Accounts receivable cash management is a cinch with Citizens Union Bank’s Lockbox solution

June 9, 2016

By Citizens Union Bank
Insider Louisville, June 7, 2016

Air Hydro Power knew it needed to streamline and capture efficiencies in its accounts receivables process. So the innovative company partnered with CUB and TransCentra to create a customized accounts receivable solution.

“Air Hydro has a complex ERP/accounting system with many variables,” said Senior Vice President of CUB’s Treasury Services, Kim Dodson. “Air Hydro receives approximately 3,000 check payments per month. Because of the complex nature of their system, every invoice and payment received is different. The lack of uniformity made it difficult to automate the receivables process.”

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