Details

The Electronic Funds Transfer cash flow management module helps your organization save time and money by issuing vendor payments electronically. Electronic payments are a safe, inexpensive, and predictable payment alternative to paper checks. The Electronic Funds Transfer module is designed to complement the Accounts Payable module and seamlessly integrates with the General Ledger.

• Improve cash flow management—With Electronic Funds Transfer, you designate when payments are taken from your account, making cash flow predictable.
• Easy to set up and use—Easily designate which vendors should receive electronic payments. Process electronic payments using the same easy-to-use select and pay processing method used for Accounts Payable checks.
• Transmit payments directly to your bank—The Electronic Funds Transfer cash flow management module provides a terminal interface that allows you to dial and send your electronic payments from within the Sage MIP Fund Accounting system.
• Notify vendors of payment electronically—Send payment notifications via e-mail to vendors automatically, thereby saving staff time and effort as well as postage.

• Simplify bank reconciliation—Quickly identify and clear electronic vendor payments in the Bank Reconciliation module.
• Take advantage of full customization—Add the Forms Designer module and create secure custom layouts for your printed checks