First Capital Cashflow and Boldfield launch landmark Direct Debit solution
First Capital Cashflow and Boldfield have created a first-to-market Direct Debit solution. The system will enable organisations to import their Direct Debit CSV file into Sage, saving companies hours of administration work, removing opportunities for human error.
There’s so much more that company owners could be doing to enhance their business, rather than wading through endless amounts of receipts and invoices. That’s why this easy-to-use Direct Debit solution will be so useful. Not only does it remove the need for hours of laborious administrative tasks, it also eradicates human error.
Are you tired of having to spend hours manually creating and allocating receipts to invoices within your Sage accounting system?
The UK’s leading Payment Bureau, First Capital Cashflow, has partnered with leading IT service provider Boldfield to create a first-to-market Direct Debit solution, which will automate the entire reconciliation process between an organisation’s Direct Debit payers’ history record and their accounting records in Sage.
This solution will enable companies to import their Direct Debit CSV file into Sage and will automatically allocate receipts to the customer reference number, invoice number and value of the transaction within the accounting system. This will save organisations hours of manual inputting and precious staff resource, and will also remove manual errors, whilst providing you with greater control.
Key features include:
Easy to install and use - The application is very user friendly and intuitive.
Import Data - For Paids and Represented: The sales receipt is posted as a payment on an account and allocated against the invoice.
For Unpaids and Represented Unpaids: This is recorded in the customer’s memo history, so they have a record of the unpaid transaction.
For Indemnities Claimed: A Sales Payment is posted to reverse the initial payment made.Batch Upload - Seamless integration without user intervention.
Data Validation and On-Screen Totals - Our solution can verify the import totals; paid, unpaid, represented, represented unpaid and indemnity claimed prior to importing, enabling comparison and control to the external system.Create Import
Templates - The file structure will automatically default to the Sage 50 standard CSV import.Aids processing in Sage 50 - Receipt automatically allocated on posting.
Support and advice - Boldfield will provide expert advice on the integration and ongoing product support throughout your licence.
FCC Sales Director, Paul Simpson, believes this landmark Direct Debit solution - which launches on October 10th 2014 - will really help businesses to keep a tighter grip on their finances, easing their cash flow worries in the process. He commented: “There’s so much more that company owners could be doing to enhance their business, rather than wading through endless amounts of receipts and invoices.
“That’s why this easy-to-use Direct Debit solution will be so useful. Not only does it remove the need for hours of laborious administrative tasks, it also eradicates human error. We’re delighted to have formed a partnership with Boldfield and the fact that the company will provide customers with expert product support really does make this milestone solution even more appealing.”
About First Capital Cashflow
The company started trading in 2001, providing bespoke Direct Debits and credits payment solutions. First Capital Cashflow is a leading Bacs-approved and FCA accredited Payments Bureau and is renowned for creating pioneering payment solutions to satisfy the needs of its clients.
If you are interested in how the batch import routines could help your business become more efficient, contact us on 0844 82 66 700 or go to the First Capital Cashflow website at www.firstcapitalcashflow.com.
Established since 1981, Boldfield is accredited by several of the biggest names in the IT industry, including Microsoft, Dell, HP and Symantec. The company is a recognised Sage Business Partner and one in a handful of Accredited Sage Developers with a comprehensive range of Sage services.
As a leading Sage Business Partner and Sage Developer, Boldfield works closely with Sage to provide support with customisations of Sage and integrations into other software. Boldfield has its own Sage-trained support team, ensuring that your customised Sage Solution is developed, installed and supported through your product’s lifetime. Boldfield’s end-to-end service includes installation, training and support.
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- Contact Information
- Louisa Buckingham
- Marketing Executive
- First Capital Cashflow
- Contact via E-mail
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