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SWK Technologies - Electronic Funds Transfer (EFT) for Accounts Payable

Electronic Funds Transfer (EFT) for Accounts Payable Natively built with Acumatica

Acumatica Certified Application

The EFT (Electronic Funds Transfer) for Accounts Payable EASY (TM) Solution will save your company time and reduce the cost of paying your bills. You can automatically send remittance notices with all the detail in email and included in the file!

EFT for Accounts Payable creates a National Automated Clearing House Association (NACHA) compliant payment file. When you generate a NACHA file, supporting banks and financial institutions can generate electronic payments for your vender bills and employee expense remittances.

This secure, paperless, payment solution reduces your costs by eliminating the need for paper checks, the cost of labor to stuff envelopes, and the postage cost to mail your payments. Additionally, using EFT provides a traceable payment method that eliminates the delay of physical mail delivery.

This highly-configurable enhancement is flexible and supports CCD, CTX, and PPD formats. The payment files produced by this solution can also include addenda records which identify the bills being paid, and if necessary, a debit record to produce a balanced file. Additionally, the solution generates an e-mail notification for each payment that includes an attachment with the remittance advice.

Key features

  • Fully integrated in your Acumatica solution, making it easy to learn and use
  • Creates a NACHA (National Automated Clearing House) compliant file
  • Sends remittance notices, including invoice detail, to vendors and employees via e-mail
  • Supports multiple standard entry class codes: CCD, CTX, PPD
  • Creates a debit record for a balanced file (optional)
  • Creates addenda records to identify invoices being paid (optional)
  • EFT file is attached to the batch for easy retrieval

Industry Served

  • Cross industries

About SWK Technologies

SWK Technologies is a developer of software solutions for Acumatica Cloud ERP. We use Acumatica in our day-to-day business and have a team of certified consultants to assist the partner channel with our EASY Solutions. In addition to EASY Solutions, the software designers and developers at SWK Technologies can provide custom solutions that meet the unique needs of Acumatica users. We warranty our work and provide support to the partner channel on all of our EASY Solutions and customizations.

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