As a business owner, you know how difficult it can be to accurately manage and execute the regular transactions your company sends to multiple vendors that service your business. The ODT Electronic Funds Transfer add-on is now fully integrated and enhanced for Microsoft Dynamics 365 Business Central. It enables you to send batch payments to your Canadian and US Vendors in CAD or USD through any Canadian bank.
ODT EFT is one complete cloud-based system that is simple to use and extends the power of Dynamics 365 Business Central. By using the standard Business Central data exchange framework and data definition, ODT EFT provides an easy solution for EFT, supporting one or more bank accounts with multiple EFT export formats and different currencies.
Once your Bank Account card has been set up for your chosen bank, the EFT process is virtually identical to the standard NAV process of sending EFT to the Royal Bank of Canada. The add-on runs through a wizard, telling the system what bank you use and what type of payments you would like to send. The system then sets up and validates any new information entered. Be aware that the EFT formats do not support Demand Credits, only Demand Debits and ODT EFT is used to pay vendors, not the other way around.
Features and benefits of ODT EFT:
Click the Free Trial button for a more seamless Electronic Funds Transfer experience. Learn more about ODT EFT here: https://www.opendoorerp.com/products/our-apps/eft/
Essentials and Premium editions of Dynamics 365 Business Central
English and French (Canada)