How can I improve our organizations account receivable process?
While Traditional Lockbox models can help handle complex business to business check payments, an increase of incoming electronic payments creates more work too manually match payments before a payment can be posted to your account receivable software.
Orange Bank & Trust Companies Integrated Receivables solution is a powerful payments hub to consolidate all incoming receivables including electronic and paper-based transactions. In addition to providing much-needed centralization of data, our Integrated Receivables solution also allows for the onboarding of additional payment channels as the need arises.
More about Integrated Receivables
- Integrated Receivables brings all your payment channels together into one system – streamlining the accounts receivable process.
- Scan check payments, process ACH debits (e-checks), credit cards and receive web/mobile payment.
- You can avoid the need for manual accounting data entry, as payments are matched automatically with your customer’s invoices.
- The easy-to-use system allows your customers to make one-time payments, setup recurring payments and view their invoices.
- Scalable – process everything from small to thousands of transaction per day.
- One clear efficient customizable dashboard for all your reporting, insights and customer communication.