The Cashbook Excel Remittance Upload module allows you to consolidate and automate cash application or remittance data from one or multiple customers.
This module typically applies to customers providing information on invoices settled with one large or periodic payment. As the data is not available on the bank statement, A/R departments are often forced to process these customers manually. As more companies move to paying their suppliers by electronic funds transfer, these “exceptions” are continually increasing.
Excel Upload can be used on its own or in combination with a bank file upload to achieve the highest automated matching rate possible.