Electronic Remittance and Lockbox Services: How Banks Could Create a 4-Way Win


Duration: 30 minutes

Complimentary Registration

Key Takeaway

More than 60% of remittances are sent electronically in B2B space, yet banks capture only 5% of this significant market by not offering e-remittance processing services. Learn how challenges around offering e-remittance services could be addressed with a cost-effective and easy-to-deploy technology solution.

What We'll Cover in This Webinar

  1. Leverage existing resources to enhance receivables services with e-remittance processing

  2. Achieve 90%+ capture rate with robotic process technology in e-remittance processing

  3. Eliminate redundant, low-value tasks such as manual keying, scanning of remittance information using automation

  4. Offer faster receivable services with existing IT infrastructure and minimal capital requirement


In an Aite group survey, 77% of banks cite complexity in capturing non-standard remittance formats from email, email attachments and web portals as the top roadblock to electronic remittance processing services. It is not surprise then that 90% of banks fear that overcoming this barrier would require significant investments to develop an advanced in-house technology solution.

The problem of e-remittance cannot be ignored. The increasing adoption of e-payments continues to exacerbate the complexity with higher e-remittance volumes, and also puts lockbox services and profitability under pressure.

Join us as we explore the technology options that could simplify e-remittance data capture and consolidation with minimal IT and capital requirement, and enhance lockbox service revenue from e-payments.


Jim_McsheaJim McShea, VP, Banking Solutions, HighRadius

Jim is an industry expert and has extensive experience within all segments of banking and payments. He has spent more than 20+years in the banking industry delivering expert, strategic insight and advice on technology for banking payments and receivables solutions.


Formal_Jay-Tchakarov-thumb.jpgJay Tchakarov, VP, Product Management, HighRadius

Jay is responsible for defining A/R and banking products. He and his team work closely with prospects and customers to ensure the products address critical pain points.Jay has 15+ years of experience in software development, product management, and numerous successful product launches.

Corporates Benefitting from Same-Day Payment Reconciliation

  • Adidas
  • Americangreetings
  • Asicsamerica
  • Avnet
  • Callawaygolf
  • Churchdwight
  • Citgo
  • Conagrafoods
  • Dannon
  • Doosan
  • Drpeppersnapplegroup
  • Gp
  • Hallmark
  • Hersheys
  • Hormel
  • Intel
  • Johnsonville
  • Kimberly-clark
  • Loreal
  • Mckesson
  • Medtronic
  • Newellrubbermaid
  • Starbucks
  • Toro
  • Tyson
  • Underarmour
  • Warnerbros
  • Yaskawa