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.
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Eliminate manual procurement processes and costs in the procure-to-pay cycle
100% accurate order information for all trading partners
Immediate electronic proof of delivery information
Automate paper invoicing and generate 50-80% cost savings
Automatically identify exceptions between the creditors’ and debtors’ ledgers