Overview
The EFT system improves multi-currency payment efficiency and provides an accurate current picture of your cash flow. Furthermore it reduces the risk of fraud and transnational costs associated with beneficiary payments.
The Benefits of Electronic Funds Transfer
- Lower transactional costs of beneficiary payments
- Reduced fraud risk
- Reduced risk of late payment penalties
- Reduced resource requirements
- More accurate cash flow control
- Paperless payment audit trails
Electronic Funds Transfer Features
- Indicate per bank whether EFT transactions are required
- Indicate per supplier whether EFT payments are required
- Capture banking details for Cash Book beneficiaries
- Define security at activity and field level
- Define company-specific EFT remittance advice formats
- Customise EFT output files for bank-specific formats
- Define EFT narration at company or supplier level
- Combine EFT payments for both Accounts Payable suppliers and Cash Book beneficiaries into one bank batch file
- Post Accounts Payable EFT payments to the Cash Book in detail or in summary
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Contact Us
: Baltimore House,
50 Kansas Avenue,
Manchester. M50 2GL.
: +44 161 8764 498
: info@k3syspro.com
: Support Login
50 Kansas Avenue,
Manchester. M50 2GL.
: +44 161 8764 498
: info@k3syspro.com
: Support Login
