ACH Payments to Vendors

[HDCJackson]

We are finally transitioning to ACH/Direct Deposit for our Vendors (already established for our employees). 

What is the process / system / platform that you use to capture the banking data from your vendors?

Do you do Micro-Deposits?  If so, can you share how you get the confirmation from the vendor?

We use Concur, then extract invoices to Oracle.  Is the system / process you use something that is compatible with Concur, Oracle or 3rd party standalone.

Thanks,

Heather Jackson

[Allan]

I'm interested in the same thing.  We just started paying invoices and now I need to extract data into my GL system.  Nobody at Concur seems to be able to help with this! 😞  

What have you learned about this that you can share?

[passanise]

Hi, we are considering implementing the Concur check printing functionality. Are you currently using this? Do you  have any good/bad feedback you can provide to help us make a decision?

Thanks!

[mzhbabor]

Hi,

Vendor bank details check predominantlystays at vendor upload process. You need to confirm vendor bankdetails when you upload a vendorr.

We also struggled with the process. There is no vendor bank details check process when you pay a vendor, unless you chack vendor bank details each time for  each vendor.

Thanks

Mzhbabor