How is the AAFS lockbox different?
AAFS has a sophisticated lockbox system that utilizes a number of innovative technologies to efficiently process as many payments as possible. • Validation File – AAFS accepts a validation file that includes information on payees to more accurately and efficiently process files. • Returned Data File – AAFS provides via FTP a data file that can be uploaded into any community management accounting software that accepts a data file. • Learning – The AAFS lockbox system is capable of learning about payments that are processed to more quickly and accurately process future payments. The AAFS lockbox team currently processes nearly 25,000 payments a month at our state-of-the-art facility, and we continue to increase the number of payments processed.
