eBanking Suite for Microsoft Dynamics SL

As electronic banking services become increasingly widespread, we find that our clients want their Microsoft Dynamics SL systems to provide them with the tools they need to take advantage of this technology. The modules available in the eBanking Suite for Microsoft Dynamics SL can not only help you reduce your costs through automation, but they also provide improved security and fraud protection.

The new modules include the A/P Electronic Funds Transfer (APEFT) which allows for automatic payment from your business checking account to your vendors’ bank accounts.  This type of system, known as ACH, or Automated Clearing House, eliminates the time-consuming process of printing, signing and mailing checks.  APEFT is the perfect solution not only for paying vendors, but for reimbursing employee expenses, too.

ebanking-screenshotThe Wire Transfer Plus module works similarly to the APEFT, but is used for foreign payments or for paying vouchers via wire instead of ACH.  Depending on your bank’s capabilities, the Wire Transfer Plus module also supports bank drafts, corporate checks, CTX and other out-sourced banking functions.

The Positive Pay or “Safe Pay” module reduces your exposure to unauthorized paper check transactions and is quickly becoming required by a growing number of U.S. banks.  It works by producing an electronic file as part of the check printing process and transmitting that file to your bank. The bank will then only honor checks that are listed in that electronically transmitted file.

If you have recurring accounts receivables or monthly contracts, then the A/R Electronic Funds Transfer (AREFT) module will allow you to debit your customers’ accounts electronically. The same ACH system used to make payments can be used to send an electronic instruction to your bank to make a withdrawal from your customers’ accounts and deposit the fund into yours.

If you are using a lockbox service to collect checks from customers, the Lockbox Processing module saves time and effort applying cash receipts against invoices where remittance information is complete.  For cash receipts where the matching document is questionable, the payment application workbench tool lets you easily match the receipt to the appropriate invoice.  You will never need to enter transactions individually. Even if you don’t use a lockbox service, you can use the module to speed up payment application processing.

Accountnet is a Microsoft Dynamics Gold Certified Partner and can help you determine whether the eBanking Suite for Microsoft Dynamics SL is right for your organization.  Contact us for a free phone consultation.