EFT Implementation

tritland

We are looking at implemting EFT payments. Is the setup of Visual very difficult?
Is a third party recommended?
Please share implementation experience or recommendations.

Thanks,

unknown

Hi -- I never respond to these things but I know a little about this so you might as well benefit. Visual has pretty good electronic payment system. We are running 6.5.4 and I know they improved this function in newer versions. The first thing is to talk to your bank and get the spec for the upload file -- Visual can create flatfiles for upload to the bank. Also find out what happens when the EFT's are uploaded -- do they get held for you to release or immediately transmitted. The structure of the flatfile is defined under Application Global/Maintenance/Export Formats. Important to note that complex variables (formulas) can be included in the export format including SQL select statements. In Vendor Maint you set the vendor for Payment Method 'F' for File Export and you also enter the Vendors bank account information. Then when your AP creates payments they do a separate 'cheque run' for Vendors that are paid by EFT. These payments are in a flatfile that gets uploaded to your bank. It works pretty good. Can you do it yourself? Maybe. Depends on how much time you have and how well you know Visual.