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AP International ACH/Wire Processing
Processing international electronic payments can be done automatically using this module. Similar to the AP EFT module for domestic electronic payments, this module supports the International multiple payment order message standard known as PAYMUL  
Compatible With: Sage 500 ERP [MAS 500], Versions 7.05 , 7.2
Created by:

Starting at $5,000
Up to $10,000


DetailsProduct SpecificationReviewsAdditional Documents

Processing international electronic payments from within Sage MAS 500 can be done automatically using this module. Similar to the AP EFT module for domestic electronic payments, this module supports the International UN/EDIFACT multiple payment order message standard known as PAYMUL and which is supported by banks such as HSBC. Multiple currencies and locations can be supported including Hong Kong, Singapore, Europe, etc. Specific geography and bank requirements can be added with consulting services.

 

Electronic payments can be made as ACH transactions or Wire transactions and a file can also be created for check printing by the bank when the bank is providing Check Outsourcing (COS) services for a company. All necessary international banking information can be defined including Intermediary bank, Beneficiary and Advising information, and local language character sets are supported where certain data fields are required to be in the local language, such as Chinese.

 

Built with the Sage MAS 500 Framework, AP International ACH/Wire Processing provides the same rich graphical and ease-of-use features found throughout MAS 500. Integration with MAS 500 is achieved with Customizer, extending functionality while minimizing code changes.

 

Use for both Domestic and International Payments

 

This module is perfect for businesses with both domestic and international electronic payment processing requirements. The PAYMUL standard supports Asia, Europe, US, Canada, Mexico, and other locations.

 

Process Wires (High Value Payments—HVP)

 

Wire transactions, also known as High Value Payments (HVP) can be processed electronically

 

Process ACH (Low Value Payments—LVP)

 

ACH transactions, also known as Low Value Payments (LVP) can be processed electronically

 

Advising Information

 

Include beneficiary, intermediary, and advising information for email, fax or other notification to the recipient when processing cross-border payments.

 

Process Check Outsourcing (COS)

 

When physical check printing is required, the COS or Check Outsourcing format provides a means to send the bank a file to print and even deliver checks locally.

 

Tight Integration with Accounts Payable

 

Process AP payments normally in Sage MAS 500. In place of printing checks, a properly formatted PAYMUL file will be generated to be transmitted to the bank.


Industries: Non-Industry Specific

Business Needs: Check Processing, EDI, Vendor management