This demo video introduces SYSPRO’s new in-built solution for generating NACHA and CPA-compliant electronic fund transfer (EFT) files, designed specifically for the North American market. It showcases how businesses can streamline their payment processes by automating the transformation of EFT data into standardized formats required by financial institutions. The video walks through the setup, customization, and execution of EFT batch payments, highlighting how this feature enhances efficiency, accuracy, and compliance.

Topics

• Introduction to NACHA and CPA EFT File Formats: Overview of the standards and their importance in North American electronic payments.

• EFT File Format Maintenance Program: How to define, customize, and manage EFT file formats using predefined templates and flexible mapping options.

• END—to—End Payment File Creation Process: Step-by-step demonstration of generating and exporting EFT payment files using SYSPRO’s existing Payment Cycle and Extract Programs.

• EFT File Format Maintenance Program: How to define, customize, and manage EFT file formats using predefined templates and flexible mapping options.

Insights

• Predefined Templates Simplify Setup: Operators can quickly configure EFT formats using shipped templates, reducing setup time and complexity.

• Flexible Mapping for Future-Proofing: Users or SYSPRO partners can adapt file formats to meet evolving NACHA/CPA requirements without central development involvement.

• Secure and Controlled File Exporting: Export locations can be restricted by user role, ensuring secure handling of sensitive payment data.

• Operational Efficiency and Accuracy Gains: Automating EFT file generation reduces manual errors, accelerates payment cycles, and supports early payment discounts.