EFT Processing

By: Orchid Business Systems  12-Jul-2011
Keywords: Accounting, Accounting Software, Erp

Orchid EFT Processing transfers Sage ERP Accpac AR Receipts and AP Payments to the electronic funds transfer functionality of your banking software. Remittance advices can be emailed using standard Sage Accpac functionality. Because EFT Processing is written in the Sage Accpac SDK it can hold all Vendor and Customer banking details. The use of EFT can result in reduced Bank transaction fees, elimination of redundant data entry and errors caused by manual entries and help businesses avoid the use of expensive cheque stationery as well as the folding and handling of cheques for payment. EFT Processing also increases efficiency by processing both receipts and payments in the same transmission.
-Orchid EFT Processing is written with the Sage Accpac SDK and is integrated into the Sage Accpac desktop menu. ·        
-Orchid EFT Processing supports AR Customer Receipts and AP Vendor Payments in one application. ·        
-Orchid EFT Processing has the ability to create 1 EFT file from a range of AP Payment Batches instead of 1 EFT file per batch. ·        
-Orchid EFT Processing files can send payments from multiple accounts at the same bank. This works well in an organization with multiple offices. ·        
-Orchid EFT Processing links to existing Bank, AR Customer and AP Vendor tables in Accpac you can email remittance advices using standard Delivery.

Keywords: Accounting, Accounting Software, Erp, Financial Reporting, Financial Software

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