primezone the amount of information that can be captured and exported from the EFT system means that it should cater for the requirements of banks in any country.User-defined fields and a custom form option enable the entry of additional information against suppliers, beneficiaries and banks. These are useful if a bank requires additional information which is not catered for by the standard EFT fields.
The benefits of Electronic Funds Transfer
The primezone Electronic Funds Transfer (EFT) system improves multi-currency payment efficiency and provides an accurate, current picture of your cash flow. Furthermore, it reduces the risk of fraud and transactional costs associated with beneficiary payments.The EFT system enables you to combine payments for both Accounts Payable suppliers and Cash Book beneficiaries into one bank batch file and choose whether to post Accounts Payable EFT payments to the Cash Book in detail or in summary. It enables you to create electronic payment files of disbursements which you can upload to your bank(s) for processing.