Business banking customers have different needs from individual consumers. Most online banking bill-pay services do not address the complex needs of business banking customers: paper invoice receipt is not handled, a multi-user invoice approval process is not accommodated, and the payment options are limited. Take a look below at some of the similarities and differences between the two.

The Differences between OBP and Payables Lockbox	Online Bill Pay	Payables Lockbox
Supports electronic invoice submission(EBPP)	X	X
Paper invoices are received, extracted, and imaged		X
Invoice coding information is extracted		X
Supports multiple users with configurable access rights		X
Supports configurable online invoice approval process		X
Supports company business unit configuration		X
Check payments sent for the business	X	X
Vendors can choose to get paid by ACH	X	X
Payments can be scheduled for future date	X	X
Invoices may be grouped into single payments		X
Payments include detailed remittance information		X
Supports payment from multiple bank accounts	X	X
Payment transactions can be loaded into business accounting system	X	X
Invoice transactions can be loaded into business accounting system		X
Integrates with major accounting software packages (QB/Peachtree)	X	X
Integrates with any software with an interface or import/export capability		X
Ability to view and search for payments sent	X	X
Ability to view and search for invoices paid or in approval process		X
Ability to send email notifications	X	X
Provides invoice image storage and backup		X