What is an expected payment?

Learn about expected payments and how Modern Treasury can help close your books faster via automatic reconciliation

In the efforts to help you reconcile your transactions fully, Modern Treasury aims to provide assistance with reconciling payments that are not initiated as payment orders.

When inbound payments occur, Expected Payments allow you to know about the transactions before they occur. They also enable you to provide more information on the bank transactions.

By utilizing expected payments, you can use Modern Treasury to reconcile payments initiated by others and close your books in real time.