A remittance advice typically includes key details such as the payer’s name and contact information, the supplier’s details including address and account number, and specifics of the transaction such as invoice numbers, payment amounts, and dates. It also indicates the method of payment used, whether it’s a check number, electronic transfer, or another form. These elements are essential for accurate record-keeping and reconciliation of transactions between parties involved in business transactions.
Reimagine Your Order-To-Cash with AI
Touchless Receivables. Frictionless Payments.
Credit Risk
Receivables
Collections
Deductions
Cash Application
Customer EIPP
Bringing the Trifecta Power - Automation, Analytics, AI
Recommended Digital Assets for You
Suggested Resources
Digital World-class Leaders Use Emagia Order-to-Cash
Case study
Case study
Case study
Cali Bamboo Boosts Digital Credit Decisions with Emagia
Case study
Digital Credit Transformation for American Heart Association
Add AI to Your Order-to-Cash Process
AR Automation for JD EDwards
AR Automation for SAP
AR Automation for Oracle
AR Automation for NetSuite
AR Automation for PeopleSoft
AR Automation for MS Dynamics
Emagia is a leading provider of AI-powered Order-to-Cash (O2C) automation platform that modernizes finance operations for midsize to large global businesses. Many global businesses and shared service centers use Emagia’s Enterprise Receivables Management System to transform to digital world-class operations in credit, invoicing and payments, receivables, collections, deductions, cash application and cash forecasting. Emagia solutions improve their customers DSO, cash flow, credit risk, operational cost, compliance and profitability.