Jeffrey Cohen Defines Optical Lockbox Account

Private equity investor Jeffrey Cohen simplifies optical lockbox banking for business owners in the city.

NEW YORK, NY, May 25, 2016 /24-7PressRelease/ -- For the last 20 years, lockbox banking has featured in many business conferences and debates. The cash flow improvement technique has its equal measure of supporters and detractors in financial circles. It was thus no surprise that the outstanding investor chose it as the theme of his speech to the investors.

Speaking during a young investor's summit in the city, Jeffrey Cohen, the president of Cohen Group for the last 15 years, was categorical about the need to understand the emerging business trends in order to make better business decisions as individual investors and companies.

"For many years, small businesses have continued to suffer due to complicated cash flow systems but with a lockbox account, everything chances. Simply put, this is a banking tool that is best for companies with customers who mail payments," the Cohen's Group President said.

"More importantly, your customer's payments are delivered to a special post box instead of your business address. The main benefit here is that only your customer's payments are delivered to this special box. The bank, on the other hand, sends its couriers who have the keys to collect and deliver the payments to the bank," Jeff Cohen added.

"From that point, the bank processes the payments and voila! You have the money in your account without much hassle," he continued.

Most financial experts, including Jeffrey Cohen, quote the fact that business owners can maintain these boxes all over the country to ensure they are as close as possible to the customers. Companies can also instruct banks to check these boxes depending on the regularity of payments they expect.

For any type of business, Jeffrey was emphatic that the benefits cannot be downplayed. It is an ideal way to ensure efficient payments. The faster transactions also help to improve cash flow within the company.

For the last 15 years, Jeffrey Cohen has been a key financial figure as head of the Cohen Group, which majors in private equity. However, he has also made a name as a suave investor through the Golden Pear Funding, which is involved in specialty financing. More importantly, he has been influential in small business financing through Orchard Street Funding among many other ventures.

His solid financial background has made Mr. Cohen a notable figure in most investment forums and he not only mentors young entrepreneurs but also helps support small businesses.

About Jeffrey Cohen

Jeffrey Cohen, Forefather and CEO, has 8 years of experience in the same position at Golden Pear Funding, one of the top three national legal advance companies in the United States today. Mr. Cohen is also President of the Cohen Group, a private equity company managing a variety of investments and President of Operations for General Vision Services.

Jeffrey Cohen is the recipient of the New York City's famous Cohen's Fashion Optical. Today, there are over 100 Cohen's Fashion Optical stores in major mall and city locations throughout seven east coast states and Puerto Rico. Learn more at http://www.goldenpearfunding.com

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