This functionality enables customers to send payment data to their banks via data interchange. A payment proposal or portfolio remittance proposal is created and the payment mode entered defines the type of payment (A/R payment, national or international A/P payment) and what format to use in the remittance file. A bank remittance file is created according to a standardized format and the program automatically indicates it as sent to the bank when the file is created. The file is stored in a defined local library which is set up for each bank applicable for bank data interchange.
The remittance file is then transferred to the bank by use of a third-party software which is received from the bank. The bank confirms when the payments have been processed. After confirmation from the bank, you can delete the remittance file from the program. If the remittance file has not been created, and you need to correct or change details in the proposal, then you delete the proposal from the program list and recreate it.
The tasks involved in the functionality are identical for the following available menu items:
- FBP A/P Bank data interchange
- FBP A/P Bank data interchange international
- FBP A/R Bank data interchange
Prerequisites
The FR (French Modifications) and the FR2 (DC1 French Best and Practice) applications must be activated in Work with companies/Applications and the instructions outlined in Setting up parameters for bank data interchange (France) must have been completed. The third-party software supplied by the bank must be installed in order to send the remittance file to the bank.