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Lockbox Processing using BISAX



bisax infogrpahic

COMPANY CHALLENGES

Companies face the challenge of interpreting the import file issued by the bank or manually applying the cash receipts against customer invoices.

LOCKBOX CASH APPLICATION MADE SIMPLE

  • Increase efficiency with BISAX automation
  • Lockbox files batched on a recurring schedule
  • Payments automatically reconciled against the correct vendor and invoice
  • Automatic cash receipt batch posting
  • Warnings logged for incorrect data or amounts out of tolerance
View the BISAX Demo

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