iSeries (AS/400): Payment Output Management

Electronic Payments- ACH Module

EZPayManager/400 ACH Module provides you with total control and award winning security for sending back office payments (such as payroll, accounts payable, T & E reimbursement, etc.)... electronically!

When combined with ACOM's EZPayManager/400 Laser Checks Module, users can chose to issue either paper checks or electronic ACH payments, on a case-by-case basis.

Here's How It Works

Your payment file is generated from your current iSeries financial application and sent to EZPayManager/400 where ACH payments (and laser check payments) are processed.
EZPayManager/400 ACH Module will allow you to selectively pay specific vendors/payees within your payment file via ACH.
The e-payment files are converted into a NACHA-compliant format that is transmitted to your bank for processing.

Reduce per check costs …up to 90%

The United States Treasury recently conducted a study comparing electronic payments to paper payments, and found these results:

The average cost per transaction was 22.5 times less for e-payments than for paper checks.
The payment inquiry rate was 32 times less for e-payments than for paper checks.
The average time to resolve inquiries was 24 hours for e-payments, versus 14 days for paper checks.

Features

Generates NACHA-compliant ACH file
Supports multiple payment types
Accounts Payable
Payroll
Pension and Annuities
Dividends
Insurance payments
Expense Reimbursements
Works with electronic notification to eliminate printing and mailing or remittance detail

Options

Batch printing module (multiple formats, from same print job)
eNotification Module (email and/or fax)
eArchive Module
CheckFraud Alert Module (send electronic “positive pay” files to your banks)
Selected Access Security
MICR printers engineered and supported by ACOM
Full-service Professional Services team for quick implementations and training
Easy-to-use Windows-Based Graphical User Interface Check/Form Design Module (EZDesigner/400)

Benefits

Save up to 90% per payment, as compared to paying by check.
Add significant convenience, efficiency and security features to your back-office applications.
Reduce mailing costs- no postage envelopes or mailing labels required.
Reduce labor costs- no manual printing, sorting, bursting, etc.
Improve cash management- know exactly when funds will be transferred out of your account(s) for payments.
Meet customer needs- many companies prefer to receive payments and documents electronically.
Extensive Web-based training at no charge.
Peace of mind with award winning security features

ACOM