Ideas for Acumatica

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Add EFT formats for Canada and EU (SEPA)

Acumatica only supports EFT payments in the US banking format.  As an international/Cloud ERP I expected Canada and EU (SEPA) formats to be standard as well.  So far all our customers are global businesses and most of my prospects are too. 

  • Michael Milligan
  • May 8 2017
  • Future consideration
  • Attach files
  • Douglas Johnson commented
    09 Apr 13:57

    Note: Acumatica's services team created a customization that adheres to Canadian EFT standards. It includes custom functions, a Data Provider, and an Export Scenario that can be further modified to address specific requirements of some Canadian banks.

  • Tanya S commented
    September 05, 2019 21:01

    Hi! Just so you know, Acumatica now supports Canadian EFT an extension that integrates with Acumatica (is a part of the platform, not a separate app). You can find out about it here: https://www.evron.com/evron-launches-canadian-eft-for-acumatica/

  • Guest commented
    December 08, 2017 19:33

    There is more here than meets the eye.  Unlike ACH batch processing, SEPA allows users to produce a payment file having multiple payment dates within a single batch, as opposed to having all payments scheduled on a single date.  This "set it and forget it" approach could be supported by Acumatica's "Pay Date" feature, but would require a modification as to how the payments are processed and posted to Cash Management and the GL, based on the "Pay date".  

    It should be noted that SEPA is supported by NetSuite, Sage, Visma and very likely Lexware, as well as all Tier 1 applications.  

  • Douglas Johnson commented
    July 17, 2017 13:06

    At least one Acumatica customer exports the data to a CSV file and then uses Bank tools to convert the file to SEPA format.