Citi® Lockbox Services
If your company seeks to reduce payment float by improving receivables management, Citibank® Lockbox Services can process all your receivables quickly and accurately.
Citigroup offers this flexible solution to meet your paper-based collection needs. Our high-speed processing environment and image-based platform offer you a variety of many features, including advanced reporting and image inquiry.
Our services benefit you by:
- Accelerating collection processes
- Reducing your days of sales outstanding
- Maximizing the availability of working capital
- Improving management of credit exposure
- Reducing expenses and saving critical resources
Quality processing is the cornerstone of Citibank Lockbox Services. You can expedite collection of paper remittances and associated data from U.S. payers through five processing centers in strategic mail-time and clearing locations across the country.