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Central Payment Online is a fast and secure web application that provides businesses with the ability to perform the submission of invoices or commercial documents in digital form and receive payments on them electronically or obtain information from payments made in the traditional manner.
Participants in the process
The main actors in the process Electronic Bill Presentation and Payment are:
- Billers: They are companies that sell their products or services and present their invoices to other businesses.
- Payers: They are businesses that receive invoices for products or services purchased and must execute the corresponding payments.
- Financial Entities: They are banks or processing of transactions involved in the movement of funds between the parties.
How does it work?
We can identify six modules or essential steps, where most of the participants involved.
- Enrollment: The process by which both billers and payers access and authenticate to the solution. Processes for pre-registration mass or higher can be performed in online mode to perform activation after.
- Documents presentation: It includes sending and viewing of documents: Invoices, Credit Notes, Debit, Payments Receipts, etc. This process is usually integrated with ERP Company or may upload information in spreadsheets.
- Review and Dispute Management: Analysis and resolution of problems identified in the invoices. There in implementing a series of codes that are common in different industries, covering most disputes or discrepancies between buyer and seller.
- Payments and Remittance: Implementation, monitoring and control of payments. Depending on the country, will be enabled different means of agile and safe for payment transactions.
- Reconciliation of payments: The solution combines information from payments declared with the information collected from channels collection, reconciling both sources automatically so that only the action of his department is limited to resolve discrepancies, and once resolved to authorize the closing process liquidations and be transferred to the ERP, in a simple, safe and intuitive.
- Reports variety: Different types of dynamic reports, whether historical and real time (for control operations).
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