Streamline Multi-Currency Payments
Streamline your payment operations with Syspro’s Electronic Funds Transfer solution, designed specifically for manufacturers and distributors. It consolidates Accounts Payable and Cash Book transactions into secure electronic bank files, reducing fraud risk and eliminating manual processing costs. With support for adaptable bank formatting, you can confidently manage payments across global markets.
Because of Syspro’s Electronic Funds Transfer capabilities, manufacturers and distributors eliminate paper-based payment risks while significantly reducing operational costs.
Automate routine payment processing tasks to free up valuable resources for strategic activities.
Maintain complete transaction histories with detailed audit trails that support regulatory compliance and internal controls. Track all payment modifications and approvals with electronic signatures and security protocols.
Process payments seamlessly across US and Canadian markets with native NACHA and CPA file format support. Automated conversion to banking standards ensures compliance with ACH network requirements while eliminating manual file formatting tasks.
Flexible Supplier and Beneficiary Management
Maintain detailed banking information for suppliers and cash book beneficiaries with support for multiple payment methods per entity. Configure EFT requirements at individual supplier and bank levels.
Automated Payment Batch Processing
Create and manage electronic payment files by combining multiple suppliers and beneficiaries into single bank batches. Choose between detailed or summary posting options to match your financial reporting requirements.
Purpose-Built Bank Integration
Connect seamlessly with global banking networks through NACHA, CPA, and custom file formats. File-specific formatting capabilities ensure compliance while supporting unique business requirements across North American operations.
Advanced Security and Digital Controls
Implement enterprise-grade security through electronic signatures, role-based permissions, and field-level access controls. Assign specific authorization levels for payment creation, approval, and processing activities.
Seamlessly connect supplier payment workflows with automated EFT processing that eliminates manual tasks and accelerates payment cycles. Centralized banking details ensure consistent processing while supporting stronger supplier relationships through reliable, timely payments.
Enable comprehensive financial visibility through real-time beneficiary payment management.