What is a transfer with Structured Remittance Information (OGM)?
A transfer with structured remittance information is a bank transfer for which the remittance information consists of a group of three, a group of four, and a group of five digits, separated by a slash (e.g., +++090/9337/55493+++). This remittance information is used to automatically process a bank transfer, eliminating the need for a manual check to see whether an invoice has been settled. The first ten digits of the structured remittance information can be a customer number or an invoice number. The last two digits are the control number that is obtained by calculating the remainder of the previous ten digits by Euclidean division by 97 (modulo 97). If the remainder is 0, the control key will be 97. If the control number does not correspond with the first 10 digits, the payment will be refused. The purpose is to avoid random errors when entering payment instructions. Three pluses (+++) or stars (***) are added before and after the digits.
What do I have to do to have Billit automatically generate an a transfer with Structured Remittance Information?
Nothing at all! Billit automatically generates a transfer with structured remittance information when you click the Create invoice button. This structured remittance information will be based on, among other things, the invoice number.