Automation of Checks Received from Customers through Lockbox

Author(s)	Satya Venkata Naga Ganesh Nanduri
Country	United States
Abstract	Accepting any mode of payment such as Physical Checks, ACH, Wire, Credit Cards etc. from customers is a huge gain for any organization dealing with customers coming from various technological or business backgrounds whereas processing these payments and having the flexibility to utilize these funds immediately can be challenging due to various reasons such as lack of tools and technologies, regulations or privacy protocols requiring secured means of data exchange between customers, banking institutions and organization’s ERP Systems. Processing Physical checks received from Customers through Lockbox is one of the widely used mode of payments in North America. SAP has a robust functionality to receive lockbox information in an electronic form, automate the processing of recording the payments and providing insights into Cash Position. This article talks about the use of lockbox process and how its integrated between Customers, banks and Organization’s ERP Systems.
Keywords	Physical Checks sent by Customers, Lockbox Formats (BAI & BAI2), Cash and Bank Reconciliation Process
Field	Engineering
Published In	Volume 6, Issue 4, April 2025
Published On	2025-04-29
Cite This	Automation of Checks Received from Customers through Lockbox - Satya Venkata Naga Ganesh Nanduri - IJLRP Volume 6, Issue 4, April 2025. DOI 10.70528/IJLRP.v6.i4.1538
DOI	https://doi.org/10.70528/IJLRP.v6.i4.1538
Short DOI	https://doi.org/g9g7wr

About IJLRP Fees & Payment Current Issue Publication Archive	Submit Research Paper Track Submission Status Publication Guidelines Publication Ethics Peer Review & Plagiarism	Join as a Reviewer Editors & Reviewers Reviewer Referral Program Get Reviewer Membership Certi.	Website/Journal Policies Usage Policy Content Policies Privacy Policy

Contact Us		+91-9687-828-838	editor@ijlrp.com

International Journal of Leading Research Publication