From The Provident Bank of NJ
At Provident Bank of NJ, we're committed to providing you with a Lockbox Service that improves the efficiency and profitability of your company by automating your collection and posting of receivables with real-time, online service with full image captures and retrieval capabilities.
For companies that are wholesale in nature we produce an image of the front of the check and attach it to all original invoices to be forwarded to you at the end of each day. For high volume consumer payments with documents that can be scanned, we offer a highly automated lock box where payment data is scanned onto a file for transmission to you daily.
Your company benefits from:
- Administrative savings associated with in-house processing
- Improved availability of funds and processing float
- Integration of accounts receivable data into your unique accounting system
- Same day access to images and related A/R documents
- Exception processing eliminates delays in posting payments
- Processing options customized to meet any company's individual needs
For more information on Provident's Lock Box service or other services to help you manage your cash, contact your Cash Management Services Officer today at 732.726.5441.