Our AP department is wanting to start using the IAT payment type for payments to foreign vendors. Currently we do Wire Transfers and our volume has increased significantly over the past year, so that is getting cost and time prohibitive.
We use MHC to process all of our Check and EFT payments.
From what I understand, it's just a different type of ACH, so in Lawson we just create a new payment code for an Electronic Payment, and then have MHC code it to fit the IAT file format?
Just want to make sure I get everything set up in Lawson correctly before contacting MHC.
Thanks in advance.
