Leverage Invoice Digitization for scalable AR & AP Reconciliation
Streamline invoice conversion to EDI 810/820 or Invoice-220, match and reconcile remittance workflows with real-time tracking, AI-driven accuracy, and enterprise-grade security.
Streamline invoice conversion to EDI 810/820 or Invoice-220, match and reconcile remittance workflows with real-time tracking, AI-driven accuracy, and enterprise-grade security.
Invoice conversion transforms physical and electronic invoice-related documents into standardized electronic formats (such as EDI 810/820 or ISO20022 Invoice-220), enabling automated reconciliation and faster receivables processing. Exela’s commercial lockbox solution combines remittance handling, invoice digitization, and document matching into one seamless workflow—enhancing cash flow, reducing administrative overhead, and supporting invoice processing, factoring, and AR finance operations.
Services include:
Implementing Standardized Processes, Automation, Security Protocols, and Resource Optimization
Exela offers a comprehensive suite of lockbox services designed to streamline payment processing and enhance operational efficiency for businesses across various industries.
Support for checks, ACH, credit cards, and ERAs enables faster reconciliation and better cash visibility. This unified approach simplifies your financial operations and reduces processing delays.
OCR and intelligent imaging extract key invoice details with high accuracy, reducing manual effort. Our system accelerates invoice-to-payment conversion while ensuring data reliability.
We enforce end-to-end encryption, detailed audit trails, and compliance with HIPAA, GLBA, and other frameworks. You can trust Exela with secure, compliant invoice and payment processing.
Our platform is flexible—healthcare clients can integrate denial management, while others can align workflows with industry-specific requirements. Customization improves efficiency and fits into your existing systems.
Our web-based portals provide visibility into transactions, reports, and audit logs. You gain actionable insights for monitoring, forecasting, and compliance reporting.
Exela’s infrastructure includes failover systems, backup protocols, and recovery strategies.This guarantees uninterrupted lockbox services even during unexpected disruptions.
A Structured, Automated Workflow for Secure and Accurate Invoice Processing
Group checks and documents by type. Choose capture mode: check-only, document-only, or combined.
Use remote capture devices through Receivables Online to scan and classify remittances.
Enter totals, check for mismatches, and ensure accuracy before submission.
Extract and assign invoice IDs and payment codes for precise matching and smooth reconciliation.
Send data for immediate deposit, save for later, or store securely for QA.
Leverage built-in dashboards to track processing status, operator logs, and audit trails.
We prioritize security and regulatory compliance to protect sensitive data.
Your questions answered—from document formats to exception handling and go-live timelines.
We support EDI 810, EDI 820, Invoice-220, PDFs, image files, and proprietary data structures. Our system extracts and standardizes data for reconciliation and reporting.
Yes, our system is designed to handle both paper-based and electronic invoices, remittances, and related documents from multiple input sources.
We use three-way matching to reconcile invoices with BAI2 deposit files and remittance advice documents. Any discrepancies are flagged and routed for manual review.
Yes. Our dashboard provides real-time visibility into invoice processing, payment posting, and exception queues.
All data is protected with end-to-end encryption. Our systems are SOC 2 and HIPAA compliant, with strict access control and full audit trails.
Most organizations can be onboard in a few weeks. We provide guided implementation and training to ensure a smooth transition.
Absolutely. Our lockbox infrastructure is built to handle millions of transactions monthly, including seasonal or cyclical volume spikes.
Yes, our system provides online decision support for exception queues, and our team offers ongoing support to ensure minimal disruption.
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