What it is?

RA Bank Integration bundle enables customers to process the bill payment to vendors, Auto bank reconciliation and get bank statements and real time balances.

Key Benefits

• Detailed Bank Setup Separate setup for bank details to manage your financial information accurately.
• Comprehensive Bank Account Information Separate tabs for bank account information, including Bank Name, Account Number, Routing Number or Swift Number, and Nature of Account on customer and vendor records.
• Payment Limit Field Enter a maximum amount for payments to ensure controlled and secure transactions.
• Inactive Functionality Mark accounts as inactive to prevent any transaction processing, keeping your records clean.
• Approval Routing Set up approval routing and select users who can review, approve, edit, or reject payments for collections and payments.
• Bulk Approval Process all transactions at once with bulk approval functionality, streamlining your workflow.
• Processed Transactions Information Separate information tab for processed transactions, displaying Tran ID, Date, Account, Amount, and Response, along with the status of paid, unpaid, and failed transactions.
• Payment Processing Records Maintain separate records for different types of payments, such as bill payments and payroll payments.
• Advanced Refund Management Manage refunds with advanced filters like Bank Account, A/P, Transaction Type, Vendor/Employee Name, and Due Date from/to, ensuring efficient processing.
• Daily Bank Statement Generation Easily generate or retrieve daily bank statements from the bank to reconcile daily transactions with reconciliation rules.
• Customizable Payment Email Templates Customize email templates to send notifications to vendors, ensuring professional and consistent communication.
• Bill Payments Efficiently process bill payments to vendors, reducing manual effort and errors.
• Payroll Payments Manage payroll payments seamlessly, ensuring timely and accurate salary disbursements.

Key Features

• Automated Bill Payments
• Auto Bank Reconciliation
• Real-Time Bank Balances
• Detailed Bank Setup
• Bank Account Information Tabs
• Inactive Functionality
• Approval Routing and User Selection
• Processed Transactions Information
• Payment Processing Records
• Daily Bank Statement Creation

Reachware

Reachware is an integration platform in which many individual subsystems are combined into a single, larger system allowing the subsystems to work together. Reachware allows any SaaS systems such as NetSuite, Revel, Vend, Xero, Magento, Zed, Qoyod, Shiji PMS, or any other product to achieve the overall functionality required by the organization.

In most organizations there is a need to improve the efficiency and thus the productivity and quality of their operations, so their goal is usually to get the different applications and systems to communicate with each other to avoid the time and effort involved in manually operation with other systems of the organization. With Reachware, organization will see increased information flow speeds and higher process automation as well as lower operating costs.