Lockbox Operations (General) Workflow Template

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Overview: Lockbox Operations (General) Workflow Template

This workflow template illustrates the setup and sales of lockbox products for banking customers and the subsequent processing and reporting of lockbox payments. Purchase and download this template in PDF, Visio (VSD), PowerPoint (PPT) formats. You can customize it to fit your own organization, or simply use it to better understand the Lockbox Operations (General) process.

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Process Details and FAQ: Lockbox Operations (General)

What is included in Lockbox Operations (General)?

The Lockbox Operations (General) process involves the setup and sales of lockbox products for banking customers and the subsequent processing and reporting of lockbox payments. This process includes lockbox product sales, payment setup, lockbox payment reconciliation and balancing, and the generation of transaction receipts for lockbox customers. All payment documents should be scanned and archived when received. Lockbox services essentially allow companies to receive payments from customers through a special post office box handled by a bank.


Which KPIs, or metrics, are typically used to measure this process?

The following metrics may be used to measure the Lockbox Operations (General) process:



Which employees and/or departments are involved in this process?

The following parties are typically involved in the Lockbox Operations (General) process:


  • Cash Management Analyst
  • Commercial Banker
  • Customer
  • Treasury Analyst

What is the purpose of these workflow templates?

Broken business processes pervade companies, large and small. Manual workarounds, downtime, errors and other waste is thought of as "the cost of doing business." Use our workflow templates as a starting point to document your own processes. Customize them to fit your business and add "call outs" for improvement opportunities.


How are these workflow templates created?

These workflow templates are the product of over 20 years of hands-on management consulting experience, as well as research performed by the OpsDog team. All of our workflows are mapped using the BPMN 2.0 specification.


How do I download a workflow template?

Simply click the "add to cart" button and follow the process to purchase and download this workflow template. You can use any major credit card, or a PayPal account, to pay. After you have completed the purchase, you will receive a link to immediately download the workflow template in PDF, Visio (VSD) and PowerPoint (PPT) formats. If you aren't a registered OpsDog user yet, create a free account! New users get $20 off of their first purchase.


Questions?Call: 844-650-2888Email: info@opsdog.com
  • Workflow Template

    $15

    Lockbox Operations (General)

    - Instantly download files
    - Includes PDF, VSD, PPT file formats
    - Customize PPT and Visio versions
    - Mapped in BPMN 2.0 format

    Questions?

    Call: 844-650-2888

    Email: info@opsdog.com

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