electronically capture and process supplier statements and improve cashflow management
DESCRIPTION
Celtrino’s Statement service validates the creditors’ ledger by enabling buyers to electronically capture and process supplier statements resulting in reduced reconciliation and reporting costs.TRANSCRIPT
Unit 5, Parnell Business Centre, 125 Parnell Street, Dublin 1, IrelandTel: +353 1 873 9900 Email: [email protected] www.celtrino.ie
Celtrino’s Statement service validates the creditors’ ledger by enabling buyers to electronically capture and process supplier statements resulting in reduced reconciliation and reporting costs.
Key Bene�ts
At the tail end of the trading cycle the buyer will receive monthly statements that list the outstanding invoices still to be paid. Circumstances vary but many buyers do not align their creditors’ liabilities with their suppliers’ statements due to the administrative burden and cost of completing this manual task.
As a result buyers su�er in two key ways: 1. Settlement discounts are lost as a result of late payment 2. Liabilities are understated as the ledgers are not aligned.
Celtrino’s Statement service will enable you to avail of settlement discounts and to avoid the understatement of liabilities.
Reduce costs: Eliminate manual e�ort associated with matching statements against creditor’s ledgers.
Realise supplier discounts: Electronic statement alignment enables you to avoid late payments and take full advantage of supplier settlement discounts.
Improve cash �ow management: Identify discrepancies between trading partner ledgers.
Unit 5, Parnell Business Centre, 125 Parnell Street, Dublin 1, IrelandTel: +353 1 873 9900 Email: [email protected] www.celtrino.ie
Key Features
Web based reporting functionality: On-demand access to high quality �nancial reconciliation reports.
Automated routing: Automated routing of designated reports to account managers and to trading partners.
Automated matching: Automated matching of creditor’s ledger with supplier statements.
Celtrino PlatformThe Celtrino supply chain automation platform is purposely designed to scale to meet the huge volumes of inter-company B2B commercial transactions whilst providing the highest level of performance, reliability and business continuity through a fully redundant and secure architecture. The Celtrino B2B platform enables a suite of touchless services to be delivered via Software-as-a-Service (SaaS) which o�er a dramatically faster implementation process.
CeltrinoCeltrino specialises in business process and supply chain document automation solutions. With over 20 years of successful trading under our belt, Celtrino has consistently delivered outstanding business value to a customer base of over 600 companies of all sizes, from sole traders to multinationals.
As a pioneer in the provision of outsourced managed EDI services, Celtrino has long championed and delivered innovative reliable and feature rich on-demand supply chain solutions via the cloud.
Statement Diagram