A video on the features and benefits of Electronic Funds Transfer for SAP Business One can be found below.
EFT comes with pre-installed NACHA and CPA file formats to ensure compatibility for all banks in the US and Canada. You then have the option of customizing any of the pre-loaded templates using EFT’s configuration tool to edit, add, or remove data fields. You can even create your own templates by building record types and data fields that match your requirements.
EFT’s Payment Wizard easily creates EFT/ACH payment transaction files. Set up both Vendor Outgoing Payments and Customer Incoming Payment transactions. With the click of only one button, you can create files to upload to your bank to complete the payment process.
EFT’s remittance emails allow you to notify your vendors when a payment has been made. These emails are generated with one click and include an attachment with the invoice number, date, total amount, and purchase description. Any additional data from a user-defined field can also be pulled onto the invoice.
With EFT, you no longer have to deal with checks being lost in the mail, stolen, fraudulently cashed, or securing check stock. EFT’s pre-note function validates vendor and customer payment information, making sure that the transaction is sent to the correct bank account.
EFT provides one centralized location for quick access to all of your EFT payments in a folder on your network. Easily view any EFT for verification purposes. In addition, you can review the audit trail at both the transactional and file-level!
Third Wave’s Electronic Funds Transfer allows you to do all this and more!
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As the most experienced SAP Business One Gold Partner in North America, we help scale and support your business, every step of the way. Our expertise extends beyond SAP Business One and ERP. Our customers enjoy having a single provider for all their needs. No matter how your business system requirements grow and change, we are there to assist you.
Third Wave’s implementation process and consulting team has created a customer retention level average of 98.7% year over year and is the only partner to achieve 100% customer retention. We have a 95% implementation success rate. Contact us and see how we can help you get the most out of SAP Business One.
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