Eliminating 85% lockbox remittance costs

Eliminating 85% lockbox remittance costs by automating cash posting

About the Video:

While banks offer various value-added services to companies, there are many high-impact pain points of the treasury teams behind their love-hate relationship with banks:

  • High bank lockbox fees ($1 – $3 per check) resulting in direct leakage from the bottom line
  • Incomplete lockbox data leading to inefficient, manual payment processing
  • No support for reconciliation of ACH and other electronic payments


Elaine M. Nowak, Director, Product Management and Marketing, HighRadius