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Virtual Account - A complete Reconciliation Tool for Account Receivables

September 29, 2016 | Finextra

Corporates keeps on facing challenges in dealing with their AR, specially on the reconciliation of the receiving transaction. An absence of remitter’s information on approaching receipts coming in commonly brings about the procedure separating with considerable authoritative time and cost spent investigating and resolving receivables matching. The subsequent unapplied cash and open invoices routinely prompt traded off client benefit and postpones in shipment release. Monthly financials closure and working capital management often suffer as a consequence.

Read more : https://www.finextra.com/blogposting/13179/virtual-account--a-complete-reconciliation-tool-for-account-receivables