Do you make payments to vendors electronically? If so,
which ones? What are the benefits and challenges to do so? What
legal documents do you need? And how do you interface SSIS and IFs
payments accordingly?
--
Scott Nagel
Fiscal Manager
Des Moines Valley Health and Human Services
Jackson, Minnesota 56143
507-849-7281
2 comments:
At MNPrairie we do allow electronic (ACH) payments to vendors. We set them up in our IFS accounting system. SSIS batches go through IFS so it picks up the information. It is an advantage to the vendors because they get their payment in the bank the same day instead of the check being mailed on that day. Also you go through less check stock, don't have to stuff as many checks and don't lose checks in the mail. When they give you their email a remittance advice is emailed to them with the payment information. You do need to create two batches, one for organizations and one for individuals or the bank will reject it. Not sure why...but that is how it works.
We do this in Anoka County via Wells Fargo. With a combined file to the bank we can pay vendors via 1) EFT/ACH 2)Credit Card 3)Bank Printed Checks. Both US Bank and Wells Fargo have this program. We do not use IFS so I cant speak to any system configurations that would need to allow this.
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