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Remittance Processing 101 for A/R Analysts

This course on remittance processing in cash application aims to revolutionize the b2b payment space by reconciling the major challenges of manual processing in cash application.

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About this course

promoImage
description
lessonOverview

The remittance processing environment is like a bowl of spaghetti. Each type of payment and associated remittance advice constitute different strands of noodle.

The following graph highlights four key challenges related to dealing with this bowl of remittance spaghetti:


 

Source: FIS 2018 Corporate Liquidity Report: "Modernization of Credit and Collections -- From Legacy to Revolutionary"

As long as multiple payment and remittance formats continue to co-exist, tasks like reading, matching, and reconciling incoming payments will need manual intervention.

Tune in to this introductory course by our industry veteran John M. Donovan, and understand how you could streamline the remittance process with a definite workflow that requires no manual intervention.


Key Takeaways:-

  • Introduction to 30 Common Remittance Challenges
  • 11 Things to Consider while Reviewing a Remittance Process
  • 8 Ways to Mend Communal Gap in Remittance Processing
   
resources Coming Soon
discuss Coming Soon
instructor
name title image description
JOHN M.DONOVAN Advisory Sevices Consultant, Quote to Payment John M. Donovan is a senior financial services executive specializing in all aspects of the Order-to-Cash and back-office processes. Managed several very large global A/R portfolios for major Fortune 100 and 500 high-growth companies in various stages of delivery and transition, as well as small companies in a startup and growth mode.
recommendation
image tag title description link duration

Cash Reconciliation

KPIs and Reporting

 Cash Application KPIs and Reporting Watch this tutorial to learn how to monitor cash application KPIs to achieve your business's long-term goals. https://academy.highako.com/cash-application-kpis-and-reporting 20 Mins

Cash Reconciliation

Exception Handling

 Month-End Closure Learn how to use various strategies for optimizing your cash management with practical solutions on how you could reconcile as many accounts as possible every month seamlessly. https://academy.highako.com/ar-managers-guide-to-month-end-close-process 30 Mins

Cash Reconciliation

Exception Handling

 Selecting the Right Cash Forecasting Model for Your Business Watch this A/R Manager's tutorial and understand how to evaluate your cash reconciliation and cash forecasting strategies to improve visibility and transparency. https://academy.highako.com/selecting-the-right-cash-forecasting-model-for-your-business-course 30 Mins
tribe
widgetType Id components
topic cash-application input

Curriculum30 Mins

  • 30 Most Common Remittance Challenges (~5 Mins)
  • Preview
    Introduction to Remittance Processing in Cash Application
  • Preview
    30 Key Remittance Challenges
  • Crucial Things to Consider While Reviewing a Remittance Process (~ 5 Mins)
  • Questionnaires to Consider Before Processing Remittance
  • Remittance Processing Challenges: Detailed Overview
  • 7 Major Remittance Processing Components (~ 7 Mins)
  • 7 Major Remittance Processing Components - Part 1
  • 7 Major Remittance Processing Components - Part 2
  • Complex Disconnected Ownership in Remittance Processing (~4 Mins)
  • Brief Overview of Disconnected Ownership in Remittance Processing
  • How to Frame Your Analysis While Processing Remittance (~ 4 Mins)
  • How to Frame Your Analysis While Processing Remittance

About this course

promoImage
description
lessonOverview

The remittance processing environment is like a bowl of spaghetti. Each type of payment and associated remittance advice constitute different strands of noodle.

The following graph highlights four key challenges related to dealing with this bowl of remittance spaghetti:


 

Source: FIS 2018 Corporate Liquidity Report: "Modernization of Credit and Collections -- From Legacy to Revolutionary"

As long as multiple payment and remittance formats continue to co-exist, tasks like reading, matching, and reconciling incoming payments will need manual intervention.

Tune in to this introductory course by our industry veteran John M. Donovan, and understand how you could streamline the remittance process with a definite workflow that requires no manual intervention.


Key Takeaways:-

  • Introduction to 30 Common Remittance Challenges
  • 11 Things to Consider while Reviewing a Remittance Process
  • 8 Ways to Mend Communal Gap in Remittance Processing
   
resources Coming Soon
discuss Coming Soon
instructor
name title image description
JOHN M.DONOVAN Advisory Sevices Consultant, Quote to Payment John M. Donovan is a senior financial services executive specializing in all aspects of the Order-to-Cash and back-office processes. Managed several very large global A/R portfolios for major Fortune 100 and 500 high-growth companies in various stages of delivery and transition, as well as small companies in a startup and growth mode.
recommendation
image tag title description link duration

Cash Reconciliation

KPIs and Reporting

 Cash Application KPIs and Reporting Watch this tutorial to learn how to monitor cash application KPIs to achieve your business's long-term goals. https://academy.highako.com/cash-application-kpis-and-reporting 20 Mins

Cash Reconciliation

Exception Handling

 Month-End Closure Learn how to use various strategies for optimizing your cash management with practical solutions on how you could reconcile as many accounts as possible every month seamlessly. https://academy.highako.com/ar-managers-guide-to-month-end-close-process 30 Mins

Cash Reconciliation

Exception Handling

 Selecting the Right Cash Forecasting Model for Your Business Watch this A/R Manager's tutorial and understand how to evaluate your cash reconciliation and cash forecasting strategies to improve visibility and transparency. https://academy.highako.com/selecting-the-right-cash-forecasting-model-for-your-business-course 30 Mins
tribe
widgetType Id components
topic cash-application input

Curriculum30 Mins

  • 30 Most Common Remittance Challenges (~5 Mins)
  • Preview
    Introduction to Remittance Processing in Cash Application
  • Preview
    30 Key Remittance Challenges
  • Crucial Things to Consider While Reviewing a Remittance Process (~ 5 Mins)
  • Questionnaires to Consider Before Processing Remittance
  • Remittance Processing Challenges: Detailed Overview
  • 7 Major Remittance Processing Components (~ 7 Mins)
  • 7 Major Remittance Processing Components - Part 1
  • 7 Major Remittance Processing Components - Part 2
  • Complex Disconnected Ownership in Remittance Processing (~4 Mins)
  • Brief Overview of Disconnected Ownership in Remittance Processing
  • How to Frame Your Analysis While Processing Remittance (~ 4 Mins)
  • How to Frame Your Analysis While Processing Remittance