Remittance Advice
Back to GlossaryWhat is Remittance Advice? Remittance Advice is a document sent by a customer to a supplier to inform them that a payment has been made and to specify which invoices or accounts the payment should be applied to. It typically includes details such as invoice numbers, payment amounts, and any deductions or adjustments. For finance leaders, remittance advice is essential for accurate and timely cash application, reducing unapplied payments and reconciliation issues. When digitized and integrated with receivables systems, it enhances automation and improves visibility into incoming cash flows.
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About Serrala
Serrala is the global market leader and pioneering innovator in finance process automation. Our award-winning suite of applications gives finance leaders the power to evolve, optimize their working capital and streamline all workflows, planning, and compliance, by automating all operational processes across Order to Cash, Procure to Pay, Cash Flow Management, and Treasury.
Serrala’s AI-powered finance automation suite is trusted by thousands of organizations worldwide to gain real-time insights and create operational excellence through high performance engineering and seamless integration.
Serrala has been advancing the office of the CFO for over 40 years with solutions that accelerate growth, enhance decision-making, and achieve sustainable finance success.