REMADV Import

Business Value

The REMADV import function automates the allocation of incoming payments to open invoices through the import of structured payment advices in UN/EDIFACT format. Especially in B2B business, many customers send REMADVs (Remittance Advice Messages) that detail which invoices are being settled with a payment. Automatic import of these files eliminates manual reconciliation effort, drastically reduces errors, and accelerates cash flow planning through immediate transparency about expected payment receipts.