What is remittance advice in SAP BNS-ARI-SE - Suite Enablement for Ariba?

SAP Term: remittance advice

• Component: BNS-ARI-SE

• Component Name: Suite Enablement for Ariba

• Description: Term on Ariba Network that corresponds to the SAP term entry "payment advice".

Smart SAP Assistant

• Key Concepts: 
  Remittance advice is a document sent by a buyer to a seller to inform them of the payment made for goods or services. It is typically sent along with the payment and includes details such as the amount paid, the date of payment, and any deductions taken from the payment. The BNS-ARI-SE Suite Enablement for Ariba is a suite of software tools that enable buyers and sellers to manage their accounts receivable and accounts payable processes. 
  
  How to use it: 
  The BNS-ARI-SE Suite Enablement for Ariba allows buyers and sellers to easily generate remittance advice documents. The software can be used to create customized remittance advice documents that include all relevant information such as the amount paid, the date of payment, and any deductions taken from the payment. The software also allows users to track payments and view detailed reports on their accounts receivable and accounts payable processes. 
  
  Tips & Tricks: 
  When creating remittance advice documents, it is important to ensure that all relevant information is included. This includes the amount paid, the date of payment, and any deductions taken from the payment. Additionally, it is important to ensure that all documents are accurate and up-to-date in order to avoid any discrepancies between buyers and sellers. 
  
  Related Information: 
  The BNS-ARI-SE Suite Enablement for Ariba also includes features such as invoice reconciliation, dispute resolution, and automated payments. Additionally, users can access detailed reports on their accounts receivable and accounts payable processes in order to gain insights into their financial performance.