Hudson Valley Bank Helps Property Managers Process Payments Faster and More Efficiently
New service automates payment processing for property managers allowing them to improve cash flow and overall efficiency
Lockbox TS is a state-of-the-art system for property managers to address current payment challenges. "With our new Lockbox TS offering, property managers are able to leverage automated data capture capabilities to revitalize traditional check and paper based cash management services," said
The lockbox TS service combines traditional old-fashioned lockbox methodologies with revolutionary imaging technology on an easy to use web-based platform. By using this comprehensive approach to lockbox processing, data entry operators no longer manually key data, reducing error rates and operational costs.
At Hudson Valley Bank Lockbox Operations, checks and associated correspondence items are collected, scanned and images and daily worksheets are created. Once created,
"As a top real estate lender with a large property manager client base,
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