EFT Processing

Streamline Sage Intacct payments & receipts using Electronic Funds Transfer

"The support we receive from Orchid is top notch, and the Return on Investment was pretty much immediate."

JIM BROMILOW, CORPORATE CONTROLLER, GRANT THORNTON LLP, CANADA

Multiple efficiency and security benefits

A quick ROI, thanks to savings on stationery, handling, postage, and bank transaction fees
  • Process automation lowers costs while improving efficiency and accuracy
  • Save time and reduce errors by avoiding duplicate data entry
  • Reduce fraud exposure by eliminating paper cheques
  • Streamline positive pay file processing where cheques are still needed
  • Uses Industry-leading WebAssembly technology for secure data mapping
  • Detailed audit logging for added security

EFT Processing Features

EFT File Creation & Bank Details

  • Creates EFT Payment and Direct Debit files in the format required by your bank
  • Integrated with standard Sage Intacct payment and receipt processing routines
  • Supports AP Payments, AR Payments, and Employee Reimbursements
  • Bank, Vendor, Customer, and Employee banking details are held within Sage Intacct by EFT Processing
  • Supports user-definable screen labels to reflect bank terminology
  • Extensive audit logs of all EFT Files created, plus all changes to banking details, for extra security

Bank File Formats supported

  • Already supports 800+ bank formats, from 80+ countries
  • Supports user-definable bank formats
  • Supports domestic payments, cross-border payments, positive pay, prenote, WIRE, NACHA, CPA005, SEPA, ISO2022, BPAY, etc
  • If the format you need is not currently supported, Orchid Systems can create it

WebAssembly for added Security

Orchid’s EFT Processing mapping engine utilises industry-leading WebAssembly technology:

  • Adopted by major technology industry players for its security and performance benefits
  • Securely and efficiently translates your confidential Sage Intacct payment information to the layout required by your bank
  • Mapping takes place within your environment, not on a 3rd party site, ensuring your confidential banking information is kept as secure as possible

A Sage Intacct Module

  • Developed in the Sage Intacct environment, providing the familiar Sage look & feel, plus standard security and customization capabilities
  • Stores all data within Sage Intacct
  • Integrates seamlessly with Sage Intacct Accounts Payable, Accounts Receivable, and Employee Reimbursements
  • Features support for the automatic creation of AR Payments in bulk for selected AR Invoices

Cost savings add up to a quick ROI

  • Reduced bank transaction fees
  • No more expensive paper cheque stationery
  • Reduced printing, handling and postage costs
  • Automatic EFT file creation avoids duplicate data entry

Testimonials

Orchid's EFT is a great product. It reduces costs, while also removing the risk of check/cheque fraud.

PAUL FIELD, NET@WORK, WINDSOR, ONTARIO, CANADA

We LOVE your EFT Processing product. The reduction in checks has made our lives so much easier. I am so grateful!

KAREN ROBERTS (CPA), CONTROLLER, 14 WEST, USA

Integration with the banks is one of Orchid's main strengths. They do an excellent job of customizing.

JIM BROMILOW, CORPORATE CONTROLLER, GRANT THORNTON LLP, CANADA

Orchid produces great products. Highly recommended.

BRUCE GOLDING, PRESIDENT, ACUMEN INFORMATION SYSTEMS, NB, CANADA

Product Screenshots

Minimum
Requirements

  • Features relate to the latest supported version.
  • EFT Processing for Sage Intacct requires Sage Intacct Platform Services and Web Services.

How to buy

Talk to your local Sage partner Send message

International Contacts

Please contact us directly if your business is in the UK, Europe or other regions not listed here. 

North/South/Central America and the Caribbean

Robert Lavery 

Phone: (416) 453-7876
Email: Robert.lavery@sympatico.ca

Address:
Robert Lavery & Associates
14 Woodway Trail
Toronto, Ontario CANADA M8Y 2B8

Asia Region

A-Plus Software Limited (ID#82011633)

Phone: + 852-2366 8392
Email: info@a-plussoft.com
Website: www.a-plussoft.com/en/orchid.php

Address:
5/F Goldsland Building
22 Minden Avenue, Tsim Sha Tsui,
Kowloon Hong Kong

Australia and New Zealand Region

Sage Software Australia - Business Management Solutions (ERP & CRM)

Phone: 137 243 (13 SAGE)
Website: https://www.sage.com/au

Level 11, Zenith Tower B,
821 Pacific Hwy,
Chatswood NSW 2067

Africa Region

Sage South Africa (Pty) Ltd

Phone: +27 11 304 3000
Website: https://www.sage.com/za


6th Floor, Gateway West
22 Magwa Crescent
Waterfall 5-lr, Midrand, 2066

Middle East Region

Sage Middle East

Phone: +971 43900180
Website: https://www.sage.com/en-ae/support/contact-us

Office No. 118 Building No.11
Dubai Internet City (DIC)
Dubai, PO Box 500198
United Arab Emirates (UAE)

Learn More

Is the cheque the next dodo?
Is time up for the humble cheque?
Fri, 02 Dec 2022
The paper cheque has a long history, but is it going the way of the dodo? We take a look at some of the global trends.