Process Payments Faster with SFM SEPA Module
May 31, 2021
Over the past few years, local banks have been developing their technology to provide better security access for online banking. However, the process is becoming ever-complicated with additional steps required to set up payees and authorise the payments.
Processing payments through a bank’s internet banking portals costs you and your employees’ valuable time as they are required to set up and maintain a profile for each supplier or payee in both the accounting system as well as the online banking system. This includes manually inputting the payments one by one which then have to be authorised by the top executives either by scanning or keying-in an authorisation code for payment. Needless to say, this also increases the risk of keying errors by employees copying the data from the accounting system.
How can the SFM SEPA Module help you?
With the SFM SEPA module you are able to authorise all payments in one click, with access to the details, and the payment file required by your bank is automatically generated. While reducing the time required for top executives to process the payments, the payment runs are all fully audited, including the maintenance of IBAN numbers.
Interested in finding out more about the SEPA module? Our team has prepared a quick demo video for you, so you can see the full value of how it works and how easy it is to use!
Ready to start saving time and money when issuing payments?