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Payment file for bank - all payment types

  • 1.  Payment file for bank - all payment types

    Posted 3 days ago

    We're looking into a payables solution with our bank, where we send them a file with all of our payments, and they handle the disbursements.  This file would include checks, EFT, and wires.  I know GP has a module to create an EFT file, but what's the best way to create a file for all payment types?  I know Mekorma has a product for payables, but my understanding is that the file gets processed through their partner ACOM, not sent to our bank (I could be wrong).


    Miriam Retter
    Assistant Controller
    The Harry & Jeanette Weinberg Foundation
    Owings Mills, MD

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