Electronic Payments

We are looking at starting to pay our vendors electronically. I'm looking for input from those of you who are doing this today. How complex is the initial set up? How are you sending remittance advice to the vendors? Has anyone managed to get the system to automatically kick off an e-mail to the vendor detailing the remittance information?
Thanks
David
XE , SQL 2000

Hallo
We are using electronic payements.
With OneWorld we can create payment control groups. To do that you can say: I'd like to pay all invoices which has a due date from ... Then OneWorld makes a list with all the invoices. After that you can delete the payments you don't like.
Next step is to write the payments. Then you get a summary of all the payments in this group and if you like that you will get a remittance for your supplier which you can fax. After that you can create a disk file. (Because the format of the disk files are different in each countries it could be possible that there are some problems)
We are in Switzerland and with our banks we can send this disk-File over Onlinebanking to the bank.

We are using OneWorld XE since 1.1.2002 and after some problems in the beginning, its working perfect with this way.

cyberscout

cyberscout,

Thanks for your information. I would like to know whether you use EDI method
or EFT method.
EDI will write to F47056W to five different work files
EFT method - Will get final output in F04572OW

Which method is working for you and how did you create disk file ? Is that a
flat [ text file ] you created ? Can you please help me on this?

Thanks
David


We are using electronic payements.
With OneWorld we can create payment control groups. To do that you can say:
I'd like to pay all invoices which has a due date from ... Then OneWorld
makes a list with all the invoices. After that you can delete the payments
you don't like.
Next step is to write the payments. Then you get a summary of all the
payments in this group and if you like that you will get a remittance for
your supplier which you can fax. After that you can create a disk file.
(Because the format of the disk files are different in each countries it
could be possible that there are some problems)
We are in Switzerland and with our banks we can send this disk-File over
Onlinebanking to the bank.

We are using OneWorld XE since 1.1.2002 and after some problems in the
beginning, its working perfect with this way.

cyberscout

We are using EFT-method.

For creating disk files we are using P04570 after you will get erntrys in:
F04570, F04571, F04572, F04572OW, F04573.

Our tape file is a simple text file. (.dat)

As attachement you can finde some files we are creating when we make payments.
(unfourtunately it's in german)