For people with multiple bank accounts: We have almost 50 bank accounts and every time we want to generate electronic payments in AP, we have to manually enter the information on the options tab. If you could store all this information with he bank account setup, and automatically pull it when you select the bank account, it would save time and reduce room for error. More accurate electronic payments = less time/money sending out physical checks and reduces check fraud.
by: Alexandra C. | over a year ago | 1 Financial Management
Comments
Generate Electronic Payments Enhancement Request
ISSUE:
Sage 300 CRE is a multi-company environment with capabilities for multiple bank accounts with multiple banks, but does not have the capability to have multiple EFT or GEP information attached to each bank account set up in CM
This missing feature in the software to store the EFT banking information on every CM bank account opens the EFT AP processing to too many risks. This issue in Canada is causing many companies to continue issuing cheques instead of switching to EFT because of the lack of control over the EFT banking information.
It is not logical for a multi-company environment to not have the functionality for multiple AP EFT banking ID’s written into the software.
CURRENT PROCESS:
• When generating an Electronic Payment batch or file for upload to a bank, the operator must remember to hit the “Options” button and change all the AP EFT banking information to match the Bank Account chosen on each EP run.
PROPOSED CHANGE:
• In CM, on the Bank Account record, create a field for each piece of information shown on the Electronic Payments Options button
• Have the GEP task pull all the banking EFT information from the CM bank record automatically
our company also have several bank accounts for different company codes (prefix A). In the Select invoices to pay how can we ensure that the relevant prefix A/company code(s) invoices are pulled for
the relevant bank ID