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S e r v i c e T e c h n o l o g i e s C o r p Award-Winning Developer of Payroll & HRIS Software |
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A/P Electronic Payments & Positive Payments for SAGE PFW |
Paperless Electronic Vendor Payments via ACH
Don't Be a Victim of Check Fraud
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Product Overview |
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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
bank’s requirements.
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| 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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S e r v i c e T e c h n o l o g i e s C o r p Award-Winning Developer of Payroll & HRIS Software |
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Contact your local reseller or
contact us . . .
Phone:
336-768-1787
Mail: P O Box 24756
Fax:
336-768-1602
Winston-Salem NC 27114-4756
Best. Platinum & PFW are registered trademark of Best Software Corp All other trademarks acknowledged.
