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EFT Bank Payment Module Supports Vendor Pre-payment - News / ARTICLES - Cloudmaven Support Centre

Mar 22 2021

EFT Bank Payment Module Supports Vendor Pre-payment

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Electronic Bank Payment SuiteApp version 2021.1 is now enhancing supports in payment modules. The enhancements include these following features:

  • Support for Vendor Prepayments:
    • Vendor Prepayment Transactions from Instant Bank File (IBF) generation page of Electronic bank payments bundle.
    • You can also generate Positive pay file for Vendor prepayment checks.
  • Primary Bank for each Subsidiary:
    • As of 2021.1, for multi-subsidiary customer and vendor accounts, you will be able to assign a primary bank to each subsidiary. 
    • The Entity Bank Details page will be renamed to Bank Details, and a new dropdown field, Subsidiary, will be added to this page.

This Prepayment feature also works independently and running differently from the centralized payment feature. Hence no dependency. 

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