IMU_Processing Invoices for Payment

Processing Invoices for Payment

InvoicingSM can process approved invoices for payment in multiple ways.

If you are an MSP client, invoices are paid by a check using the DDC1, or check request method, which is a nightly batch process in which InvoicingSM prepares all approved invoices for payment.

InvoicingSM also offers a way to pay approved invoices by Automated Clearing House (ACH) payments. This electronic payment feature can reduce the costs for check processing, while vendors receive more timely payments. To use ACH, both the servicer and vendor must register with InvoicingSM in order for the payment to be sent electronically. The vendor supplies the required banking information, such as routing and account number.