15 November 2007

Albany Software Launches e-Payment For Microsoft Office Accounting

The UK's leading e-transactions software provider and Bacs authority, Albany Software, today announced the launch of 'e-Payment for Microsoft Office Accounting, powered by Albany Software'. This dynamic partnership with Microsoft marks a significant milestone for Albany Software: It is Albany's advanced Bacs technology (Albany ePAYMENTS) which allows the online payment functionality embedded within this brand new version of Microsoft Office Accounting. This fully integrated payment system is the first of its kind available to the small business and start-up market.

Albany ePAYMENTS revolutionises the capabilities of the small business owner. It helps to solve cash flow problems as it reduces time-consuming manual payment processes, effectively managing all accounts, tax, payroll and invoices. Businesses with less than ten employees and a turnover of less than £1 million are now able to enjoy an electronic payment solution providing seamless financial processing from within their core accounting application.

Albany ePAYMENTS brings to small businesses the financial operating potential of much larger organisations. Albany ePAYMENTS isolates the financial data stored in MOA relating to payment, and transmits it to Bacs for onward payment processing. This central component of MOA creates the essential connection between Microsoft's accounting solution and the financial clearing house enabling automated electronic payments.

Adrian Stafford-Jones, Managing Director of Albany Software, comments, "Albany ePAYMENTS allows the connection, validation, formatting and authorisation of all payments electronically. So for the first time, small business owners will be able to embrace our sophisticated Bacs technology, which is usually only a viable solution for larger corporations."

Stafford-Jones continues, "By transmitting the data held within the accounting solution through the Albany ePAYMENTS service offered by Albany Software, payments are possible at the touch of a button. There is no longer any need to re-key data or write cheques. Payments are confirmed online and instant reconciliation is fed back into the MOA system. In this way, Albany ePAYMENTS connects the accounting system to the outside world and streamlines all financial processes."

'e-Payment for Microsoft Office Accounting, powered by Albany Software', is the only integrated payment system currently available to small businesses, start ups and home based businesses, enabling them to save time with everyday financial administration, freeing up precious resource.

news   |    eNewsletters   |    events calendar   |    press releases