Accurately manage and execute the regular transactions your company sends to multiple vendors in one place with ODT EFT.
Integrated Electronic Funds Transfer Software for Dynamics 365 to Accelerate Payments
ODT Electronic Funds Transfer (ODT EFT) is a fully integrated cloud app for Dynamics 365 Business Central that simplifies and automates the process of transferring regular payments to multiple vendors. By using the standard Business Central data exchange framework and data definition, ODT EFT offers a quick and easy solution to managing regular transactions to multiple vendors.
ODT EFT supports one or more bank accounts with multiple EFT export formats and currencies, as well as multiple EFT bank formats, including Accounts Payable. Please note that ODT EFT is exclusive to Canadian clients and is not designed for sending payments from a bank based in the US.
Supported banks include: Royal Bank • Bank of Montreal • HSBC Bank • Alberta Treasury Branch • Toronto Dominion • Canadian Western Bank • CPA Standard 005 • Canadian Imperial Bank of Commerce • National Bank • Scotia Bank
Automated Batch Payments to Your Canadian and U.S. Vendors
ODT EFT enables you to send batch payments to your Canadian and U.S. Vendors in CAD or USD through any Canadian bank. Once your bank account card has been set up for your chosen bank, the EFT process is virtually identical to the standard Business Central or Dynamics NAV process of sending EFT to the Royal Bank of Canada.
Key Product Features in ODT EFT
Quickly and easily pay the external vendors who service your business without the risk of errors or inaccuracies. Here’s how:
Supports one or more bank accounts with multiple EFT formats and different currencies.
Always sends one record per payee to the export file.
Exclusively available to clients with an account at any Canadian bank.