If you're not utilizing robust, automated remittance through CTX, or Corporate Trade Exchange, it might be time to start.
Why CTX
Detailed remittance simplifies every step of payment receipt and reconciliation for accounts receivable departments like yours, but that detail can also make reconciliation cumbersome. CTX allows for an industry standard format that is passed directly to your bank with ACH instructions, removing the need for your team to handle any kind of manual data entry tasks
