|
ING FTP Services
Financial Gateway For ING FTP Servcie. |
|
|
| ReconFact Server |
| |
Checking off invoices belongs to the daily routine of a financial administrator and is quite time-consuming. This process should be dealt with quickly, yet accurately and preferably early in the morning. The quicker the debtor's transactions can be processed and recorded, the sooner the current outstanding debts will be known.
To speed up this process, we introduce ReconFact Server (RFS). This program checks off invoices automatically. To do this, RFS uses data from the bank, i.e. the electronic bank statements, and data from the companies ERP systems, i.e. the debtor- and invoice information.
The system uses unstructured data, the text in the description-fields of an Electronic Banking (EB)-application, to make a structured file, which is transferred back to the companies financial application.
As soon as RFS has processed the data, the automatic matching process can be initiated. The payments that could not be matched can be processed manually afterwards. Finally, a check off report is made, which contains all processed invoices. This file must be used to update the original financial administration. Furthermore, a printer file stating exactly which payments have been processed and which ones have not been processed is made. |
|
|
|
| Would you use other institutions than banks for payment services if these non-banks would charge less than banks for the same services? |
|
|
Global Payments & Collections B.V.
