Electronic Payments- ACH Module

EZPayManager/400 ACH Module provides you with total control and 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 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)