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Electronic Payment using Direct Remittance™
Direct Remittance™ uploads payment information from the buyer's financial system or banking partner to update the status of invoices online. Buyers can choose to publish the payment schedule, the payment status, and/or remittance details. Payment notifications are delivered to suppliers based on their preferred notification method(s).
Features
- Electronic delivery of payment remittance details
- Auto-update of invoice status
Benefits
- Reduce payment inquiries from suppliers
- Complement existing payment systems
Product Sheet
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