With Hudson Valley Bank’s Lockbox TS or “Total Solution” your business can save time and money by improving cash flow, reducing errors, simplifying reporting and streamlining record keeping. Our cash management consultants will work with your existing system and staff to provide your business a completely customized payment processing solution.
- Fully customizable to fit your specific needs
Ability to capture data from scannable documents
- Consultation on creating new documents or the ability to read your existing scannable documents using advanced MICR and OCR technology
- Ability to process invoices or other non-scannable documents
- Electronic transmission of transaction information that can be uploaded into your accounts receivable system
- Flexible transaction reporting designed for the way you use information
- Accelerated online exception processing
- Localized PO Box to reduce mail time
- Improved cash flow with multiple pickups from the post office each day
- Enhanced research capability with the convenience of viewing images of checks, documents and transaction reports from your desk
- Reduced in-house clerical expenses and manual errors with automated capture of payment documents
Digital copies of all documents via CD ROM or DVD are available online for one year
- Fast access
- Space saving record retention by eliminating paper copies and reports
- Improved disaster recovery
LockBox TS lets you:
- Automate payment postings
- Eliminate bank deposit preparation
- Avoid making daily trips to the post office and the bank
- Reduce potential for theft, fraud, and error
We’ll be happy to discuss your current processing and the enhancements and savings you can realize with Hudson Valley Bank’s Lockbox TS.
For more information about HVB's Lockbox TS, contact the branch nearest you or call Nick Mucilli, SVP at (914) 771-3108.
If you prefer, you may also contact us online through our contact form.