ACH Connect for Salesforce is a native ACH solution that allows organizations to transmit credits and debits to their financial institution. Unlike other solutions, ACH Connect bypasses middlemen, ensuring that funds are processed and/or collected directly within an organization's bank account(s). This reduces the overall cost of processing and further reduces the settlement time of deposits.
Check21.com offers an ACH Connect extension for Accounting Seed. Users of Accounting Seed can benefit from the automation of the Accounts Receivable or Accounts Payable processes. With the ACH Connect Accounting Seed Extension, the creation of payments and subsequent Cash Receipts or Disbursements are automated when Billing and Payable Records come due.
In addition to many of the automation capabilities of ACH Connect, the solution offers clients the ability to set recurring debits and/or credits. Recurring periodicity functions include Recur on X of Month, Recur Every X Days, Recur Annually, Semi-Annually, Tri-Annually, and Quarterly. Setting the first billing date and the number of times a transaction is to recur are additional options.
Beyond debiting and crediting functions, ACH Connect reconciles ACH returns, parsing, extracting, and synchronizing the information between the client's financial institution and an organization's Salesforce environment.