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EFT (Electronic
Funds Transfer)

Harvest Ventures' EFT (Electronic Funds Transfer) utility provides Macola users with the functionality
to create EFT export files for any bank or currency.

Create EFT export files for any bank or currency

Many companies want to eliminate the requirement to cut and send cheques to their counter parties. To facilitate this they will use Electronic Funds Transfer (EFT) functionality. EFT allows businesses to transfer money directly to a vendor’s bank account. This is done by generating an export file which instructs a bank to move funds from one account to another. Standard functionality in Macola limits EFT processing to US banks and currency. Harvest Ventures’ EFT utility provides Macola users with the functionality to create EFT export files for any bank or currency. It can also be configured for Automatic Clearing House (ACH) payments.

Features

  • This tool offers a simple to use interface with the flexibility to set up the mapping layout specific to your banking requirements
  • Transfers to vendor accounts are seamless and easy including options for emailing directly from the EFT utility with customizable messages
  • The utility can be launched from any Macola or Progression screen that suits your business process

International banks and currencies

Standard Macola EFT’s can only use USD and US Banks

Intuitive and flexible
interface

An external interface that can be customized to your liking

Integrated into Macola

Can be accessed from within Macola for a seamless experience

Emails options to your bank

Customizable messages and options to your banks

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