Efficiency
Multi Entity

Customers have said

“The B4B payments module makes light work of overseas payments and the staff are always commenting on its ease of use. We acheived return on investment within the first month of installation.”

Thomas Miller & Co Ltd

 

Electronic Payments - B4B Fact Sheet

 

Overview

B4B provides a link between the payables module within Infor FMS SunSystems or Microsoft Dynamics GP, and your bank for Electronic Funds Transfers (EFT) or internet banking.  It is not a BACSTEL-IP product.

 

What customers find useful in B4B
  • Inherently linked to SunSystems and GP ensuring a seamless link to the bank
  • Ability to amend bank details with approval path and update SunSystems/GP real-time
  • Email notification to defined approvers to authorise changes
  • Tight security within B4B plus PGP Encryption for HSBC
  • Approval control with role segregation for fraud prevention
  • Full systems audit and password control
  • Caters for all types of bank formats and supports CHAPS, Faster Payments, SEPA, BACS as formats/banks allow
  • A library of over 200 bank formats already available

 

Typical business challenges
Benefits of using B4B
  • Replacement of multi-bank system or manual payment system
  • Control over supplier payments
  • Lack of security
  • Single channel to payment banks
  • Cost savings on IT and personnel
  • Greater control and security

 

Click here to view the BACS Processing Calendar 2012

 

For more details click here to see our video or here to download a brochure of B4B as part of our Cash Desk solution.

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