Electronic Funds Transfer Canada

• Better cash flow management and forecasting capabilities. When you know your business has other reliable predictable cash flow coming in the planning becomes a whole lot easier and a whole lot less stressful.
• Less operating expense related to collecting/ writing cheques, manual data entry and time spent reconciling accounts. Go ask someone who works in the collections process how much fun it is to pick up the phone to call someone you need to ask for payment.
• Speed up your payables cycle and take control over when credits/debits post to your bank account. Once more business planning gets a whole lot easier.
• Get alert for denied payments. Most often, you need to address payment rejections by hand. This is particularly relevant when trying to work with a bank’s Canadian EFT capabilities. Frequently these can take a week or more to get a determination back on.
• Prevent lost and stolen cheques. Most importantly, by moving money electronically you mitigate the risk of paper cheques being misplaced or even stolen.
• Reduce the incidence of cheque fraud and forgery risk. Once more risk is lowered and mitigated with the use of less paper cheques.
• Maintain the flexibility of your operating businesses but centralize visibility and control of dollars. Automation and systems is the magic sauce to achieving that explosive, scalable growth. An automated Canadian EFT solution A significant business development boon
• Minimize service charges paid by employees and banks. Not only are lost bank trips a huge bottom line drag on your business but paying per check fees are as well. A Canada ACH solution takes care of these repetitive and time-consuming steps manually while keeping you compliant.
• Sophisticated Payment Deposit Reconciliation tools allows you to reconcile payments deposits directly in your payment reporting suite. The ACH API provider majority do not provide this deep level of reporting visibility either.

Canadians ACH Integration creates a new avenue for SaaS platforms. This powerful integration goes beyond providing a more useful and engaging solution for end-users. It opens up new revenue opportunities.