What CMS does

Cash Management Solutions, Inc. (CMS / CMS-IR) is a privately held U.S. payment-processing software company founded in 1990 and headquartered in Largo, Florida, with additional operations in North Brunswick, New Jersey, and a training facility in Clearwater. The company builds image-based lockbox and remittance processing platforms sold primarily to banks, credit unions, and financial institutions in the United States and Canada, with vertical-specific extensions into healthcare, property management, utilities, non-profit, government, and integrated receivables. Its product portfolio centers on Lockbox Pro (flagship wholesale/retail/wholetail image-based system), CMS1View (cloud-native, AI-anchored payment consolidation platform launched in 2023), WebPro (real-time customer web delivery), and Online BillPay, delivered as either installed on-premise software, SOC-2 Type 2 certified SaaS, or white-label outsourcing through the Image Remit subsidiary.

Name

CMS

Legal name

Cash Management Solutions, Inc.

Website

https://lockboxpayments.com

Company type

Private

Founded year

1990

Operating status

Operating

Headcount range

101–250 employees

Short description

CMS (Cash Management Solutions) is a Florida-based payment software vendor that builds image-based lockbox, electronic remittance, and SaaS payment processing platforms for U.S. and Canadian banks, credit unions, and vertical end-markets including healthcare, non-profits, and property management.

Ownership category

akta.pro rank

Product category

Payment Processing Software

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518)

SIC

Services-Prepackaged Software (7372), Services-Computer Programming, Data Processing, Etc. (7370)

akta.pro primary industry

Lockbox, Check Scanning & Paper Bill Processing (FSAMAJAK)

akta.pro secondary industry

Payment Processing for Collections (Lockbox, ACH, Card, IVR) (FSAKAJAJ)

Keywords

• Lockbox payment processing
• Remittance processing software
• Wholesale retail lockbox
• Bank payment solutions
• Accounts receivable automation

Headquarters

HQ city

Clearwater

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Infrastructure, Marketing or Sales

Revenue model

1. Software Licensing (Installed Solutions): Traditional on-premise software licensing model where CMS flagship lockbox applications are installed at customer sites. Includes software upgrades, maintenance, and support services. Customers process payments using their own infrastructure with CMS software.
2. SaaS/Hosted Services: Cloud-based access to CMS-IR's SOC-2 certified data centers through thin-client connections. Provides cutting-edge Lockbox services without large capital expenditures. Clients access leading Lockbox processing features with always-on latest software version and 24/7/365 continuous backups.
3. Outsourcing/Managed Services: CMS-IR Lockbox outsourcing services suitable for banks and third-party service providers seeking to offer sophisticated, private-label lockbox products without staffing issues and management resources. Strategic mail collection points through partnerships.
4. Professional Services: Implementation, installation, training, workflow consulting, systems migration, custom development, and upgrade services. Full spectrum training options onsite or at Clearwater training facility.
5. Transaction Processing: Processing fees based on transaction volume. CMS software helps customers process anywhere from 1,000 items to over four million payments a month.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels6 records

Core offering

CMS (Cash Management Solutions) develops and sells cloud-based and on-premise lockbox payment processing software used by banks, credit unions, and financial institutions. Its CMS1View platform consolidates EDI, ACH, online, electronic bill payment, external files, and mail-in lockbox check payments into a single interface, while flagship Lockbox Pro combines wholesale, retail, and wholetail lockbox processing. The company also delivers its software via hosted/SaaS, installed, and Image Remit white-label outsourcing models.

Product overview

CMS (Cash Management Solutions) offers a comprehensive payment processing platform centered on lockbox services for financial institutions and businesses. The core product portfolio includes CMS1View (cloud-based payment consolidation platform), Lockbox Pro (flagship image-based lockbox combining wholesale/retail/wholetail processing), WebPro (web-based customer portal), Online BillPay (electronic payment module), and a SaaS delivery model for hosted lockbox services. Solutions span installed on-premise deployments, hosted outsourcing services, and local footprint distributed configurations. The company serves healthcare, property management, utilities, non-profit, and government sectors with specialized vertical solutions.

Differentiator

Problem solved

Functional benefit

Brands

• CMS1View: Cloud-based, feature-rich payment product providing next generation access to the entire client relationship in a concise, coherent interface
• Lockbox Pro
• WebPro
• Image Remit
• Lockbox-Plus
• CMS-Plus

Products and services

• CMS1View A vertical-independent, cloud-based payment product providing next-generation access to the entire client relationship in a single interface. Consolidates EDI, ACH, online, electronic bill payment, external files, and mail-in lockbox check payments into one platform for Healthcare, Integrated Receivables, Property Management, Education, Utilities, Non-Profit, and Government markets.
• Lockbox Pro CMS's flagship image-based lockbox system that combines Wholesale, Retail, and Wholetail Lockbox payment processing into a single application. Features menu-driven parameters, ICR recognition, exception processing, and supports electronic deposits, remote capture, and data transmission.
• Software as a Service (SaaS) A hosted, cost-effective solution for banks seeking lockbox services. Clients access SOC-2 certified data centers via thin-client connections to process payments. Enables 'capture anywhere, key anywhere' functionality with optional onshore keying assistance. Provides up to 10 years of online image and data access.
• WebPro CMS-IR's lockbox web delivery system providing corporate clients with real-time, intra-day access to images, transactions, alerts, notifications, transmissions, exceptions, and reports. Features Online Decisioning for exception items and customizable transaction search with up to 10-year data retention.
• Online BillPay CMS1View's online billpay functionality enabling clients to enroll and remit payments directly, or allowing staff to receive payment information over the phone and enter it directly into the system.
• Professional Services Implementation, installation, training, workflow consulting, systems migration, custom development, disaster recovery, and upgrade services offered to CMS customers. Full spectrum training options provided onsite or at the Clearwater training facility.

Quantifiable outcome

• Customers process 1,000 to 4+ million payments per month with CMS software
• +3 more outcomes

Named customers5 records

Segments7 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

AI capability4 records

Feature7 records

Partnerships

Four partnerships are on record, tiered core and strategic.

• MicrosoftcoreTechnology or IntegrationAs a member of the Microsoft Partners Network, CMS-IR uses the latest Microsoft technology to create trailblazing software solutions. The partnership enables access to enterprise-grade cloud infrastructure and development tools.
• OPEX CorporationcoreTechnology or IntegrationOPEX provides industry-leading scanners designed to improve throughput while significantly reducing or eliminating labor-intensive document preparation. CMS-IR implemented the first OPEX Gemini high-volume document scanner with Right-Speed scanning technology in Florida.
• CereSoftstrategicTechnology or IntegrationCereSoft is CMS-IR's healthcare partner that integrates seamlessly with CMS1View. The CereSoft platform provides complete revenue cycle transformation for healthcare organizations, reducing hours required for manual posting, denial processing, and balancing.
• Image Remit, Inc.coreOEM/ Whitelabel/ Licensing PartnerImage Remit is a wholly owned subsidiary of Cash Management Solutions, Inc. operating utilizing the powerful platform solutions of CMS. Provides strategic mail collection points and lockbox processing operations through partnerships with established cash collection companies.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Bottomline Technologies: Provides lockbox, integrated receivables, and B2B payment automation software to banks and corporates. Direct overlap with CMS-IR's wholesale/retail lockbox and AR automation offerings, including web-based remittance delivery comparable to CMS WebPro.
• DataLog Finance (lockbox and remittance software): Niche lockbox and remittance processing software provider to community banks and third-party processors. Closest head-to-head peer to CMS-IR Lockbox Pro and Image Remit in the small-to-mid bank lockbox segment.
• OpenText (formerly D+H / Fundtech): Offers remittance and lockbox processing solutions to banks and large corporates through its payment processing business. Comparable as a long-tenured installed-base lockbox vendor serving financial institutions with image-based and electronic payment workflows.

Broad incumbents

• Jack Henry & Associates: Major bank technology provider whose Banno Payments and ancillary offerings include lockbox and receivables processing for community and mid-size banks. Broader portfolio than CMS, but overlapping FI customer base and similar lockbox-style workflows.
• ACI Worldwide: Real-time and electronic payment software provider to banks and corporates, with a focus on B2B and wholesale payment workflows. Adjacent competitor as banks modernize away from paper-based lockbox toward real-time, electronic rails.
• Fiserv: Large incumbent offering bank processing, bill payment, and receivables solutions. Overlaps with CMS-IR on the bank side of lockbox and integrated receivables, particularly for community and mid-tier U.S. financial institutions.
• FIS (Fidelity National Information Services): Global bank-tech and payments giant with lockbox, integrated receivables, and corporate cash management capabilities. Targets the same bank and large-corporate buyers as CMS-IR but at significantly greater scale and product breadth.

Emerging players

• Bill.com: SMB-focused bill payment, invoicing, and AR/AP automation platform. Tangentially competes with CMS-IR's electronic bill pay and integrated receivables solutions targeting smaller corporates and property managers.
• Paymerang: B2B accounts payable automation and electronic payment network serving mid-market and enterprise customers. Competes with CMS-IR's integrated receivables and electronic bill pay workflows for the same corporate end-customers.
• RevSpring: Healthcare-focused patient billing, payments, and receivables platform. Overlaps with CMS-IR's healthcare vertical and Image Remit/CereSoft-style integration approach to AR automation in healthcare provider organizations.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/cashmgmt
• LinkedInlinkedin.com/company/cash-management-solutions

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about CMS