Payments for Accounting Seed
From approved Payment Proposal to bank-ready ISO 20022 file
Payments for Accounting Seed turns approved electronic Payment Proposals into controlled pain.001 payment files.
Modern payment-file generation
The generator processes Payment Proposal lines in the background, validates the data and stores the resulting XML file against the proposal in Salesforce.
ISO 20022 support
Supports pain.001.001.03, pain.001.001.09, SEPA and international or non-SEPA payment routes.
Mixed payment groups
Separates SEPA and non-SEPA transactions into the appropriate groups within a payment file.
Flexible bank accounts
Supports IBAN, local accounts and other accounts using BIC/SWIFT or clearing information.
Controlled beneficiary-bank data
Central register
Beneficiary bank accounts can be connected to suppliers, contacts and employees.
Approval separation
Authorised users maintain bank data while designated approvers control activation.
Deterministic selection
Generation stops when no approved account or more than one active account is available, preventing arbitrary selection.
Validation and scalable processing
Before generation
Checks approval, electronic-payment status, execution date, payer information, beneficiary data, amounts and currencies.
Clear errors
Problems are recorded on the Payment Proposal and, where relevant, on individual payment lines.
Safe completion
Only complete files are offered. Successful files are stored in Salesforce and the user is notified when processing finishes.
Operational note: A technically valid payment file is not automatically accepted by every bank. Each relevant bank, account, currency and payment route should be tested before production use.
Developed by Arctix Solutions. Commercially available through ArtixNova.
For demonstrations, licensing and implementation enquiries, contact ArtixNova.