Automated Lockbox Processing

Now your payment collections can move at a higher speed.

Introducing Automated Lockbox Processing from West Suburban Bank.

It’s a revolution in payment processing that will make your accounts receivable operation more economical and efficient, and allows you to make quicker, more informed financial decisions on a day-to-day basis. Better yet, the information provided is accessible anywhere you have access to the internet.

Here are some of the outstanding capabilities offered by our state-of-the-art Lockbox Processing System:

• Handles wholesale, retail or charitable lockbox payments
• Provides Internet access to important accounts receivable information on the same day your lockbox is processed.
• Captured A/R posting information such as invoice number and/or customer number through OCR data capture or our Data Entry process
• Captures and provides images of checks, check stubs, invoices, payment statements and envelopes for your use.

The benefits of this system will help your business prosper immediately, and into the future. You’ll be able to:

• Expedite cash collection
• Reduce administrative costs
• Enhance audit controls
• Accelerate A/R posting
• Improve customer service
• Post A/R payments automatically
• Make more informed credit decisions
• Forecast cash balances more accurately

To learn more about our Lockbox Services please call or

	West Suburban Bank, Member FDIC, Equal Housing Lender.
	Serving DuPage, Kane, Kendall and Will Counties, Illinois.