Built for Any Bank
Easily handle the unique formats and requirements for any bank so you can create EFT Files (payment instruction files) from any bank around the world directly out of Sage Intacct.
BTerrell SmartEFT™ is an easy-to-use global payment platform enabling you to securely initiate electronic payments to and from vendors, employees, and customers through any bank, anywhere in the world. With SmartEFT, you can easily handle the unique formats and requirements for all banks in all countries and allows users to originate Electronic Fund Transfers (EFT) to payees or from customers without leaving the Sage Intacct. Imagine the time and expense you will save compared to manually entering account and payment details to bank portals, printing, mailing paper checks, or correcting data entry errors.
✔ The only application generating EFT files within Sage Intacct for international payments
✔ Complies with GDPR requirements with a focus on customer data security
✔ Originated over $2 billion dollars in transactions through 12,000 EFT files in 2020
✔ Utilizes BTerrell's flexible payment framework designed to support any financial institution
✔ Customers implement BTerrell SmartEFT and begin making payments in only 3 weeks
✔ Hosted in the Microsoft Azure cloud for rock-solid reliability and security
✔ Securely process high payment volumes utilizing Sage Intacct Platform Services
✔ Automatically transfer transactions files to participating banks via Secure File Transfer Protocol (SFTP)
✔ Support the EFT file format requirements of any financial institution
✔ Tailor payment remittance emails to your exact specifications
✔ Sync and post payments with your bank's payments status
✔ Auto-draft payments from customer accounts and eliminates paper check deposits
✔ Prevent unapproved payment file generation by enforcing up to a multi-level/multi-approver payment approval policy
✔ Combine multiple payment types into a single transaction, including U.S. ACH payments, wire transfers, and international EFT payments
BTerrell SmartEFT relies on the BTerrell Smart Digital Payment Processing Platform
✔ BTerrell has 30+ of experience in providing accounting solutions for businesses
✔ BTerrell has 8 years of Sage Intacct development success
✔ Developed using Sage Intacct Platform Services
✔ Compatible with Sage Intacct Value Added Tax (VAT)
✔ Compatible with most AP bill automations on the Sage Intacct Marketplace
✔ Compatible with BTerrell SmartFX, BTerrell Smart Billable Expenses™, and BTerrell SmartRPA™
✔ Making electronic payments through any domestic or international banks
✔ Making electronic, cross-border payments to suppliers or other payees in foreign currency
✔ Making payments through domestic or international banks that require transaction formats unsupported by Sage Intacct
✔ Combining multiple payment types (ACH, EFT, Wire Transfer, and Paper Checks) into one electronic transaction file
✔ Automatically sending electronic transaction files to banks via SFTP
✔ Reducing or eliminating paper checks
✔ Required by banking partners to submit "balanced" ACH files, which Sage Intacct does not support
✔ Tailoring remittance advice emails for payees, which Sage Intacct does not support
✔ Providing suppliers with data within the ACH transaction beyond that which Sage Intacct supports
BTerrell SmartEFT is an annual subscription-based application, unlike other payment applications that charge by the transaction or transaction amount. Implementation fees are a one-time charge based on the subscribed functions. Contact us for a competitive quote to simplify and secure your electronic payment process.
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I’m really happy with the implementation and the functionality of SmartEFT. We’ve seen at least a 35% reduction in the time it takes to make payments. Great results if you ask me!
BTerrell provides accounting software and services to Fogo and has done so since the day we opened. To this day, we rely heavily on their services and technology, and feel they have contributed greatly to our success as we have grown.
BTerrell has been a great partner, and we give them high marks when it comes to responsiveness and their knowledge of Sage Intacct. Everyone has been easy to work with, and very helpful in enhancing our financial automation and reporting.