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:
· Customer Bank Deposits Applied to Open Accounts Receivable.
· Bank Account Fees.
· Supplier Checks Presented and Cleared by the Disbursing Bank.
· 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!
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