QAD Enterprise Applications and Banking Integration

Posted on: September 19, 2018 | By: Andy Vitullo | QAD Financials

QAD Enterprise Applications software has embedded design to enable ERP Integration with a business’s financial institution.  Financial Transactions typically required for a business can be categorized to inbound and outbound settlement transactions they include:

 

Inbound

·         Customer Bank Deposits Applied to Open Accounts Receivable.

·         Bank Account Fees.

·         Supplier Checks Presented and Cleared by the Disbursing Bank.

Outbound

·         Supplier EFT payment Files

·         Supplier Check Payment Files

·         Positive Pay anti-fraud files.

 

The benefits of these bank integrations are twofold; Increases efficiency of your accounting team by eliminating the sundry tasks and transactions.  The result of this integration is a daily view of your cash balances via general ledger reporting. 

 

Is your organization looking for QAD installation, implementation, and support? If so, contact Logan Consulting for a consultation now!



Is Your Accounting Software Hurting Your Business?
Is Your Accounting Software Hurting Your Business?

Free Download:

Is Your Accounting Software Hurting Your Business?

Download the guide ›

Top 10 Inventory & Operations Decisions Distributors Are Making Blind
Top 10 Inventory & Operations Decisions Distributors Are Making Blind

Free Download:

Top 10 Inventory & Operations Decisions Distributors Are Making Blind

Download the guide ›

2020 Nucleus Research Report on ERP Technology

Free Download:

2020 Nucleus Research Report on ERP Technology

Download the guide ›