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ZData Receive

ZData Receive helps to reconcile and bookkeep payments which are paid without  KID/OCR. ZData Receive reads and reconciles all types og payments which are delivered by the bank, including Swift messages which contain information of payments from abroad. Experience from the customers who have started using ZData Receive shows that  90–95 % of all payments get reconciled and bookkeeped automatically.

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Workflow

Payments

Banks collect all types of payments and deliver this information electronically to the customer. Banks in Norway call this service Cremul or Innbetaling+, in Sweden it is named BG-Max or PlussGirot, otherwise delivered in the form of Swift-messages throughout the bank system.

For example payments with the wrong KID, Avtalegiro, electronic payments with and without messages, as well as manual payments. Additionally, payments from abroad.

Automatic reconcilliation

ZData Receive reads payments and reconciles content automatically against the ledger and the original invoices. The program uses automatic text on the credit information to find the original invoice. This makes payment of one or more invoices to be processed and reconciled automatically. If text is missing, the program will use the name or payer’s account for retrieval of information.

In case information is missing, the user can find and post payments directly in the system with the help of matches with accounts receivable.

Update of accounts

When all payments are processed in the system, the posts are imported back to ERP-system. The result is updated accounts receivable, which gives the company better ground for sending collection letters and liquidity management.

The manual work with customer payments is reduced to a minimum!

This also gives the company better liquidity management and procedures for collecting debt.

Products

ZData Control

User-friendly solution for automatic reconciliation of all types of accounts and data. The solution supports all accounting systems and is integrated with your bank connection. Differences and expenses can be booked directly back to the accounts. With this solution you save time and costs and will always have control.

ZData Pay

ZData Pay is a complete solution for corporate money transfer, invoicing, convertion of files from one format to another, aggregation/split and handling of all types of payments. The only solution on the market that can transfer payments between all accounting systems and your bank automatically.

ZData Receive

Complete solution which reconciles all your payments, both card and invoice payments, against open posts in the ledger and automatically creates a suggestion for a bookkeeping entry. It frees time for control and analysis of the accounting results instead of using it for manual routines.

ZData Banking API

ZData offers today a complete banking-API against most banks in Scandinavia. This shapes completely new business opportunities both for banks, ERP-systems and other actors, who can build good solutions on top og ZData API.