Accounts Receivable Management

Lockbox Service

Use DBS Lockbox Service to outsource your mail-in cheque and credit card payments. Let us solve the tedious paper sorting and data-entry process, and you can optimise your resources on running your core business activities. DBS LockBox Service will enhance your process, accelerating accessibility to funds and payment information.

With a team of specialists dedicated to servicing your account, you can expect efficient processing and accurate reporting of your incoming remittances.

The outsourcing of the handling and processing of paper-based payments results in optimised cost savings. You can save on in-house processing time, streamline your in-house procedures, reduce operating costs and free up your staff for other needs.

Seamless integration to back office account receivables Systems via IDEAL simplifies account reconciliation, ensuring timely collection of your receivables. It is easy to interface DBS Lockbox reporting with your accounting systems and procedures.

Timely Collection and Processing of payments maximises cash flow and allows you to lower your working capital for increased liquidity.

Same-day reporting via DBS electronic banking channel, IDEAL improves information flow to keep you updated and ahead at all times. An electronic file return will simplify and enhance your reconciliation process with complete details for your easy reference.

For more information, please contact our Sales Professionals at
1800-222 2200 or email at contactgts@dbs.com