EFT Processing
EFT File Creation
Creation of EFT Payment & Direct Debit files are based on the standard Sage 300cloud payments processing routines.
Bank File Formats
EFT Processing supports formats for hundreds of banks around the world, and additional formats can be created by Orchid Systems upon request.
EFT Receipts
EFT Processing supports not just payments, but also receipts by Direct Debit. Ideal for recurring payments such as rentals or subscriptions.
Emailed Remittance Advices
Remittance advices can be emailed, using standard Sage 300 functionality, to EFT-specific Customer/Vendor/Employee email addresses.
EFT for Payroll (US & Canada)
The Payroll edition of EFT Processing lets you generate EFT payments from Sage 300cloud US & Canadian Payroll modules. It also supports the emailing of remittance advice, T4 and Releve 1 documents.
Security Features
Bank account details can be encrypted, with only masked versions displayed. 2-Step approvals and audit logging for changes. Optional password protection for emailed remittance advices.
Where to find other features
This site provides just a summary of high-level features. For a more complete list consult the Orchid Systems website using the Learn More links.