Wholesale Lockbox
Streamline Your Receivables Activity, Accelerate Cash Flow and Improve Efficiency
With RBC’s Wholesale Lockbox, you will receive comprehensive, customized payment information, and online access to digital images of your cheques, documents and reports that will help you maximize your cash flow with fast credit payments to your account.
You can reduce your administrative time, reduce your mail float and increase productivity with an automated account reconciliation process.
RBC Global Services has lockboxes in six Canadian cities and four U.S. cities. We will collect your receivables from the lockbox each day, process them, and credit the payments to your account on the same day - providing the required information to update your receivables system.
If you:
- Have customers that are spread over a wide geographic area
- Generate a large volume of accounts receivable
- Need a more efficient method of collecting receivables and accelerating cash flow
Then Wholesale Lockbox may be right for your business.
For more information about how Wholesale Lockbox or any of our cash management solutions can benefit your business, contact us.
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