Tired of Spending Endless Amounts on Resources Used to Mail Invoices & Cheques?
Electronic Funds Transfer (EFT) developed by Orchid Systems streamlines payment and collection processes and tightens control over bank transfers. EFT Processing transfers Sage 300 ERP receipts and payments through to the electronic funds transfer functionality of your banking software.
Orchid Software Solutions’ objective is to consolidate business experiences, technical skills, and varying levels of knowledge. Orchid provides total satisfaction to customer through their commitment to quality and business excellence, ensuring that all professionals understand client perspectives, while working with you from start to finish in order to provide the solutions that best fit your business needs.
Reduced bank fees
Process both receipts and payments
No duplicated data entry
Manage AR Due Dates on Posted Documents to facilitate auto-receipt processing
Improved security on vendor/customer bank account details
Improved security on issuing cheques – no cheques lost in the mail
Reduced postage costs - Canada Post has announced that the cost for a single stamp will be going up to $1.00! You will still be able to buy bulk postage, but the cost is still going to be around $0.85
Reduced processing time – instead of several hours to print, fold, and post cheques, an EFT batch can be created, imported and remittances emailed in a matter of minutes
No more cost for expensive cheque stock
Works with numerous major banks worldwide
Automatically creates EFT files required by the bank for both payments and receipts
Ability to define an EFT Clearing bank account to enable bank reconciliations by EFT Transfer total
Warning if duplicate EFT bank branch codes and bank accounts entered for Vendors or Customers
Summary transaction log
Audit log of changes to Vendor and Customer bank account details
Remittance advices can be emailed using standard Sage 300 ERP functionality; specific email contacts possible for EFT Vendor
Clear down EFT Details when associated Vendor/Customer is deleted.
Developed in the Sage 300 ERP SDK providing its look and feel
Standard Sage 300 ERP security, customization capabilities, data integrity checking, web mode and more!
Runs on all databases supported by Sage 300 ERP
Supports Customer Number Change and Vendor Number Change