Automatic,Payment,Transfer,Tre computer Automatic Payment Transfer - Treasury Software Integration
Gone are those times when the companies and the organisations didn't need a hi-tech system to handle them. Owing to the considerable increase in the business sector and thus, an enormous increase in the complexity of the organisational struc ----------------------------------------------------------Permission is granted for the below article to forward,reprint, distribute, use for ezine, newsletter, website,offer as free bonus or part of a product for sale as longas no changes a
Automatic paymenttransfer is a financial transaction that ensures funds are sent and received onschedule, automatically. It makes paying bills and receiving paychecks simpleand fast. This article will explain some of the functions to Automatic PaymentTransfers, and why the option is such a valuable tool. In the past, transferringfunds could only be done manually and had to be initiated by an authorizedindividual within a financial institution. Today, it is possible to set up automatic,monthly standing payments. For example, withnumerous utilityproviders, proper authorization by the owner of the account means the utilitycompany can automatically generate an electronic invoice to a checking orsimilar account. The funds are automatically taken from the authorized account,the same day of each month and are automatically forwarded to the utilityservice. Many companiestoday, pay employees using an automatic payment transfer. The employer simplyenters the banking information for each employee and sets up a payroll profileincluding the data needed to calculate the payment. Once the protocols are setwithin the payroll system, the transfers can be automatically conducted. Nopayroll checks are needed and employees dont have to wait for checks to clearbefore they can access their funds because the automatic payment transfer issafe, easy, and quick. Thereare a number of advantages for the consumer when it comes to automatic funds transfers.You can have you funds set to transfer on the same date of every month. Moreimportantly, you dont have to sit and write out checks and payments forutility bills, rent, and mortgages each month as they are automaticallydeducted from your bank account. Also because of the security of automaticpayment transfer, you dont need to involve any action from your employee.Payments can be credited by bank accounts the same day they are received.Another convenient bonus is the loss of dull paperwork due to the automaticpayment transfer technology.
Automatic,Payment,Transfer,Tre