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Wholesale Lockbox - Receivables Management System


The combination of Wholesale Lockbox Services from commercial banks should be combined with an effective document imaging / document management system like OptiDoc™ to maximize the financial impact on normal business processes. This application of technology, developed by ATS, can have an immediate and profound impact on the cash management and remittance processing of virtually any company.

Companies that have implemented such systems report a reduction in aged receivables of thirty (30) days or more. A reduction from an average of ninety days to less than forty-five days is not uncommon. A major manufacturer/distributor reports a savings of $2 million dollars in monthly "float," while a large teaching hospital has reduced the aged receivables to an average of 50 days, with a collection rate of 92%.

  • Accuracy of Data - scanning on the front end (Wholesale Lockbox) and extracting the index (filing) information eliminates opportunities for errors and results in faster, more accurate processing.
  • Time & Cost Savings - Electronic (digital) imaging eliminates much of the possibility of lost or misfiled/misplaced documents. Documents vital to the client companies' core business are securely archived electronically.
  • Efficiency - Client companies can reallocate or reduce staff functions as well as become more responsive in customer service and satisfaction.
  • Improved Working Capital - More timely processing of receivables reduces the need for short term borrowing (and its attendant costs) and improves vital cash flow.
Only by applying the power of an internal document imaging system to the digital images of the scanned checks do the client companies begin to fully realize the enormous benefits of this true information management system.

Receivables Management System

Contact ATS today at (770) 698-0130 to improve your Receivables Management process!
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