REMADV (remittance advice)
Quick answer
The EDIFACT message by which the payer states which invoices it is paying and with what adjustments, for automatic reconciliation.
Key takeaways
- List of paid invoices (number, amount)
- Per-invoice adjustments (deductions, discounts, penalties)
- Total transfer amount
What REMADV is
REMADV (Remittance Advice) is the message by which the payer (usually the retailer) communicates to the supplier which invoices it is paying in a transfer and what adjustments it applies: deductions, discounts, penalties, offset credit notes.
Why it matters
A bank payment from a large retailer often covers dozens of invoices with varied deductions. Without REMADV, the supplier must guess which invoice was paid and why the amount differs - a huge manual reconciliation effort.
What it contains
- List of paid invoices (number, amount)
- Per-invoice adjustments (deductions, discounts, penalties)
- Total transfer amount
How CRMconnect helps
CRMconnect receives REMADV and automatically matches it with issued invoices and the bank collection, marking each invoice as paid and explaining differences - automatic reconciliation that cuts DSO and accountant workload.
Real-world example
A supplier spent 2 days/month reconciling a retailer's payments that offset dozens of invoices with deductions. With REMADV auto-imported into CRMconnect, reconciliation became instant and differences were explained line by line.
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Frequently asked
What does REMADV concretely help with?+
Automatic payment reconciliation: you know exactly which invoices the customer paid and why the amount differs (deductions, discounts, penalties), without manually investigating each bank transfer.
Difference between REMADV and a bank statement?+
The statement shows the total amount received. REMADV details the payment composition: which invoices it covers and what adjustments were applied. Matching the two fully automates reconciliation.
How does REMADV cut DSO?+
Fast reconciliation means you immediately know what's paid and what's outstanding, enabling more efficient receivables tracking and reducing average collection time.
Where CRMconnect fits
Related terms
EDI (Electronic Data Interchange)
Structured exchange of commercial documents between B2B partners, without emails or manual data entry.
B2B commerceINVOIC
The EDIFACT commercial invoice message - exchanged directly between supplier and customer (different from the fiscal e-Invoice).
FinanceDSO (Days Sales Outstanding)
Average number of days from invoice issue to cash collection. Key cash-flow indicator.
OperationsOrder-to-Cash (O2C)
The end-to-end cycle from order receipt to invoice payment. A key cash-flow health indicator.