| 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.
Automated Clearing House or NACHA (National Automated Clearing House Association).
Features:
- Electronically collect customer invoices
- Seamless integration with Microsoft Dynamics SL Accounts Receivable
All software is written using the same toolset as Dynamics SL. Therefore the screens and processes look, act and feel just like the core SL system.
- US-ACH format
- Multi-company / multi-account
- Remittance advices by email (completely customizable)
- Flexible summarization options
- EFT test files
- Optional pre-notification
A process that allows you to verify a vendor or customer's account information with your bank, before executing a live EFT.
- Multiple transmissions in one day
- Balanced or unbalanced files
Balanced ACH files consist of both credit and debit records whereas unbalanced files only consist of one side - either credit or debit.
- Mixed debits/credits
ACH files that have both credit and debit entries.
- Flexible communications
- No intermediary clearinghouse required
- File archiving
- eBanking Security to control access
- Available on Microsoft Dynamics SL v5x, 6x, 7x and 2011
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