What does eVVR stand for?

Electronic Voucher Verification Report

In the context of banking, eVVR can refer to "Electronic Voucher Verification Report." This term highlights the shift in financial institutions towards digital processes for auditing and confirming transactions.

An Electronic Voucher Verification Report is a crucial document generated by banking systems. It provides a detailed record of digital vouchers, which are essentially electronic proofs of transactions, payments, or other financial activities. These reports help banks, auditors, and regulatory bodies verify the existence, authenticity, and correctness of financial operations. By moving from physical paper vouchers to electronic ones, banks can streamline their internal controls, enhance audit trails, reduce manual errors, and increase efficiency in financial record-keeping and reconciliation processes, ensuring transparency and accuracy in all banking operations.