Maltese businesses settle in EUR via SEPA credit transfer, direct debit and card. Matching bank statement entries to outstanding fiscal receipts and VAT invoices is the most time-consuming recurring accounting task — and when it slips, the VAT ledger goes out of sync with the CfR's expected position.
Manually matching SEPA bank statement lines to invoices takes several hours every week, with unmatched items accumulating.
Automatic statement import and invoice matching using SEPA payment references, reducing unmatched items to near zero.
Overdue debtors are not chased consistently, stretching the average debtor days and impacting cash flow.
Automatic ageing report with scheduled SMS and email reminders sent through the notification module.
Automatic SEPA matching and timely reminders.
