EFT Processing
Streamline Sage Intacct payments & receipts using Electronic Funds Transfer
"The support we receive from Orchid is top notch, and the Return on Investment was pretty much immediate."
JIM BROMILOW, CORPORATE CONTROLLER, GRANT THORNTON LLP, CANADA
Multiple efficiency and security benefits
A quick ROI, thanks to savings on stationery, handling, postage, and bank transaction fees
- Process automation lowers costs while improving efficiency and accuracy
- Save time and reduce errors by avoiding duplicate data entry
- Reduce fraud exposure by eliminating paper cheques
- Streamline positive pay file processing where cheques are still needed
- Uses Industry-leading WebAssembly technology for secure data mapping
- Detailed audit logging for added security
EFT Processing Features
EFT File Creation & Bank Details
- Creates EFT Payment and Direct Debit files in the format required by your bank
- Integrated with standard Sage Intacct payment and receipt processing routines
- Supports AP Payments, AR Payments, and Employee Reimbursements
- Bank, Vendor, Customer, and Employee banking details are held within Sage Intacct by EFT Processing
- Supports user-definable screen labels to reflect bank terminology
- Extensive audit logs of all EFT Files created, plus all changes to banking details, for extra security
Bank File Formats supported
- Already supports 800+ bank formats, from 80+ countries
- Supports user-definable bank formats
- Supports domestic payments, cross-border payments, positive pay, prenote, WIRE, NACHA, CPA005, SEPA, ISO20022, BPAY, etc
- If the format you need is not currently supported, Orchid Systems can create it
WebAssembly for added Security
Orchid’s EFT Processing mapping engine utilises industry-leading WebAssembly technology:
- Adopted by major technology industry players for its security and performance benefits
- Securely and efficiently translates your confidential Sage Intacct payment information to the layout required by your bank
- Mapping takes place within your environment, not on a 3rd party site, ensuring your confidential banking information is kept as secure as possible
A Sage Intacct Module
- Developed in the Sage Intacct environment, providing the familiar Sage look & feel, plus standard security and customization capabilities
- Stores all data within Sage Intacct
- Integrates seamlessly with Sage Intacct Accounts Payable, Accounts Receivable, and Employee Reimbursements
- Features support for the automatic creation of AR Payments in bulk for selected AR Invoices
Cost savings add up to a quick ROI
- Reduced bank transaction fees
- No more expensive paper cheque stationery
- Reduced printing, handling and postage costs
- Automatic EFT file creation avoids duplicate data entry
Testimonials
Product Screenshots
Minimum
Requirements
- Features relate to the latest supported version.
- EFT Processing for Sage Intacct requires Sage Intacct Platform Services and Web Services.
International Contacts
Please contact us directly if your business is in the UK, Europe or other regions not listed here.
North/South/Central America and the Caribbean
Robert Lavery
Phone: (416) 453-7876
Email: Robert.lavery@sympatico.ca
Address:
Robert Lavery & Associates
14 Woodway Trail
Toronto, Ontario CANADA M8Y 2B8
Asia Region
A-Plus Software Limited (ID#82011633)
Phone: + 852-2366 8392
Email: info@a-plussoft.com
Website: www.a-plussoft.com/en/orchid.php
Address:
5/F Goldsland Building
22 Minden Avenue, Tsim Sha Tsui,
Kowloon Hong Kong
Australia and New Zealand Region
Sage Software Australia - Business Management Solutions (ERP & CRM)
Phone: 137 243 (13 SAGE)
Website: https://www.sage.com/au
Level 11, Zenith Tower B,
821 Pacific Hwy,
Chatswood NSW 2067
Africa Region
Sage South Africa (Pty) Ltd
Phone: +27 11 304 3000Website: https://www.sage.com/za
6th Floor, Gateway West
22 Magwa Crescent
Waterfall 5-lr, Midrand, 2066
Middle East Region
Sage Middle East
Phone: +971 43900180
Website: https://www.sage.com/en-ae/support/contact-us
Office No. 118 Building No.11
Dubai Internet City (DIC)
Dubai, PO Box 500198
United Arab Emirates (UAE)