DbBACS-iP
Enterprise-wide Electronic Funds Transfer
By transferring funds electronically with DbBACS-iP, routine business administration tasks can be streamlined, and valuable savings of time and money can now be made.
Secure electronic funds transfer is of ultimate importance for any organisation today, and peace of mind comes from having secure, efficient systems, which ensure that fraud is eliminated. Tightly integrated into all the major Accounting and ERP systems, DbBACS-iP is highly secure, proven and very easy to use.
Automated electronic payments and collections include:
- Supplier Payments
- Salaries & Wages
- Direct Debits
Improved Business Efficiency
DbBACS-iP users report greatly increased efficiency throughout the organisation, as traditional methods of funds transfer are now streamlined by using e-commerce solutions. A true multi-user system, DbBACS-iP enables any number of authorised users to process BACS transmissions directly from their own desktop.
Time Savings
Substantial time savings are achieved, with no more cheques to print, sign or post. Just a few mouse-clicks and all payments, etc. will be automatically sent electronically - in seconds. For easier reconciliation, only one entry per transmission appears on the bank statement.
Cost Savings
Vastly reduce administrative and management costs, as well as bank charges. Postage and handling costs are eliminated, as is expensive pre-printed cheque stationery. As a result of implementing DbBACS-iP, users find it much easier to negotiate increased supplier discounts because of more efficient funds transfer. For multi-site organisations, authorised users can submit BACS transmissions through one central BACS server engine - dramatically reducing costs whilst providing greater security and simplifying support.
Security
Eliminating cheques also eliminates the possibility of internal and external cheque fraud. Vastly improve security by restricting access to confidential & sensitive information. User-profiling offers the facility to enable one user to prepare a submission, one to queue it ready for transmission and yet another to action it with a BACS password. The system automatically blocks transmissions where individual record or transmission totals exceed pre-defined values for the specified profile. Full audit trails are provided for total peace of mind.
Compliance
Automatic archiving of all transactions together with full audit trails helps ensure corporate compliance.
Fast Payback
The dramatic savings in transaction charges, stationery and labour costs mean that DbBACS-iP typically pays for itself in just a few months. Automatically sending out the associated remittance advices with other products from Version One's suite of e-business software modules - DbFax and DbMail - will provide even greater savings.
Tightly integrated into all major Accounting and ERP systems, DbBACS-iP offers the following features:
- Available on UNIX, Microsoft Windows 2000, Windows XP and Server 2003 platforms
- A true enterprise-wide solution that can be invoked from any authorised workstation on the network
- Automatic invoking from within core business applications
- Highly configurable
- Approved by BACS to the highest level
- Configurable profiles enabling users to have different authorisation levels and pre/post transmission procedures and reports
- Account & Sort Code modulus validation
- Industry Sort Code Directory validation
- Automatic archiving of all transactions
- Audit log of all actions, submissions & configuration changes
- Bureau transmission facility
- Comprehensive test facilities
DbBACS-iP Brochure
Electronic funds transfer solution
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