Paystand Smart Lockbox:

Process, deposit, and reconcile check payments automatically.

The days of manually tracking down and reconciling check payments are over.

With Smart Lockbox, you’ll speed up your time to cash, and reconciling payments will be done automatically. All of this with full visibility and control in a feature packed dashboard.

Smart Lockbox is Paystand’s automated lockbox service that reconciles payments and integrates with your ERP.

Checks are scanned and payment information is updated in the dashboard instantly.

You’ll even get insights into potential savings and easy solutions for transitioning vendors to pay digitally.

HOW IT WORKS

1. CUSTOMER SENDS CHECK TO SMART LOCKBOX

2. CHECK SCANNED AND MATCHED TO INVOICE

3. PAYSTAND DASHBOARD RECEIVES ALL TRANSACTION DETAILS

4. RECONCILIATION STATUS UPDATED IN ERP

Check Management

View all check activity in the Paystand Dashboard and watch as Smart Lockbox automatically matches invoices to payments.

Payer Management

Easily invite vendors to pay digitally. Insights show where you can save the most by switching to digital payments with Paystand.

Cash Application

When there’s one check for multiple invoices, Smart Lockbox assigns the correct amount to the correct invoices.

Bank Reconciliation

Automatic reconciliation saves you valuable labor hours tracking down expenses.

Unmatched & Overpayment

Smart Lockbox compiles unmatched invoices and overpayments - giving you a short list to manage.

Automation

Each step of the process is automated in order to reduce labor hours and speed up your time to cash.