Sandler*Kahne eBanking Suite for Microsoft Dynamics SL August 16, 2006 - 10:30 AM EST As electronic banking services become increasingly widespread, you'll want your Microsoft Dynamics SL system to provide you with the tools needed to take advantage of this technology. The modules available in Sandler*Kahne's eBanking Suite for Microsoft Dynamics SL will help you reduce your costs through automation, along with providing improved security and fraud protection. Modules include: A/P Electronic Funds Transfer The AP EFT module provides automatic transfer of funds from your Accounts Payable checking account(s) to your vendors' bank accounts. This ACH (Automated Clearing House) Credit system will eliminate the time consuming process of printing, signing, stuffing and mailing A/P checks. What had previously taken hours, now takes minutes. Whether streamlining payments to your vendors, reimbursing employees for their expenses, or paying your taxes, AP EFT is the solution. A/R Electronic Funds Transfer Seamlessly integrated with your Accounts Receivable module, AR EFT gives you the ability to debit a customer's account electronically. Use this ACH debit system to create and send an electronic file to your bank with instructions to make a withdrawal from your customers' account and deposit the funds into your account. If you have recurring accounts receivable or pre-arranged contracts, then AR EFT is just what you're looking for. Positive Pay Reduce your exposure to unauthorized paper checks through Positive Pay. This check fraud protection feature is required by a rapidly growing number of banks across the United States. As part of your normal check printing process, Positive Pay will produce an electronic file, and then transmit it to your bank. The bank will only honor the checks that are identified in the electronic file. Lockbox Processing If you are using a lockbox service to collect checks from your customers, this module will process the electronic file that you receive from your bank. Where included remittance information is complete, cash receipts will be automatically applied to invoices. For those cash receipts where the matching document is questionable, use the payment application workbench to match the cash receipt to the appropriate invoice. In any case, since you don't have to enter each of the transactions individually, you will save time and money through better efficiency and security. Wire Transfer Plus Similar to AP EFT, Wire Transfer Plus will accommodate you where your need is to pay your vendors via foreign or domestic wires, as opposed to the US ACH system. [Back]