Sold by: ItemizeÂ
Itemize Wholesale Lockbox Automation uses line-item AI to capture, classify, and reconcile remittance data with unmatched accuracy. Banks and processors accelerate cash posting, reduce exceptions, and deliver faster, more intelligent receivables automation for their commercial clients.
Overview
Itemize Wholesale Lockbox Automation modernizes traditional remittance processing by transforming checks, remittances, invoices, and stubs into clean, structured line item data with exceptional accuracy. Built on the Itemize Treasury Management AI Platform, the solution automatically classifies documents, extracts more than 100 fields of transaction data, validates values and identifiers, and enhances image quality for superior downstream processing. Operations teams eliminate manual sorting, keying, and reconciliation work while gaining consistent, audit ready data that feeds seamlessly into receivables, cash posting, and treasury systems.
Banks and financial processors benefit from faster turnaround times, lower operational costs, and dramatically improved quality controls. With classification accuracy above 99% and field level extraction at 98 to 99%, Itemize reduces exceptions to less than 1% and processes documents in seconds improving cash application speed and reducing back office labor. The platform enhances compliance by normalizing account numbers and payor identifiers, assigning risk scores, and supporting PCI DSS requirements. Organizations typically achieve 30 to 50% cost savings compared to manual processes, while going live in under 90 days with minimal integration effort.
Trusted by leading regional banks, financial processors, fintechs, and BPOs, Itemize delivers the scale and intelligence required for modern transaction banking. Whether processing envelopes, checks, remittances, EOBs, statements, or correspondence, Itemize unlocks line item intelligence that accelerates cash flow and strengthens client service. With its future ready architecture, the platform extends easily across adjacent Treasury Management use cases, empowering institutions to increase throughput, modernize legacy workflows, and stay competitive in a real-time financial ecosystem.
Reach out to Steve Markle (smarkle@itemizecorp.com ) for a private offer.
Highlights
- Processes over 100,000 daily transactions, eliminating more than 5 million manual keystrokes every day. Itemize delivers measurable productivity gains, higher STP rates, and dramatically reduced operational workload at enterprise scale.
- Achieve >99% document classification and 98 to 99% field level extraction accuracy with AI that processes checks, remittances, and invoices in seconds. Reduce non conforming exceptions to <1% and dramatically accelerate cash posting and lockbox turnaround times.
- Automate classification, data capture across 100+ fields, image enhancement, validation, and risk scoring. Eliminate manual sorting and keying while producing clean, normalized, audit ready receivables data for downstream systems.
Details
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Deployed on AWS
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Dimension | Description | Cost/24 months |
|---|---|---|
Platform Fee | Activating, enhancing, and maintaining the Itemize platform. Reach out to Steve Markle (smarkle@itemizecorp.com) for a private offer. | $1.00 |
Processing Fee | Ongoing processing fee for items. | $0.01 |
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Contact our support team at support@itemizecorp.com for refund information.
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Support
Vendor support
Itemize offers Enterprise-class Solution Delivery, Level-1 Customer Support, and Level-2 Tech Support for customers. Itemize support - support@itemizecorp.comÂ
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