Creditor Reference

The Creditor Reference (also called the Structured Creditor Reference) is an international business standard based on ISO 11649, implemented at the end of 2008.

Using Creditor Reference, a company can automatically match its remittance information to its A/R. This means that the company's financial supply chain's STP will be increased.

The Creditor Reference was first implemented within the SEPA rulebook 3.2.

Read more about Creditor Reference:  Implementation, Structure

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