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Companies Use Lockbox to Improve Cash Flow
Cash flow issues and working capital needs have placed a drain on a company’s balance sheet and income.
Funds often arrive too slowly, yet vendors, employees and supply chain partners need to be paid. With
more to do and less time to do it, many Long Island and New York City organizations have turned to AR
Gateway for help. By providing state-of-the-art technology to process incoming checks faster and more
efficiently than the company can themselves, AR Gateway has helped their clients improve cash
flow management and put controls into the receivables process. This service, Lockbox On-Demand™, has
grown AR Gateway’s client base by over 200% in the past year.
Migrating to a lockbox service provider may seem like a daunting task, however, with AR Gateway’s team
of specialists, the implementation time can be a matter of days and require very little time from the
company. The transition is also virtually transparent to the company’s customer-base. Before you know
it, rather than sifting through piles of mail, reconciling checks and having to make up deposit
tickets in a rush just to wait at the bank in order to make daily deposits, AR Gateway customers are
stroking a few clicks on their computer while reading images of checks and remittance documents on a
secure website. Deposits are made for them without having to leave the office and an email appears on
their screen with complete check and remittance details.
Lockbox On-Demand™ is one of several financial services that AR Gateway brings to its
customer-base. Stay tuned for next month’s feature article in AR Gateway Solutions Monthly
Update for information on how you can automate your invoice
generation on one of AR Gateway’s new platform delivery tools.
| “The buck stops with the guy who signs the checks.”
— Rupert Murdoch
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| LOCKBOX —— A T W O R K —— |
If checks are sent to you via the mail, lockbox is a service you
should consider. You can save time, money and provide added control
while speeding up your accounts receivable process...
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