Electronic Payment of your AP Checks:

 

Automate payment to your customers and vendors with Electronic Funds Payments and Funds Transfers

 

With employees, and sometimes key vendors,  you may need to quickly make payments on selected  AP vouchers.  Instead of mailing payments, why not electronically request your bank to transfer the funds directly to the receipent s bank account; and, optionally, email the vendor about the transfer being made.   This feature is especially beneficial for reimbursement of offsite employee and their expense reports payments.   There is a great solution by Sandler Kahne Software called: Electronic Funds Transfer with Positive Pay (AP EFT).  This product has been shipping for many years and the reviews are glowing.  For example:

American Heart Association, Dallas, Texas:
We have been using Sandler·Kahne Software’s AP Direct Deposit (AP EFT) product since 1997, and have found that it is an excellent fit for our purposes.  Our need was to promptly pay our employee expense reimbursements as well as efficiently pay the many research institutions we work with.  Currently, we are processing over 100 employee expense reimbursements each week with this product. Once each quarter we process over 1500 electronic grant payments to our research institutions via EFT.  With a few clicks of the mouse, our processed AP batches are formatted into the ACH format and electronically transmitted to our bank and the ACH network.
       NOTE:  American Heart Association honored Sandler·Kahne Software with their "Vendor of the Year" award for 2000!

Basically this product is an example of the expansion of the capabilities of the core Solomon product being expanded with the Solomon Toolkit and Visual Basic Code.  AP EFT provides automatic electronic funds transfer of your Solomon IV AP Checks to your vendors' bank accounts.  By separating your EFT vouchers into their own batch, you can easily transmit that batch of checks to your vendors via the national ACH system, and then print remittance advice slips or email them - your choice, by vendor. 

AP EFT includes its own communications software to fully automate the creation and transmission of the ACH file.  Optionally you may write the ACH file to a floppy diskette or use your own communications software.  With a few clicks of your mouse, your payments are formatted and sent to your bank.

Here is a sample of one of the processing screens for AP EFT:

 

 

To learn more about the product, check out the web site:  www.sksoft.com or give us a call to schedule a demo.  There is also a link to the product brochure:  ap_eft.doc