Re: Paying suppliers using BACS

Hello Lee

We do this, and send faxed remittance advice too.

You don't say which version of S21 you're on; we're on 3.5.2b so things
may be different for you if you're on a later version.

We used  to have a BACS module, but this changed when Infor moved to
using EigerPay. Now we have an Eiger server and EigerPay clients. The
server does the actual transmissions, but the transmissions are
"prepared" by the clients. You will need to talk to your bank about
setting this up as they will supply secureid cards for signing the
payments.

You specify on the supplier profile how they are to be paid, and you
will need to get all their bank details: bank name, branch address, sort
and account code and payment reference. The payment run will then create
a file on the AS400 in the IFS, which is monitored for by the Eiger
server. This implies your AS400 is on a network and the IFS is
accessible to other servers. We run as a bureau as we process payments
for multiple companies within our group, so the server software can pull
together payments for more than one company into a single submission.
The nominated client user then electronically signs the file and sends
it to BACS over the internet. Once set up it's not difficult to manage.
However, Eiger is not cheap, and you might want to talk to your bank
about transmitting the payment file over the internet directly to them
using their internet banking facilities. Our bank can quite happily read
the file output by S21, so now it's down to cost per transaction to
decide if we move away from Eiger. 

In any case, talk first to your bank. Simply setting up S21 to send by
BACS and exporting the payment file may prove to be a cheaper option
that going the Eiger route, but it depends on the numbers of payments. 

Hope that helps.

David Dewick

-----Original Message-----
From: Lee Greenwood [mailto:[email protected]] 
Sent: 05 July 2011 15:58
To: System 21 Users (system21-Zwy7GipZuJhWk0Htik3J/[email protected])
Subject: [SYSTEM21] Paying suppliers using BACS

Hi,

We're going to change over paying suppliers from cheques to BACS (mainly
'cos we've run out of pre-printed cheques) and I'm just wondering if
anyone could explain what happens during the payment run. i.e. once
we've changed our suppliers payment method and have selected those to
pay, is there a file where the payment details such as supplier, bank
account, sort code and value are generated that can be downloaded into
our BACS system?

Thanks in advance,

Lee Greenwood
IT Manager - Titan Steel Wheels Ltd
Bridge Road, Cookley
Kidderminster, Worcs
DY10 3SD

Tel: +44 (0) 1562 850561


*********************************************************************
Titan Europe PLC
Registered in England No. 301 8340
Registered Office: Bridge Road, Cookley, Kidderminster, Worcestershire,
United Kingdom. DY10 3SD
*********************************************************************
Please note that the Company reserves the right to monitor both
incoming and outgoing e-mails and therefore the sender and recipient
of such e-mails should have no expectation of privacy in this regard.
_____________________________________________________________________
This message has been checked for all known viruses by Star Internet
delivered through the MessageLabs Virus Scanning Service. For further
information visit http://www.star.net.uk/stats.asp
_______________________________________________
This is the System 21 Users (SYSTEM21) mailing list
To post a message email: SYSTEM21-Zwy7GipZuJhWk0Htik3J/[email protected]
To subscribe, unsubscribe, or change list options,
visit: http://lists.midrange.com/mailman/listinfo/system21
or email: SYSTEM21-request-Zwy7GipZuJhWk0Htik3J/[email protected]
Before posting, please take a moment to review the archives
at http://archive.midrange.com/system21.

_______________________________________________
This is the System 21 Users (SYSTEM21) mailing list
To post a message email: SYSTEM21-Zwy7GipZuJhWk0Htik3J/[email protected]
To subscribe, unsubscribe, or change list options,
visit: http://lists.midrange.com/mailman/listinfo/system21
or email: SYSTEM21-request-Zwy7GipZuJhWk0Htik3J/[email protected]
Before posting, please take a moment to review the archives
at http://archive.midrange.com/system21.