Home > Blossary: Information Technology > Term: automated payment tracking and reconciliation services
automated payment tracking and reconciliation services
Automated payment tracking and reconciliation services enable the tracking of payments and associated documents (invoice and/or collection), and payment release without manual intervention. Connecting the bank to the customer’s general ledger enables reconciliation of transactions, cash application, liquidity analysis and the updating of credit positions. Exception items are flagged for further analysis.
- Del af tale: noun
- Branche/domæne: Technology
- Category: Information technology
- Company: Gartner
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