Sold by: Itemize
Deployed on AWS
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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Delivery method
Deployed on AWS
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AWS Marketplace now accepts line of credit payments through the PNC Vendor Finance program. This program is available to select AWS customers in the US, excluding NV, NC, ND, TN, & VT.
Pricing
Pricing is based on the duration and terms of your contract with the vendor. This entitles you to a specified quantity of use for the contract duration. If you choose not to renew or replace your contract before it ends, access to these entitlements will expire.
Additional AWS infrastructure costs may apply. Use the AWS Pricing Calculator to estimate your infrastructure costs.
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 |
Dimensions summary
This contract has two separate charges. The Platform Fee covers activating, enhancing, and maintaining the Itemize platform. You arrange this through a private offer by contacting the vendor directly. The Processing Fee is an ongoing charge tied to the volume of items you process. As your document volume grows, your processing costs scale with it. The platform side stays tied to your setup and upkeep, while the processing side reflects usage. You commit to both under one agreement.
Top-of-mind questions for buyers
An item is a document the platform processes, such as an invoice, statement, check stub, remittance coupon, purchase order, or Explanation of Benefits. Each document processed counts toward your processing volume. The platform handles high daily volumes, so the count reflects total documents run through the system.
The Platform Fee ties to activating and maintaining the platform, so it reflects your setup rather than volume. The Processing Fee scales with the number of items you run. As document volume increases, the Processing Fee grows while the Platform side stays tied to upkeep. Both charges appear under one agreement.
Yes. The Processing Fee is tied to item volume, so more documents mean higher processing charges. The platform scales through automated processing rather than added staff, so it handles seasonal or month-end surges. Your processing cost reflects the actual documents run during those busier periods.
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Contact our support team at support@itemizecorp.com for refund information.
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Delivery details
Software as a Service (SaaS)
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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.com
AWS infrastructure support
AWS Support is a one-on-one, fast-response support channel that is staffed 24x7x365 with experienced and technical support engineers. The service helps customers of all sizes and technical abilities to successfully utilize the products and features provided by Amazon Web Services.
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