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Symcor provides reliable, timely and cost-effective Retail Lockbox processing of consumer-to-business payments. Our Retail Lockbox services, delivered in conjunction with Wholesale Lockbox, leverage our state-of-the-art technology and infrastructure to deliver the most efficient and cost-effective outsourcing option. We collect mailed payments from the post office, transport them to a nearby processing site, open and sort according to client specific business rules, and perform an image-based capture of information necessary for processing and posting. Receivables and payment data is then transmitted to customers electronically for image check clearing and for delivery to clients to upload to their accounts receivable systems, giving your clients timely information and quick access to available cash.
We also offer Accounts Receivable Conversion, Image Check Clearing, long-term archive options, Web, and CD-ROM delivery. Leveraging our state-of-the-art technology and infrastructure for both Retail and Wholesale Lockbox services, we have the flexibility to consolidate information and provide customized processing and output.
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