Retail and Wholesale Lockbox

 

AQURIT ^® can help financial organizations generate new business accounts or generate additional fee income by implementing a lockbox services department to process other organization’s payments.  AQURIT ^® is one of the only software remittance products that can effectively process both wholesale and retail lockbox payments using the same package.

 

Benefits AQURIT ^® provides the bank include:

·         Reduced labor cost in processing customer’s transactions – an automated, image-based system eliminates most of the labor-intensive task of creating a customer’s deposit.

·         Improved customer service in handling payment inquiries - a desired check/invoice image can be located immediately via database lookup.

·         No need to make paper copies of checks or invoices to file and store – multiple years of images and data are available on-line for immediate access.

·         Increased accuracy in capturing lockbox data – CAR/LAR technology allows every check to be double verified.

 

Benefits AQURIT ^® provides to the bank’s customers include:

·         Remittance data delivered daily in format specified by the customer.

·         Images and data of remittance transactions can be delivered to the customer via CD or email on a daily, weekly, or monthly basis.

·         Improves customer’s receivables and cash flow - available cash is increased by receiving same-day credit to company's depository account and by reducing mail and payment processing float.

·         Reduces customer’s clerical labor costs and workload through the elimination of in-house payment processing and deposit preparation while providing an outside audit control.

·         Customized processing - reporting and remittance procedures are adaptable to your customer’s specific needs.

 

To learn how Aquracy’s Retail and Wholesale lockbox software can benefit your organization please view the following video using either Windows Media Player or RealOne Player :

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To find out more about AQURIT ^® and how it can save you money and time please call us at 205-290-8131 or fill out our on-line survey and a sales representative will get back to you immediately.