Wire Transfer Plus (WTP)
Wire Transfer Plus provides automatic electronic funds transfer of your Microsoft Dynamics SL AP Checks to your vendors' bank accounts. This module is used for all electronic payments that do not use the US-ACH system. By separating your WTP vouchers into their own batch, you can easily transmit that batch of "checks" to your vendors via domestic or foreign wires, and then print remittance advice slips or email them - your choice, by vendor.
The eBanking Suite's WTP streamlines processing through various communication options. The most commonly used are browser and FTP tranmissions. With a few clicks of your mouse, your payments are formatted and sent to your bank.
Please check with your Microsoft Dynamics reseller to verify the availability of a format for your bank. You can review our current list of released formats via the link to the right.
Features:
- Electronically pay:
- Vendor trade pay
- Employee expense reimbursements
- Grant payments
- One time or recurring wires
- Seamless integration with Microsoft Dynamics SL Accounts Payable
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.
- Multiple file formats - domestic and foreign, depending on your bank
In addition to wires, Plus formats can include:
- Corporate Check
A draft drawn upon a company's bank account, payable upon demand to the person named upon the draft.
- Bank Draft
A draft drawn by a bank against funds deposited in another bank.
- CTX - EFT along with Financial EDI
- Purchase cards
Corporate Trade Exchange - a financial electronic data integration (FEDI) entry class used in a NACHA file to transmit financial data along with up to 9999 addenda records containing the ANSI 820 X12 transaction information for the payment.
- Repetitive and Template formats
- User-configured Transaction Type support
- Multi-company / multi-account
- Multi-currency - batch separation by transaction currency - settled rates can be updated
- Remittance advices by email (completely customizable)
- Flexible wire summarization options
- Security on wire files and scripts
- Wire test files
- Security - Account approval option
- Security - Amount approval option
- Multiple transmissions in one day
- "One-Pass" payment selection filter
The eBanking Payment Selection filter can take one AP Payment Selection batch and create two or more - for SL computer checks and EFT computer and/or manual check batches.
- Optional Computer or manual check workflow
When using the eBanking Computer Check workflow, an SL computer check printed on plain paper.
When using the eBanking Manual Check workflow, an SL manual check created by the Payment Selection Filter.
- Flexible communications
- No intermediary clearinghouse required - deal directly with your bank
- File archiving
- Available on Microsoft Dynamics SL v5x, 6x, 7x and 2011
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