Get better control over your lockbox operations with nventr through an automation solution that streamlines the entire process of data capture, validation, and reconciliation, helping to speed up cash application and make it more accurate.
expected market size of lockbox automation by 2025
reduction in manual processing times with automation
accuracy in cash application achieved through automation
Nventr's platform automates the entire lockbox processing workflow, from capturing payment details to reconciling them with open invoices, so the cash can be applied faster and more accurately.
Automate the extraction of payment data from lockbox remittance files.
Extract and classify all the key information about the number of invoices received, the amount received, and customers' details.
Cross-check extracted data against outstanding invoices to ensure accuracy and reduce payment discrepancies.
Automatically reconcile payments with corresponding invoices, reducing manual intervention and speeding up cash application.
Seamlessly connect with your accounting or ERP systems for real-time updates and reporting.
