Question

What type of remittance advices are supported in Rimilia OCR

Answer 1

OCR means whats the full form please say

Answer 2

Answer:

Remittance advice, such as from a buyer to a seller, is a written or digital confirmation of a payment delivered by the payer to the payee. from an employer to a worker. a lending institution to the recipient of the monies.

Explanation:

• The Order2Cash software platform presents an original and distinctive concept.
• A solitary platform for controlling the order to cash cycle a modular grouping of strong and clever software programmes and service packages designed to aid businesses in reducing risk, speeding up payments, and improving efficiency in the accounts receivable department.
• Credit risk and client assessment, secure digital contract signing, electronic invoicing, online payments, cash application, credit and debtor control, collections, and debt recovery are all service areas offered by the platform.

Remittance advise is a comprehensive summary of the payment amount by invoice number that is prepared and provided by a buyer to a vendor or supplier, or to an employee, when one invoice or a batch payment of several invoices is made.

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