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Home > Smart Admin e-Solutions > Electronic Ledger Alignment > Electronic Remittance Advice

Electronic Remittance Advice

Celtrino's electronic Remittance Advice service validates your debtors' ledgers by enabling you to electronically capture and process buyer remittance advices resulting in reduced reconciliation and reporting costs.

As is often the case a remittance advice will cover multiple invoice payments and can be presented in a format that prevents automated processing and reconciliation of the debtor's ledger. Buyers have no option but to incur the administrative cost to manually reconcile their debtor's ledger so as to identify which invoices have been paid and which remain outstanding.

Celtrino's ledger accounting software service eliminates the manual process and presents the remittance advice in a format suitable for automated processing. The Celtrino electronic Remittance Advice service also completes the reconciliation automatically by comparing to an electronic extract from the supplier's debtor's ledger.

Celtrino's electronic Remittance Advice service produces a report that accurately identifies which invoices have been paid and which remain outstanding. The Celtrino electronic Remittance Advice report will also report on the justification and reconciliation of buyer deducted settlement discounts.

Diagram: Demonstrates how Celtrino's Electronic Remittance Advice service validates the debtors' ledger which reduces reconciliation and reporting costs

Remittance Advice Diagram

  • Reduces reconciliation costs: Automated processing and elimination of human errors speeds up reconciliation from days to minutes
  • Cash flow management: Through faster identification of unpaid and part paid invoices and untraced payments
  • Eliminate paper: By automating the remittance advice process you dispense with the requirement for printing or storing remittance advices
  • Automatic reconciliation: Automatically reconciled against debtor's ledger and against bank statements
  • Reporting: Full suite of configurable on-demand reports
  • Ease of integration: Designed and engineered to seamlessly integrate with existing and future business processes
  • Celtrino Security: Highest grade security is maintained in all the layers of the stack, including the physical, network, application, and data levels. Physical security is achieved via secured access in Europe's leading data centre; network security is achieved with multiple layers of firewalls operating in fail over mode; application and data security is achieved via a range of access control and encryption tools
  • Systems access: The Celtrino platform provides a secure and role-based authentication process that enables each customer to specify access permissions for different users
  • No additional hardware: All Celtrino services are accessed via a range of secure internet options including web services and internet browsers so there is no requirement to purchase additional hardware

Next Steps

Download Electronic Remittance Advice Data Sheet

Email us at info@celtrino.com

Call us on +353 1 873 9900

Smart Admin™ e-Solutions

Price & Product Alignment

Eliminate manual procurement processes and costs in the procure-to-pay cycle

Order

100% accurate order information for all trading partners

Deliver

Immediate electronic proof of delivery information

Invoice

Automate paper invoicing and generate 50-80% cost savings

Ledger Alignment

Automatically identify exceptions between the creditors’ and debtors’ ledgers

Customer Testimonials

We have found Celtrino to be very capable of implementing and maintaining this project and this is borne out by the complimentary comments already received from some of our customers

Denis B Tipple
Customers Services Manager
Energizer Ireland Ltd

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