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 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.
Next Steps
