Blogs tagged Lockbox processing

This blog post discusses customer tolerances:  when a customer short pays an invoice, what happens to the difference and how can it be controlled. Key concepts: Line item tolerances Tolerances for payment advices   Overview When a customer... Read More »

In this blog post, I would like to explain to you why the reprocessing rules in the area of bank statement processing and lockbox processing have been renamed to “processing rules”. Note: Any screenshots in this blog post are taken from an SAP... Read More »

Lock Box implementation for unique customer use case Objective: This Article explains the implementation and use case of Lockbox functionality Business need for implementing Lockbox for incoming check payments   Elimination of manual scanning and... Read More »

The purpose of this blog post is to give you a high-level overview of the steps involved in lockbox processing in SAP S/4 HANA. Let’s first understand the business process In this blog post, we will see the whole process using the BAI2 format.... Read More »

Lockbox is the most popular way to handle the receipt and processing of incoming payments in the United States. This service is offered by all major banks. A company can create n number of such accounts at its bank (or banks), which will work as its... Read More »

Introduction: Lockbox is a service provided by banks to process faster payments and reconcile the open account receivable invoices of the company/organization it is associated with. Lockbox is a postbox created by the bank at strategic geographies... Read More »