| Accounts Receivable Electronic Funds Transfer (AREFT)
Improve your cash flow! AREFT gives you the ability to debit a customer’s account electronically. Use this ACH debit system to create and send an electronic file to your bank with instructions to make a withdrawal from your customer's account and deposit the funds into your account.
Great for taxing authorities, membership organizations, investment firms, or any company that manages recurring invoices.
The eBanking Suite's AREFT streamlines processing through various communication options. The most commonly used are browser and FTP transmissions.
Features:
- Electronically collect customer invoices
- Seamless integration with Microsoft Dynamics SL Accounts Receivable
- US-ACH format
- Multi-company / multi-account
- Remittance advices by email (completely customizable)
- Flexible summarization options
- EFT test files
- Optional pre-notification
- Multiple transmissions in one day
- Balanced or unbalanced files
- Mixed debits/credits
- Flexible communications
- No intermediary clearinghouse required
- File archiving
- eBanking Security to control access
- Available on Microsoft Dynamics SL v5.0, 5.5, 6.0, 6.5 and 7.0
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