Electronic Funds Transfer (EFT)

Finance teams need to be able to pay their suppliers quickly and easily. Our Electronic Funds Transfer (EFT) module provides facilities for users to create their own EFT/BACS formats to help them manage their financial transfers more efficiently and flexibly. The module works seamlessly with Dynamics 365 Business Central and the Supplier Payment process.

Some additional benefits include:

• It comes with pre-defined formats for all major banks including HSBC, Lloyds, Barclays, RBS and NatWest as well as compatible formats for Albany and Bottomline
• It allows the regeneration of EFT/BACS files
• It enables users to both import and export the file formats
• It means that there is no requirement for the user to be linked to a banking service
• It allows for regeneration of BACS/EFT files
• Offers multi-level approval of Vendor Bank Details
• Provides a full audit trail of Vendor Bank Details amendments and approvals