Electronic Funds Transfer

• Post sales batches with associated payments and automatically generate an electronic file for transfer to your bank.

• Securely transfer payments to vendors and employees or across accounts by transmitting your payables to the bank once you’ve processed them.

• Conform to US bank-industry EFT standards with support for ACH format and most Canadian formats, including those of the Royal Bank of Canada, CIBC, and the Bank of Montreal, for seamless transaction processing.

Electronic Bank Reconciliation

• Automate reconciliation of transactions and adjustments with downloaded bank data, using tools that work with any bank that supports automatic reconciliation.

• Manage exceptions for transactions that aren’t in your records, such as deposit reversals and altered check amounts.

• Easily reconcile transactions and adjustments with electronic account information that integrates with the Bank Reconciliation module.

• Communicate with your bank over any communications link with transaction downloading for later viewing and auditing.

Lock Box Processing

• Easily process and match transactions from the lockbox file provided by your bank, with an intuitive user interface and line item control.

• Automatically import and apply customer payment information from your bank to open accounts, including outstanding invoices and other remittance or invoice information.

• Easily set up multiple lockbox profiles and reuse them with easy mapping of key fields in the lockbox file—such as Bank Account or Check Amount—to the appropriate field within Accounts Receivable.

Safe Pay

• Add Positive Pay functionality, including daily exporting of checks for comparison by the bank when those checks are presented for payment.

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