Alternative payee bank account handling

Business value

Supports cases where a centralized payee, such as a factor, needs to receive the payment instead of the original vendor.

Feature details

This feature enables specifying an alternative beneficiary bank account. This applies when the vendor invoice is paid, but the funds are directed to a different entity, such as a factor. If the newly added fields in bank accounts contain alternative payee information, Continia Banking automatically includes it in the payment suggestion and subsequently in the exported payment entry.

For more information, see the Adding an alternative account holder article.