Untitled
Testimonial
Automatic Electronic Payments
ACH Payments
Automatic Electronic Payments
Email Remittance
Bacstel-IP
Cash Payments
Accounts Payable Draft Management
Since 1999 we have implemented
Cashbook solutions in approximately 18
sites across Europe. We have found SAI’
s team of consultants to be diligent and
effective in implementing their solutions.

Richard Larter, IT Director, Autobar Group,
EMEA - Customer since 1999

Electronic Payments

This Cashbook module allows you to pay vendors and employees electronically directly from your
ERP system.

This module can be used for domestic payments, foreign payments or indeed payments in
multiple business units spread across different countries.

Based on payment runs completed in your ERP system, this module allows you to select
payments to be paid electronically. This selection can be done for all payments as would be used
in a shared service center or sub-selections based on: vendor number, invoice date, or even
down to individual invoices. Cashbook formats the payment file generated from your ERP into the
appropriate bank format and transmits to your financial institution.

We have payment formats for over 75 different banks around the world. Some of the more
familiar formats we have worked with include ETEBAC, STD18, ACH, CLIEOP03, BGK, BGF,
CHAPS, DTA, FED, CAPS, PAGOS.

This module has additional benefits when implemented with Cashbook’s Automatic Email
Remittance solution & Bank Reconciliation module.

Features:

  • Can be adapted for any Bank globally
  • Standard payment process no matter what bank/currency or ERP you are using
  • BACSTEL-IP compliant software
  • IBAN (International Bank Account Number) & non-IBAN payment formats can be generated
  • Complete audit trail
  • Auditable security surrounding vendor/employee bank account details
  • Integrated with Cashbook Bank Reconciliation Module & Automatic Email Remittance
    Module
  • Multiple sites, environments or ERP systems can be catered for

Benefits:

  • Cost savings from electronic payments have been shown to be valued at USD $1.70 per
    transaction for electronic payments vs check printing (NACHA 2003)
  • Global companies can employ a global solution for all sites across multiple different banks
  • Automated processing of data reduces manual entry and consequently reduces the
    possibility of fraud and increases financial control
  • Elimination of manual effort allows companies to allocate more staff time to other higher-
    value activities
  • Your vendors/employees expect electronic payments in the 21st century















                                              
                                              
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