Enterprise Banking Solution
Extend your ERP with Strategic’s Enterprise Banking Solution (EBS), a collection of high-efficiency banking processes designed to automate certain banking transactions and complement QAD financial workflows. Your accounting team will thank you.
Automate Your QAD Financial Processes with EBS
Anytime you can reduce manual work, gain efficiencies, and reduce the risk from human errors, it’s a triple win. Strategic’s Enterprise Banking Solution (EBS) empowers business to integrate specific banking services into QAD to increase financial management efficiency and boost the speed transaction processing.
Benefits of Strategic EBS:
- Transfers financial data using advanced encryption and bi-directional communication
- Adapts quickly to requirement changes
- Streamlines workflow with built-in approvals and email notifications
- Supports more document types, handling a wide array of banking processes
- Provides flexible purchase options and free upgrades
Enterprise Banking Solution Components
- ACH and Wire Transfer
Pay suppliers electronically with both ACH and Wire Transfers that inform banks of the desired payment amount.
- Positive Pay
Prevent fraudulent checks from being cashed with EBS Positive Pay which sends check files to the bank so they know which have already been printed.
- AP Check Print & AP Check Export
Gain added security by enabling your bank to print the checks on their end via secure file transfer.
- Cleared Check Import
Flag your QAD ERP solution as suppliers cash their checks.
- Direct Debit
Send a request to the bank initiating a direct debit on a customer account to settle accounts receivable balances.
Automate your accounts receivable payment application using Lockbox or Bank Statement files with our AutoMATCH technology.
- Acknowledgement Import
Retrieve the status of your ACH/Wire/AP Check exports and update your ERP with those statuses.
- Bank Statement Import
Automate your bank statement reconciliation by importing the statement into your ERP.
- Save time and money by automating your business processes
Notify suppliers of ACH/Wire transfers via autogenerated emails
Experience an intuitive interface and user-friendly workflows
- Mitigate risk of fraud and errors
Reduce manual interaction with financial files
Improve accuracy with built-in validation
- Gain insights to inform business decisions and improve operational efficiency
View complete audit trails on supplier banking information
The time savings and efficiencies we gained from using Strategic’s Enterprise Banking Solution were dramatic. It really saves us a lot of time.”
Controller, Potrero Medical