Data enrichment is achieved by matching and comparing items with other databases or historic information - will validate and automatically complete a payment data picture. This is particularly useful to manage lack of documentation. This feature is fully customisable and can be used to verify for example the correct destination account number, carry out cheque digit routines, extract policy/council tax details through auto-recognition.
If a single payment is submitted to cover more than one invoice, the amount will be credited against multiple entries using split amount management.
Transaction Journaltm has the capacity to index and incorporate Bacs or card payment data received in the form of data feeds from your bank into a central payments archive. Supplemental information may also be interfaced from other databases or financial and management applications.
© 2009 Solchar Limited, All Rights Reserved