Many policyholders prefer to pay their premiums with a physical check, but processing payments this way wastes valuable time and resources. Integrated Lockbox for Applied Pay® eliminates the hassle of managing paper checks by routing them to centralized processing centers nationwide, where they’re sorted, digitized, and deposited into your agency’s bank account. After that, details of each deposit are sent to Applied Pay, and the transaction is created in Applied Epic®. This streamlines the whole paper check process and gets rid of the manual tasks of transacting and applying credits to debits in Applied Epic, so you can focus more on what matters most: growing your business and boosting profits.
Key Capabilities
Read below to learn more about the unique features of our Integrated Lockbox solution.
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Fast, Secure Bank Data Transfers
Once received, checks are processed quickly, typically within one to two business days. Data is then securely transferred from the bank to Applied Pay.
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Automatic Transactions in Applied Epic
Data is transferred to Applied Epic, where a transaction is created, credits to debits are applied, an activity is generated, and a copy of the check is attached.
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Flexible Branch and Merchant Management
Assign Lockbox accounts to various structure combinations in Applied Epic, ensuring that checks are matched to the correct accounts in the Applied Pay Portal.
Get a Sneak Peek at How It Works
Go Beyond Standard Lockbox Services – Automate Check Processing with Applied Pay Today!
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