Examlex
Which of the following IT systems is designed to avoid the document matching process and is an "invoiceless" system?
Bank
A financial institution licensed to receive deposits, offer loans, and provide other financial services to its customers.
Collection Float
The time period between when a payment is made by a customer and when the funds become available to the recipient.
Cheques
Financial instruments that instruct a bank to pay a specific amount of money from a person's account to another individual or entity.
Processed
Refers to items or data that have been altered, refined, analyzed, or prepared through a series of actions for a specific use or purpose.
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