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Question: What is lockbox?

Answer: lockbox is a services provided by bank to corporate customers to transfers there payables in receviables, so that they can update their balances.<br><br>here all the cheque or payments are collect by bank and send a dat file to there corporate so that they can directly transfer that file through interface in their modules (ap,ar)<br>

lockbox is a services provided by bank to corporate customers to transfers there payables in receviables, so that they can update their balances.<br><br>here all the cheque or payments are collect by bank and send a dat file to there corporate so that they can directly transfer that file through interface in their modules (ap,ar)<br> Source: CoolInterview.com

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