Electronic Funds Transfer (EFT)

Payment-Focused User-Defined Components

Extend Deltek Vantagepoint’s core functionality using advanced technical design, build & automation toolkit.

Electronic Funds Transfer (EFT)
N
Pay expenses without signing cheques
N
Retain control over expense approvals
N
With additional steps in existing process, EFT files are generated to upload to bank for processing
N
Converts US-only EFT files created by Vision/Vantagepoint for use by other banks:
  • Canada (CPA005, TD 80-byte)
  • Australia/Europe (ABA)
  • RBC USD payees
N
User-defined Hub, workflows, and scripts

Features

Reduce the time spent on administrative tasks and unlock the potential for processing an unlimited volume of payments through a straightforward and user-friendly process

Eliminate the need to have accountants tracks down signatories, mail out cheques, and manually reconcile the bank statement each month

EFT Process at a glance

Enter Expense/Voucher
Process Payments
Create EFT file
Convert EFT file
Upload to Bank

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