Print Friendly   

Receivables Management>Wholesale Lockbox

Sterling’s bank offers Wholesale Lockbox service to help streamline and accelerate the collection of your company’s customer’s remittances, enabling you to manage your accounts receivable more effectively and efficiently. Put a Sterling Wholesale Lockbox solution to work for your business and take advantage of these benefits:

• Improved cash flow
• Decreased potential for theft, fraud and error by reducing the number of employee “touches” on each transaction
• Reduced mail and check-clearing float
• Improved staff productivity
• Faster response to customer inquires