streamline the accounts receivable process
AND HELP MAXIMIZE CASH FLOW
Efficiently process and expedite customer payments for almost any size business with customized lockbox services.
how does lockbox work?
- Participating businesses mail payments to the lockbox which is a bank designated P.O. Box.
- Univest picks up the remittances and makes the deposit into the designated bank account within one business day.
- Daily deposit detail and remittance information reports are available online.
- Univest offers custom options to support your various business needs.
- Minimize collection and processing time
- Provide faster access to deposited funds
- Reduce administrative costs
- Decrease the risk of theft, fraud, and error
- Remote scanning capability
- Image storage available for multiple years
- Receive multiple payments from customers or business partners
- Want to improve account receivable efficiencies
- Want the bank to manage account receivables
- Invoice customers or business partners for payments
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