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

  • Create 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
  • Supports 800+ bank formats, from 80+ countries, with others created on request
  • Supports domestic payments, cross-border payments, positive pay, prenotes, WIRE, NACHA, CPA005, SEPA, SEPA Direct Debit, ISO20022, BPAY, etc

EFT Bank Details

  • Vendor, Customer, Employee, and Bank banking details are held by EFT Processing within Sage Intacct
  • Supports user-definable screen labels to reflect bank terminology

Security Features

  • Supports direct upload of EFT files your bank via SFTP
  • Extensive audit logs of EFT files created, as well as changes to banking details
  • Uses Industry-leading WebAssembly technology, so mapping of your banking information takes place within your environment, not on a 3rd party site

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
  • Field labels and messages in the user’s language preference (English or French

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

There is no excuse for a business not to utilize EFT when we have Orchid solutions.

MARK CARSAN, Senior Business Consultant, BAASS Business Solutions, 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

EFT Processing for Sage Intacct Brochure
EFT Processing (Sage Intacct) Brochure
Using Orchid EFT for Sage Intacct (AP Payments)

We demonstrate using EFT Processing for Sage Intacct, from Orchid Systems, for AP Payments. (See our other videos for use with AR and Employee Expenses.)

00:00 Introduction & Overview
03:41 How EFT Processing works
06:58 Demo - EFT for AP Vendor Payments
17:01 EFT Configuration
19:01 More Info & Closing Remarks
Using Orchid EFT for Sage Intacct (AR Direct Debits)

We demonstrate EFT Processing for Sage Intacct, from Orchid Systems, for AR Payments (Direct Debits). (See our other videos for use with AP and Employee Expenses.)

00:00 Introduction & Overview
03:41 How EFT Processing works
07:45 Demo - EFT for AR Payments (Direct Debits)
15:26 Create Receipts
19:08 More Info & Closing Remarks
Using Orchid EFT for Sage Intacct (Employee Expenses)

We demonstrate EFT Processing for Sage Intacct, from Orchid Systems, for Employee Expenses Reimbursements. (See our other videos for use with AP and AR Payments.)

00:00 Introduction & Overview
03:41 How EFT Processing works
07:40 Demo - EFT for Employee Expenses
15:22 EFT Configuration
17:44 More Info & Closing Remarks
Create AR Payments (with EFT Processing for Sage Intacct - Spotlight)

Learn how to create AR Payments from a selected range of AR Invoices in Sage Intacct using Orchid's EFT Processing module.

00:00 Intro & Overview
01:52 EFT Create Receipts
04:39 EFT AR Payment Request selection
06:20 EFT Customer & Bank configuration
07:32 Wrap-up
Is the cheque the next dodo?
Is time up for the humble cheque?
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.
 
Canada Games
Re-keying each payment into their banking software is now a thing of the past at Canada Games, thanks to Orchid's EFT Processing for Sage Intacct.
EFT Processing (for Sage Intacct)