First Capital Cashflow and Boldfield launch landmark Direct Debit solution
First Capital Cashflow Ltd and Boldfield have created a unique Direct Debit solution
This Direct Debit connector will enable organisations to import their Direct Debit CSV file into Sage 50
All the advantages of Direct Debit plus seamless processing
The new process will save companies hours of administration work and will remove 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 unique 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 are on hand to provide expert advice on the integration and ongoing product support.
FCC Sales Director, Paul Simpson, believes this cutting edge Direct Debit solution 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.”
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 fully supported. Boldfield’s end-to-end service includes assistance with installation and configuration and on-going support.
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.
This solution includes full support from Boldfield and all future upgrade paths. If you are interested in how the batch import routines could help your business become more efficient, you can download and install the software from the Boldfield website at www.boldfield.com or contact Boldfield on 01954 789978 for more information.
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- Contact Information
- Louisa Buckingham
- Marketing Executive
- First Capital Cashflow Limited
- (44) 0844 8266700
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