Lockbox processing for Sage Intacct
Automate high-volume cash receipt processing
Rand Group’s Lockbox Processing app extends Sage Intacct with automated tools for importing and applying customer payments. Import lockbox and cash receipt files from your bank, match payments to customers and invoices, and apply receipts in Sage Intacct with less manual data entry. Reduce processing time, improve accuracy, and give your finance team a more efficient way to manage high-volume cash receipts.
Rand Group Exclusive
Starting from
$3,500
per year
Implementation Cost
$750
Supported Editions
Sage Intacct
Supported Countries
USA
Implementation
Onboarding assistance
User training
Ongoing support
About
Automate lockbox file processing
Import bank lockbox and cash receipt files directly into your ERP without manually entering individual payments. Standardize the flow of payment data from your bank into accounts receivable to reduce repetitive data entry, accelerate processing, and give finance teams more time for higher-value work.
Match and apply customer payments
Use customer, invoice, and payment information from lockbox files to help identify and apply receipts to the appropriate accounts and open invoices. Automated matching reduces the effort required to process high volumes of payments while helping improve consistency and accuracy across cash application.
Improve efficiency and financial control
Create a more consistent process for moving customer payments from the bank into accounts receivable. Reduce manual handling and data-entry errors, process cash receipts faster, and maintain clearer payment records to support reconciliation, reporting, and day-to-day financial operations.
Features
Features
Rand Group’s Lockbox Processing app automates the flow of bank lockbox data into accounts receivable. It helps finance teams import payment files, match payments to customers and invoices, apply cash receipts, and manage higher transaction volumes with less manual data entry.
Lockbox file import
- Import bank lockbox files for cash receipt processing
- Convert bank payment data into transactions for processing
- Reduce manual entry of customer payment information
- Support bank-specific lockbox file requirements
- Create a more consistent process for handling incoming payment files
Customer and invoice matching
- Match incoming payments to customer accounts
- Identify open invoices using information provided in the lockbox file
- Apply payments to the appropriate invoices
- Reduce manual research during cash application
- Improve consistency when processing high volumes of customer payments
Automated cash application
- Create and apply cash receipts from imported lockbox data
- Process multiple customer payments efficiently
- Reduce repetitive accounts receivable tasks
- Minimize manual entry and associated processing errors
- Accelerate the movement of payments from the bank into accounts receivable
Multi-entity and advanced processing
- Process lockbox activity for multi-entity organizations
- Support more complex payment application requirements
- Accommodate different matching and processing scenarios
- Standardize cash receipt processing across entities
- Scale lockbox processing as payment volumes and business requirements grow
Versions
Lockbox processing options
Standard Lockbox
Designed for organizations whose lockbox files include the information needed to identify specific invoices and apply payments accordingly.
- Requires the invoice number
- Matches payments to existing invoices
- Applies a payment when the matching invoice has a balance equal to or greater than the payment amount
- Best suited for payment files that identify the invoices being paid
Advanced Lockbox
Designed for organizations that need payments applied at the customer level rather than matched to a specific invoice supplied in the lockbox file.
- Requires the customer ID
- Identifies the appropriate customer account
- Automatically applies payments to the customer’s oldest open invoices
- Best suited for payment files that do not identify individual invoices for application
Integration requirements
File and integration requirements
Lockbox Processing is designed for implementation-ready CSV files. Most properly formatted CSV files can be used without customization, while other file types or files that require transformation may require additional development or implementation services.
The app uses Sage APIs to process lockbox activity. Higher transaction volumes may result in additional API usage and associated Sage fees.
Pricing
Standard Lockbox
$3,500 per year
A one-time $750 setup fee is required. Pricing assumes implementation-ready CSV files that do not require customization. API usage and file customization may result in additional fees.
Advanced Lockbox
$5,500 per year
A one-time $750 setup fee is required. Pricing assumes implementation-ready CSV files that do not require customization. API usage and file customization may result in additional fees.
On-demand Webinar
Introduction to Sage Intacct receipts import and Lockbox processing
Discover the features of Lockbox for Sage Intacct in this on-demand webinar from Rand Group’s own Sage Intacct consulting team. In the webinar you will learn more about the benefits of this enhanced reporting module exclusively available from Rand Group. Hear why you should integrate this module and how easy the implementation process can be alongside your existing Sage Intacct core financial reporting.
Why purchase an app from Rand Group?
Deep Sage Intacct expertise
Rand Group brings extensive experience implementing, integrating, and optimizing Sage Intacct for growing organizations. Our consultants and developers understand accounts receivable, cash management, integrations, financial reporting, and the processes that connect payment activity to your ERP.
Built around real-world cash application
Our Lockbox Processing app is designed around the day-to-day needs of finance and accounts receivable teams. Automate payment imports, customer and invoice matching, and cash application to reduce repetitive work and create a more consistent process for handling incoming payments.
Integrated with Sage Intacct
Lockbox Processing connects bank lockbox activity with Sage Intacct using APIs, helping organizations move payment data into accounts receivable without relying on manual entry. Standard and Advanced options provide flexibility for different file formats and cash application requirements.
Long-term partnership and support
Rand Group has completed more than 3,000 successful engagements and maintains a 90% client retention rate. Our team can support implementation, configuration, integrations, training, custom development, and ongoing Sage Intacct optimization as your business requirements evolve.