced cost and time for re-association

Related Information

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