In addition to the benefits provided through centralization, automation, reporting, and security, Payables Lockbox customers
have also noted benefits in these areas:
- Funds Management – Customers can predict expenditures and manage
their payments accordingly.
- Inefficiencies Realized and Corrected - A standard workflow helps
identify and correct current inefficiencies.
- Vendor Satisfaction - Vendors are critical to business success.
Pay on time and keep them happy.
- Makes AP Department Scalable - There is less need to bring on or
let go of accounting staff as AP volume changes.