Strongroom Solutions Products and Services
Payables Lockbox > Overview

Payables Lockbox is a Business Class Online Bill Pay Solution
What makes this solution 'business-class'?
Most online banking bill-pay solutions do not address all the complex accounts payable needs of a business (Compare). Payables Lockbox is an online bill-pay solution designed specifically with the business customer in mind. Payables Lockbox accommodates the business customer by:
  • Handling paper invoice receipt
  • Allowing for multi business unit unit configuration
  • Allowing flexible invoice approval process configuration and automation
  • Allowing for advanced payment options
  • Offering tight integration with Third Party Systems including invoice line item details
  • Providing a full range of features and benefits
Take a look at the process below to learn how the Payables Lockbox solution addresses these issues:
Step 1: Receive Invoices, Image, Code, and Post Online
  • Paper invoices sent to PO Box
  • Vendors can also email or fax them
  • We scan the paper and put online
  • We also enter basic invoice information: business unit, vendor, invoice #, amount, and dates
Step 2: Provide Flexible Online Invoice Approval
  • New invoices posted to hosted online system for users to view and approve
  • Email notifications are sent to users
  • Customizable workflows can exist per business unit
  • Can limit access rights per user
Step 3: Send Payments Out Daily by Check or ACH
  • After approvals, invoice set to pay
  • We send payments by paper check or through electronic ACH
  • Invoice and payment transactions get posted to customer accounting application through interface

Strongroom Solutions Payables Lockbox

Learn the benefits of Payables Lockbox...

Review the features of Payables Lockbox...

Save up to 75% or more on your AP processing costs..

Reduce your time to process invoices by half or more...

Learn how Payables Lockbox can integrate with your business.

Payables Lockox is a Microsoft AJAX enabled website and a SaaS solution. Learn more...

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