Smarter receivables reconciliation made seamless
Enriched Consolidated Receivables (“ENCORE”) is DBS’ regional receivables reconciliation solution.
With ENCORE, we help you to consolidate incoming payments across multiple collection channels, provide invoice details enrichment from data sources such as payment advices, and generate an Enriched File, which can be customized, for upload into your ERP/ accounting software for auto reconciliation.
You can now identify the paying customers and the purpose of payments more quickly.
If you face the challenge of having to retrieve incoming payment information from fragmented sources or reconcile bulk payment for multiple invoices, ENCORE can help you drive greater efficiencies in accounts receivables reconciliation.
Enriched Consolidated Receivables (“ENCORE”) is DBS’ regional receivables reconciliation solution. With ENCORE, we help you to consolidate information of all incoming payments across multiple collection channels. You will receive a single Enriched file that provides consolidated incoming transactions with enrichment details.
Yes, you need to have a Business Account with us in order to use this service. To maximise your benefit of using this service, we recommend that you have bulk of your collections credited into your DBS account.
You can streamline and optimise your reconciliation effort by integrating the Enriched files into your work flow.
Star of Innovation in Payments – Global Banking Stars of China Awards
Best Bank for Cash Management, China
Best Service Provider – E-solutions Partner in China
Best Transaction Bank in Asia