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Lockbox Services
Market, Supplier, Risk and
Competitive Intelligence

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Manage Lockbox Services Category with Ai powered
Procurement Productivity Suite

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Abi will answer all Lockbox Services related
procurement queries with relevant data points

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Get up-to-date market and supplier info on Lockbox Services to help you build

Intelligence covers market and price outlook, SWOT analysis, demand & supply drivers, engagement models and Procurement best practices

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Intelligence on category covers the following aspects market outlook, supply market, SWOT analysis, Cost components & Price outlook, Demand and supply drivers, Engagement Models and Procurement Best Practices

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Assess Supplier Risk based on key risk and compliance parameters

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Supplier assessment covers the following parameters Financial Risk, Ethical, Labor, Environmental Compliance, IT Security.

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Measure category performance on 15 key parameters across cost, risk and strategy KPIs

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Source Macro Data and Market Indices information from leading data sources across these key areas - Labor Rates, Currency, Energy, Country Risk, Trade Flow/Transportation, Port Data, Tariff, Weather and Epidemics

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Abi will answer all Lockbox Services related
procurement queries with relevant data points

Abi - AI powered digital procurement assistant

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Get up-to-date market and supplier info on Lockbox Services to help you build

Intelligence covers market and price outlook, SWOT analysis, demand & supply drivers, engagement models and Procurement best practices

1

Intelligence on category covers the following aspects market outlook, supply market, SWOT analysis, Cost components & Price outlook, Demand and supply drivers, Engagement Models and Procurement Best Practices

manage-risk

Assess Supplier Risk based on key risk and compliance parameters

1

Supplier assessment covers the following parameters Financial Risk, Ethical, Labor, Environmental Compliance, IT Security.

2

Supplier assessment is powered by world’s leading data partners including D&B, CreditSafe, Dow Jones, Refinitiv, Orpheus

discover-supplier

Identify right fit suppliers based on your selection criteria including revenue, capabilities, certification, geography

1

Select suppliers based on industry, country, classification from a database of 4.2 mn suppliers. Get detailed supplier profiles with supplier capabilities, revenue, certifications, risk ratings

assess-category-perforamnce

Benchmark your category performance against peers and the market

1

Measure category performance on 15 key parameters across cost, risk and strategy KPIs

source-market-indices

Get information on key factors affecting your supply

1

Source Macro Data and Market Indices information from leading data sources across these key areas - Labor Rates, Currency, Energy, Country Risk, Trade Flow/Transportation, Port Data, Tariff, Weather and Epidemics

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Report Coverage

  1. Market Analysis
  2. Lockbox Services: Drivers and Constraints
  3. Key Market Trends
  4. Cost Structure Analysis

Production Size

Global Production Size/ Capacity

$63 Billion

CAGR

1.5 %

Table of Contents

  1. Executive Summary
  2. Executive Summary
  3. Impact of COVID-19 on Lockbox Services
  1. Market Analysis
  2. Lockbox Services Market Overview
  3. Lockbox Services: Adoption Trends in the market
  4. Lockbox Services: Drivers and Constraints
  5. Porter’s Five Forces Analysis: Lockbox Services Industry
  1. Market Trends
  2. Key Market Trends
  3. Technological Development/Innovation Practices
  1. Cost Structure Analysis
  2. Average Fee schedule/Structure for Lockbox Services
  3. Major Cost Drivers for Lockbox Services
  1. Industry Best Practices
  2. Lockbox Service Deployment Model
  3. Contract Model and
  4. Pricing Model
  5. Enterprises and Organizations Conducive of Using Lockbox Services
  6. Lockbox Services - Key Performance Indicators
  7. Some of the Key KPI Components Followed to Measure Lockbox Services

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Lockbox Services Global Market Outlook:

North America Bank Lockbox Service Volume/Items Forecast (In Billion $) (2020 Estimate) - $63 billion

  • North America has the most mature lockbox service until today. The services started early here and has consistently matured in terms of expansion and technological improvements
  • Advance in technology in most European and APAC countries have made them jump from cash/cheque payments to EFTs and Card modes of payment
  • Some developing countries are still using traditional cheque pickups/drop and clear method. This is widely due to lack of service capability by service providers and unawareness among the users

Porter's Analysis on Lockbox Services

Supplier Power

  • The supplier here would be the banks/non-bank institutions, providing the lockbox service
  • Determining the lockbox fees (monthly, maintenance, per transaction) remains in the hands of the supplier
  • The decision to waiver/provide a discount on fees remains with the supplier
  • With businesses switching to faster and cheaper modes of payment, the bargaining power of the lockbox service providers is low

Barriers to New Entrants

  • The barriers for new entrants is high in the market, as it is unlikely for a new entrant to succeed against the current major players who have a large customer base in the market
  • Heads-up cost for setting up lockbox services around a country or continent is higher when compared to setting up other modes of payments. So, new entrants have a lot to think about investing in a system that has a very minimal annual growth rate and is becoming widely unpopular

Intensity of Rivalry

  • Intensity of rivalry is medium in North American regions, as they are the only region with mature lockbox service providers

  • Only a small number of banks and non- banking institutes offer lockbox services in Europe, APAC, and LAMEA countries. So, the intensity of rivalry ranges from medium to low in these regions

  • SMEs and other industries with smaller inward transfers, take advantage of Card, EFTs and mobile payment systems, over cheque payments

Threat of Substitutes

  • The threat of substitutes is expected to be high in the market in the near future, as the world is moving towards a cashless economy model
  • There are a number of alternate payment modes, such as mobile wallets, fund transfer through bank websites and with echecks and eLockbox models, ready to replace traditional lockbox services

Buyer Power

  • Buyers look for best deals on the services and subscribe for the company, which gives the best deals (smaller fees and better service capability)
  • The bargaining power is high, as the buyer can easily switch to other suppliers or faster electronic transfers, if they feel the cost of lockboxes is high
  • Buyers can ask for detailed remittance statement on cheques received and processed from the supplier, at any time and the supplier must oblige

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COVID-19: Assess impact on your suppliers and ensure business continuity with Beroe’s WIRE
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