Harvest Ventures' EFT (Electronic Funds Transfer) utility provides Macola users with the functionality to create EFT export files for any bank or currency.
Many companies want to eliminate the requirement to cut and send cheques to their counter parties. To facilitate this they will use Electronic Funds Transfer (EFT) functionality. EFT allows businesses to transfer money directly to a vendor’s bank account. This is done by generating an export file which instructs a bank to move funds from one account to another. Standard functionality in Macola limits EFT processing to US banks and currency. Harvest Ventures’ EFT utility provides Macola users with the functionality to create EFT export files for any bank or currency. It can also be configured for Automatic Clearing House (ACH) payments.
Features
This tool offers a simple to use interface with the flexibility to set up the mapping layout specific to your banking requirements
Transfers to vendor accounts are seamless and easy including options for emailing directly from the EFT utility with customizable messages
The utility can be launched from any Macola or Progression screen that suits your business process
International banks and currencies
Standard Macola EFT’s can only use USD and US Banks
Intuitive and flexible interface
An external interface that can be customized to your liking
Integrated into Macola
Can be accessed from within Macola for a seamless experience
The Intercompany Sales Order tool eliminates duplicate entries when you have two companies. This tool makes it so that users can seamlessly copy purchases and sales orders from the parent company into another company.
Harvest Ventures’ EFT (Electronic Funds Transfer) utility provides Macola users with the functionality to create EFT export files for any bank or currency.
Improve consistency and eliminate manual unit conversion. The additional information is stored in the Item Master and displays in various views and reports throughout Macola.
This tool is designed to speed up your entry of Accounts Payable (AP) vouchers clearing multiple Purchase Order (PO) receipts on a single screen. It streamlines your business by reducing manual AP vouchers.
