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Peresoft NetXpress News                       1 February 2005

Impressive EFTXpress Sales

Over the past few months we have noticed a substantial increase in the interest expressed in, and sales of EFTXpress for Cashbook. 

We invite all Peresoft Solution Providers who have not yet familiarised themselves with the benefits of EFTXpress to download and install their Demo copy. Full activation details have been generated for all Peresoft Solution Providers and is available in the SupportPlus section of the Peresoft website.

EFTXpress is an add on product which enables Cashbook users to select EFT as a Cashbook batch type. Payments retrieved from Accounts Payable into Cashbook can also be assigned an EFTXpress batch type. During posting of the EFT batch an EFT file is generated in the specific format your bank requires to process the EFT payments.

Once your bank has processed the EFT payments, EFTXpress imports the Reference Numbers generated by your bank. EFTXpress will match these payment entries to the EFT transactions in the Cashbook and update the Reference Numbers in the Cashbook Bank Reconciliation to facilitate reconciliation to your bank statement.

The list of bank formats available for EFTXpress is increasing all the time as more and more users provide Peresoft with their EFT bank formats to take advantage of EFT functionality. Provide us with your EFT bank format and we will add it to the list of formats already available.

Consult the Features in EFTXpress page for a detailed explanation of EFTXpress functionality, as well as the EFTXpress EFT Bank Formats page for the latest list of available Bank Formats. 

Rely on EFTXpress for fast efficient electronic funds transfers.