Philippine businesses receive payments via traditional bank transfer, GCash and Maya (PayMaya) — three separate channels that all need reconciling against outstanding EIS invoices. Manual reconciliation at month-end is a common bottleneck that creates ageing discrepancies in the VAT audit trail and delays cash-flow reporting.
Matching bank statement lines to invoices manually takes three to four hours every week, with a growing backlog of unmatched items that distort the monthly debtor position.
Automatic bank statement import and invoice matching using payment reference codes — unmatched items drop to near zero, and the EIS audit trail reflects real-time payment status.
Overdue customers are not chased systematically — follow-up depends on whoever remembers — stretching average debtor days and eroding cash flow.
Automatic ageing report with scheduled SMS and email reminders dispatched through the notification module at configurable intervals from the due date.
Automatic matching and systematic overdue follow-up.
