EFT/ACH Payments

Melissa Pantall

Does anyone use the EFT Payments option in NXT? if so do you use a third party processor and how is it done?

Kristy Soular

NXT will generate a file that you upload to your bank. Your bank then distributes the payments. NXT will also send a remittance email to the vendor to let them know which invoices are being paid. We are trying to get more of our vendors set-up this way to limit the number of checks we need to cut.

Melissa Pantall

Thanks, I guess my question should have been, do you use a third party to collect and store the Vendors banking info or do you do it yourself?

Kristy Soular

No, we don't use a third party. We do it all ourselves right now. Basically, if we see their EFT info on our invoices, we add it to the vendor record.

Accounts Payable

Kristy Soular:

NXT will also send a remittance email to the vendor to let them know which invoices are being paid.

Do you happen to know where I could find the information to set up the remittance email? I wasn't aware of this feature in NXT.

-Stephen Dignam

Kristy Soular

Is is not something you can manupulate on your end. It's system generated. The email comes from: Financial Edge <noreply@blackbaud.com> with a subject line of “You have received a payment from Fargo Park District (your company name)" The email body looks like this. If there is multiple invoices being paid, it would list each one, this example just has one invoice.

Julie Mueller

I would also like to know where to set up a vendor for an email remittance for an EFT payment. I thought I had it set up correctly for a vendor to test by sending an email to me but I never received an email.