LaSalle Bank Uses Open Scan for Wholesale Lockbox Exceptions
LaSalle Bank Corporation, based in Chicago, will implement Open Scan Technologies’ lockbox module to optimize processing of wholesale exception payments. Open Scan Technologies, a provider of exception automation software, along with business partner, Cash Management Systems, will allow LaSalle Bank’s customers to create a more efficient cash management environment, according to the companies. “Open Scan’s technology allows LaSalle Bank to integrate exception automation within our existing wholesale lockbox processing environment,” said Matt Boatman, senior vice president of receivables management at LaSalle Bank. “The Open Scan lockbox solution helps reduce the manual keystroke time of many of LaSalle’s wholesale jobs, therefore opening the door for enhanced client servicing and product offerings,” said Nadine Lange, president and CEO of Open Scan.