ADS Electronic Funds Transfer (EFT)

Electronic Fund Transfer (EFT) can offer several benefits when integrated with Microsoft Dynamics 365 Business Central, a comprehensive business management solution.

Here are some of the key advantages:

1. Efficiency and Automation:
- EFT streamlines financial transactions by automating the payment process. It eliminates the need for manual check printing, signing, and mailing, saving time and reducing human error.

2. Improved Cash Flow Management:
- EFT allows you to schedule payments, helping you better manage your cash flow by ensuring that payments are made on time and in accordance with your cash flow forecasts.

3. Enhanced Security:
- EFT transactions are typically more secure than paper checks. They use encryption and authentication protocols to protect sensitive financial information, reducing the risk of fraud.

4. Better Compliance:
- EFT transactions often provide detailed electronic records, making it easier to track and report on financial transactions for compliance purposes.

5. Vendor and Employee Satisfaction:
- Timely payments through EFT can enhance relationships with vendors, leading to potentially favorable terms and discounts. For employees, EFT can improve payroll accuracy and timeliness.

Major Functionality:

-Audit trail

-Activity log

-Export Payment file format for Giro, Interbank, Rentas, JomPay, TT

-Import Bank Return File

-EFT Bulk Payment Review Report

Supported Editions:
Dynamics 365 Business Central Essential

Dynamics 365 Business Central Premium

Supported Countries:

Malaysia

Supported Language:
English