EFT Processing, from Orchid Systems, creates EFT Payment and Direct Debit files in the form required by your bank.
File creation is integrated into the standard Sage Intacct payment and receipt processing routines.
Over 800 bank formats from 80+ countries are already supported. New formats can be quickly created on request.

Key Benefits:

Efficiency & Security Benefits

• A quick ROI, thanks to savings on stationery, handling, postage, and bank transaction fees.
• Save time and reduce errors by avoiding duplicate data entry.
• Reduce exposure to fraud by moving away from paper checks or streamlining positive pay file processing.

EFT File Creation & Bank Details

• Creates EFT Payment and Direct Debit files in the format required by your bank
• Supports AP Payments, AR Payments, and Employee Reimbursements
• Integrated with standard Sage Intacct payment and receipt processing routines
• Bank, Vendor, and Customer banking details are held by EFT Processing
• Supports user-definable screen labels to reflect bank terminology
• Extensive audit logs of EFT files and transactions created, plus banking details changed, for extra security

Bank File Formats supported

• Already supports 800+ bank formats, from 80+ countries
• Supports user-definable bank formats
• Supports domestic payments, cross-border payments, positive pay, WIRE, NACHA, CPA005, SEPA, ISO20022, BPAY, etc.
• We are frequently adding new formats, or updating existing ones
• If the format you need is not currently supported, Orchid Systems can create it

WebAssembly for added Security

Orchid’s EFT Processing mapping engine utilizes industry-leading WebAssembly technology:

• Adopted by major technology industry players for its security and performance benefits
• Securely and efficiently translates your confidential Sage Intacct payment information to the layout required by your bank
• Mapping takes place within your environment, not on a 3rd Party site, ensuring your confidential banking information is kept as secure as possible

A Sage Intacct Module

• Developed in the Sage Intacct environment, providing the familiar Sage look & feel, plus standard security and customization capabilities
• Stores all data within Sage Intacct
• Integrates seamlessly with Sage Intacct Accounts Payable, Accounts Receivable, and Employee Reimbursements
• Features support for the automatic creation of AR Payments in bulk for selected AR Invoices

Requirements:

Price:
From $1,500 p.a. ($1,000 for Core + $500 each for AP/AR/EE as required)

Integration Approved Countries:
Australia; Canada; South Africa; United Kingdom; United States