Short answer
Payment detail sent to a supplier that explains which invoices, credits, or account items a payment covers.
Why it matters in AP payments
In a modern AP payment operation, remittance information affects how finance teams control risk, support suppliers, and move money after approval. Finexio helps teams handle this work inside a managed payment process instead of leaving it as another manual AP task.
Example in a payment workflow
A finance team may approve an invoice in its ERP, send a payment file, and then need supplier support, status, payment controls, and reconciliation around remittance information. Those operational details determine whether a payment process is actually modernized after approval.
How Finexio helps
Finexio runs payment delivery, supplier enablement, exception handling, fraud controls, reporting, and reconciliation after your team sends one approved payment file. That means AP teams keep control of approvals while Finexio handles the operational lift.