Expedite High-Volume Cash Applications with Net at Work’s ACH Lockbox Add-on for Sage X3

Managing high volumes of customer payments can be time-consuming, but it doesn’t have to be. Net at Work’s new ACH Lockbox add-on for Sage X3 provides greater flexibility and efficiency, helping businesses streamline cash application, improve reconciliation, and reduce manual effort.

While Sage X3’s native AR Lockbox provides essential lockbox functionality, our add-on offers additional features tailored for businesses handling high transaction volumes or complex payment scenarios.

What is an AR Lockbox?

An Accounts Receivable (AR) lockbox is a cash management service that automates and accelerates payment collection. Instead of sending payments directly to a business, customers mail checks or submit electronic payments to a designated lockbox. A bank of your choosing then processes these payments, deposits the funds, and provides an electronic file that you can import into Sage X3 to reconcile transactions.

How an AR Lockbox Works

1. Customer Sends Payment
   1. Customers send payments to a dedicated lockbox address.
2. Bank Collects & Processes Payments
   1. The bank retrieves and processes payments multiple times a day.
   2. Checks and remittance documents are scanned for record-keeping.
3. Payment Processing:
   1. The bank deposits the funds into the business’s account.
   2. Remittance data (such as invoice numbers and customer details) is recorded and made available to the business via the banking portal.
4. Data Transmission:
   1. The bank provides electronic data files to the business, updating accounts receivable records.
   2. Businesses import these files into Sage X3 for reconciliation via the native lockbox functionality or Net at Work’s lockbox module.

Why Choose Net at Work’s Lockbox Add-On?

For businesses handling high transaction volumes or complex payment scenarios, Net at Work’s AR Lockbox enhancement provides additional capabilities that optimize cash application and reconciliation.

Feature	Net at Work’s AR Lockbox	Native AR Lockbox
Fully Pay Invoice (1:1)	Yes	Yes
Pay Many Invoices with One Payment (1: Many)	Yes	No
Allows On-Account Payments	Yes	No
Allows Underpayments	Yes	No
FTP Setup Possible	Yes	Yes
Inbound and Archive Directories	Yes	Yes
Implementation Services	~60 hours (includes planning and PM time)	~60 hours (includes planning and PM time)
Annual License Subscription	$4,475 per year	No additional cost

Maximizing Efficiency with Enhanced Functionality

Our AR Lockbox add-on integrates seamlessly with Sage X3 and enables businesses to handle more complex payment scenarios, such as:

• Apply a single payment across multiple invoices – reducing manual reconciliation.
• Process on-account payments – ensuring unmatched payments are properly recorded.
• Handle underpayments or overpayments – improving cash flow accuracy.

Get Started Today

If your business processes a high volume of payments or needs a more flexible and automated lockbox solution, Net at Work’s enhanced module for Sage X3 can help.

Contact us today to learn more about how it can streamline your accounts receivable processes.