Bank Payment System for Infor SunSystems

News

Latest updates on functionality and product versions.

Bank Payment System version 6.4.5 now available

We’ve just released version 6.4.5 of Bank Payment System, available for Infor SunSystems 6.2, 6.3, and 6.4.

The main enhancements include:

– Improved bank reconciliation matching (manual matching, payment reference driven by BPS setup, partial matching, etc.).

– New parameter for automatic summarization in Mark for Payment/Payment Execution function (payments can be automatically summarized by this option).

– Installer is now compatible with .NET 4.6 – 4.8.

– All work files are moved into Program Data folder, only the work files with the generated ledger transactions remain in the BPS Data folder.

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Get started with Bank Payment System in as little as 10 days

From the time you send us your final requirements, sample files, and bank specifications, we can supply an interface between our software and your banking application within 10 business days.

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Infor SunSystems and BPS are designed for swift integration and prompt user adoption

Sharing standard menus, operating styles, and database tables is just the beginning. Bank Payment System imports and reconciles bank statements automatically and posts transactions, bank fees, and other charges with proper analysis codes.

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If it´s worth doing, it´s worth doing fast

Reconciling monthly statement is a straight-forward process if it’s simply a matter of matching payments to debtors and payments by creditors. But what about partial payments, payments that are just a tiny bit wrong, bank charges, interest charges or gains, and so on? The Bank Payment System can do it automatically with pre-defined tolerance values and criteria for recognising special transactions. Put the power of BPS to work for you and free up valuable time and resources!

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Still thinking about it? This is what one of our clients has said about our BPS.

Bank Payment System posts bank fees and other charges automatically with the use of analysis codes that save countless hours reducing the month end closing process from days to a matter of hours.

Vladimír Kořen, Head of Accounting & Financial Systems, AXA Insurance Prague

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Bank Payment System version 6.4.4 now available

We’ve just released version 6.4.4. of Bank Payment System, available for Infor SunSystems 6.2, 6.3, and 6.4.

The main enhancements include:

 – Improved T-code Balancing Features. BPS now filters out unrelated transactions so they are not displayed during manual matching. This process is controlled by the new parameter “Apply SYPA for Manual Matching” at the set-up level offering the user better control and fewer opportunities for error.

 – Bank Account Number Validation. “Check Account Number” is a new action included in Mark for Payment/Payment Execution. Parameters needed to verify payee bank account numbers can be programmed and called up by this action. Note: IBAN verification is still included in the core functionality.

 – Summary Order Feature. BPS now includes a summary order feature during payment execution. Invoices posted on multiple lines to the supplier’s account are combined into a single payment. This feature is heavily used by clients in several regions.

 – Focus mainly on the unmatched transaction. During statement procession, the BPS now supports automatic hiding of matched transactions, this behavior is controlled by settings; hidden rows can be displayed if needed. The user can only focus on rows that require manual intervention.

 – More support of SSC flow. Ledger import files (generated after payment or statement processing) are now enriched by additional values useful for SunSystems Connect (SSC).

 – Email remittances improved. Email remittances can be re-send in the Payment History function, and all details (in case of a summarization) are now available here.

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Bank Payment System reaches 40 interface mark for one client

We´ve reached a very impressive milestone with one of our multinational clients. They´re actively using Bank Payment System to interface with 40 different bank formats in more than 15 countries.

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St. Regis Nur-Sultan Hotel chooses LLP’s Bank Payment System

St. Regis Nur-Sultan Hotel in Kazakhstan has chosen LLP’s Bank Payment System to automate bank statement processing and payment instructions in Infor’s SunSystems accounting system.

We implemented SunSystems 4.4.2 last year. We have a large number of clients, both corporate and individual, and manual booking took a lot of our time daily. After the BPS implementation, we process more than 60 banking transactions every day, avoiding double entry of data. Transactions are booked in SunSystems after completion of the BPS processes. A number of operations, including service fees charged by our bank, are successfully detected and automatically registered in SunSystems,” said Nabi Bayramov, Director of Finance, St.Regis Nur-Sultan Hotel.

The main reason we chose the Bank Payment System was to speed up the processing, to avoid double entry and additional reconciliation. We are ensured that all the transactions will be processed in time. And we would recommend BPS for the hotels of our group and others,” added Nabi Bayramov.

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Bank Payment System version 6.4.3 now available

We’ve just released version 6.4.3. of our Bank Payment System, available for SunSystems 6.2, 6.3 and 6.4.

The main enhancements include:

– A new option that allows an automatic run of ‘Index Transactions’ before statement processing

– A new action ‘Check Account Number’ in ‘Mark for Payment/Payment Execution’ which validates bank account numbers against a programmed validation algorithm

– A new action ‘Release All’ to clear all users from BPS

– A new security feature that prohibits Second ‘Transfer’ in ‘Mark for Payment/Payment Execution’

– A new feature that allows ‘Summary Order’ in ‘Payment Execution’

– A new Text Matching feature that allows prioritization of search terms

– Index Transaction is now included in BPS backup file

– Ledger import files are enriched by mandatory values for SSC (useful for automatic ledger imports by SunSystems Connect)

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Sprechen Sie Deutsch? Parlez-vous français? So does Bank Payment System.

Our Bank Payment System is available in German and French. You can also select English or Spanish as your language preference. All language options have built-in support for country-specific character sets in a single environment.

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