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Automation Tackles the Settlement Process.
Trade receivables are inherently messy. Never is that more apparent than when posting receipts. Compared to consumer credit transactions, where there are very few questions regarding where and how a payment should be applied, business-to-business remittances are very often difficult to match to the accounts receivable database. The primary culprit is the habit of business customers to make adjustments to one or more of the invoices they are paying on a particular check. The result is usually a short payment. Besides payment deductions, there can also be problems matching reference numbers from the remittance advice to the accounts receivable detail. That problem is ...
- State Street Develops Open Industry Standard for Online Settlement Instructions...
- Press release article from: Business Wire January 23, 2006 700+ words
...users on a 24/7 basis via a secure website, the system creates time and cost efficiencies by publishing and retrieving settlement data in a central database. "As the online trading environment becomes more complex, we continue to provide our customers...
- A Road Map for Settlement Data?(standing settlement instructions (SSI)...
- Magazine article from: Securities Industry News Davidson, Clive September 6, 2004 700+ words
...tech mechanism for ensuring that settlement data is fresh and correct so that trades...an alternative model for handling settlement data in response to current problems...side clients. Custodians pass the settlement data on to their clients, who in turn...
- INSURANCE CLAIMS SETTLEMENT PROCESS BEGINS IN FLORIDA AS ADDITIONAL ADJUSTERS...
- Press release article from: PR Newswire August 25, 1992 700+ words
INSURANCE CLAIMS SETTLEMENT PROCESS BEGINS IN FLORIDA AS ADDITIONAL ADJUSTERS ARRIVE AND CLAIMS...country are arriving in South Florida to speed the claims settlement process, according to the Insurance Information Institute (I...
- UK reiterates support for settlement process.
- Press release article from: M2 Presswire May 3, 2001 700+ words
...Republic of Cyprus: UK reiterates support for settlement process (C)1994-2001 M2 COMMUNICATIONS LTD RDATE:03052001 The UK continues to believe that the current UN settlement process offers the best chance of achieving both a just...
- Presidents reached progress in Karabakh settlement process.
- News wire article from: PanARMENIAN.Net July 19, 2009 700+ words
There is certain progress in Karabakh settlement process, Azeri FM Elmar Mamedyarov said. According to him...Moscow. "I feel there is certain progress in Karabakh settlement process. Presidents' recent meeting has inspired Moscow...
- Settlement process hits a bump: 2,500 residential school cases to be settled...
- Magazine article from: Presbyterian Record October 1, 2006 700+ words
...government. The official court website--www.residentialschoolsettlement.ca--has information on the settlement process. Directed at former students and their families it lists dates for those who might want to participate in the...
- MTC Nexus Program - voluntary settlement process. (Multistate Tax Commission)
- Magazine article from: The Tax Adviser Sowa-Holmes, Marcella December 1, 1993 700+ words
...states, instituted the "National Nexus Program." An important aspect of the Nexus Program is the "voluntary settlement process," which is designed to assist corporations with multistate operations in resolving potential state sales/use...
- High court ruling protects settlement process. (Supreme Court on class action...
- Magazine article from: Business Insurance Schachner, Michael March 4, 1996 700+ words
...state courts could extinguish parallel claims in federal court, the U.S. Supreme Court could expedite the settlement process for class action suits in legal fields including patents, antitrust, civil rights and transportation. The ruling...
