LSV is a multibank system, in other words you only need one file to make deposits to your accounts at several banks. Sending invoices and payment slips for recurring amounts becomes unnecessary. You have lower postal costs and avoid cash payment fees at the post office. You and your customers have less administrative expense. You can use data from your receivables accounting, which simplifies monitoring of receivables and reminder issuing.
Data needs to be entered only once, eliminating potential sources of error.
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