A/P Electronic Payments & Positive Payments for SAGE PFW
Electronic Payments enables “paperless” ACH payments. It is run before the regular PFW Print/Post once a
“normal” payment Batch has been setup.
It quickly scans the entire batch and prints Direct Deposit Payment
Advices for those designated as Electronic Vendors.
During the post it creates a “transmission-ready” NACHA standard ACH
Credit (CCD) payment file and posts those Vouchers.
The same batch is then processed again using the standard PFW Print/Post
to generate Checks and post all the remaining vendor payments. This Utility is
designed to allow end users to configure these file formats in-house to your
|STC’s Positive Payments can "head-off" the mushrooming problem of check fraud. Once configured, this utility enables users to quickly create custom-formatted (to any Bank's-provided specifications) Positive Payments file(s) in Text or Comma-delimited format. Banks offering this service will cross-reference any drafts presented for payment against this file and can deny payment of drafts/checks which differ from the Check No., Amount or Date information in the file. Unlike most other products, this Utility is designed to allow consultants & end users (rather than software suppliers) to create and modify these file formats in-house. All that's required is a detailed set of file specifications from your Bank.|
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contact us . . .
Mail: P O Box 24756
Winston-Salem NC 27114-4756
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