Wholesale Lockbox Cheque Collections

Why is this service right for you?

Provides comprehensive cheque receivable details
Gives you online access to coloured cheque and invoice images for cheques and invoices collected in the past 6 months
Comprehensive reports at country and regional levels, including collection details, returned cheques and post-dated cheques
Reports are available in text and CSV formats and can be delivered via HSBCnet or HSBCconnect
You can access reports and make cheque status and transaction enquiries any time
Up-to-date information for better credit control, inventory management, cash flow forecasting and customer service
Efficient A/R reconciliation allows you to make better use of customer credit facilities
Intelligent payment allocation – FIFO, LIFO, Highest, Lowest, Best Fit and Manual
Well suited to the following cheque collection patterns:
- High value / low volume
- Single payment for multiple invoices
- Non-standard invoice/payment advice formats
- When more payment reference details are required
Easy integration with your ERP systems for A/R reconciliation
Online records mean less filing and searching through paperwork

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