Dominic Broom, EMEA Head of Business Development for BNY Mellon Treasury Services, discusses a new "manufacturer-distributor" model to address transaction banking needs.
To accelerate cash flow and increase your investment opportunities, we can help you collect payments quickly and efficiently.
It sounds simple; however, issues such as exception items, delayed access to payment information and the need to manage a mix of paper and electronic payments often increase the complexity of your collections process.
Our wholesale, wholetail and retail lockbox solutions offer you the advanced technologies, superior quality and remittance processing expertise you need to help streamline your accounts receivable. Four nationwide lockbox sites (Chicago, Dallas, Los Angeles, and Pittsburgh), provide you with a nationwide infrastructure to
- Speed your access to critical information from your paper receivables
- Streamline your accounts receivable file update process
- Improve customer service
From reducing mail float to eliminating exceptions, to accessing payment information faster and more reliably, to handling payments received outside of your lockbox, we have the expertise, products, services and technologies to help you reach your collections goals.
Invested in You
Let us leverage our extensive collections experience and full-service portfolio to design a customized collections plan to meet your specific business needs.