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 Open Banking Platform – det beste fra Open Banking og PSD2
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.
ZData Autopay – spar tid med bankintegrasjon
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 Control – avstemming i sanntid
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.