Did you know that you can consolidate Vendor payments and reduce bank fees? When using PAIN001 (ISO20022) for vendor payments in Swebase, you can merge multiple invoices or credit notes into a single payment per supplier – as long as they have the same due date.
Example:
If you have four invoices for the same Vendor on the same payment date, the bank counts it as one payment instead of four – helping you save money.
How to Enable “Batch Sorting” in Swebase:
- Select the rows you want to merge and choose "Merge Payment"
- Want to merge all rows automatically? Use "Merge All Lines"
- For manual merging, enter a ”Merging No.” on the rows to be combined
- You can also set a ”Merge Selection” option when creating the Payment Suggustions
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