Direct Debit/EFT for Receivables Management
| Product Name: | AR Electronic Funds Transfer |
| Product Version: | 1.0.0.2 |
| Works with: | Microsoft Dynamics 365 Business Central |
| Purchase Price: | $199/Month |
Product Summary
The Accounts Receivable Electronic Funds Transfer App was built to add Direct Debit/EFT for Receivables Management functionality to the North American version of Microsoft Dynamics 365 Business Central.
Additional Detail
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View on Microsoft AppSource |
Why EFT for Receivables?
EFT is Electronic Funds Transfer. Money is transferred directly between banks, removing the need for a physical check to be sent and received to start the transfer of money. This enables the direct receipt of payments from your customer’s bank accounts. No need to wait for a customer to make check run or wait for the check in the mail. Entries are made directly in Microsoft Dynamics 365 Business Central and the EFT file are generated and are then available uploaded to your bank.
Features
- Defining banks and their EFT file format for each bank
- Assign a bank to each customer
- When processing customer payments, EFT files are automatically generated from Microsoft Dynamics 365 Business Central
