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Taking The Puzzle Out Of Numbers

Bankers start to use lockbox databases to help treasuries evaluate their A/R performance

By Richard Gamble | Updated on May 01, 2005

The conventional wisdom has been that Check 21 would bring a certain degree of excitement to the otherwise tedious lockbox marketplace. Admittedly, that’s not a particularly high hurdle to clear. But even before many Check 21 products have made it out of beta testing, enterprising bankers seem ready to stir things up on their own–and with data that has been sitting around just waiting to be made useful.

The data, of course, is from the lockbox itself–since besides being the repository of check-based remittances for client companies, it is also a collection point for vital information on trends in their accounts receivables. What bankers are proposing to do is leverage their databases and provide management reports with advice on how to collect sooner, manage customers better and ultimately improve cash flow.

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